Ribena and Lucozade were today sold to the Japanese for £1.3bn — the price of 2.3 billion cartons of the blackcurrant drink. GlaxoSmithKline, Britain’s biggest drugmaker, put the drinks up for sale in February as part of chief executive Sir Andrew Witty’s push on healthcare brands and vaccines. Private equity firms including Blackstone and Lion
Schemes which offer an incentive for recycling drinks containers could help tackle Scotland’s litter problem, according to the environment secretary. Richard Lochhead is to look at the feasibility of taking up a deposit refund scheme which operates in Sweden. It works by adding a small deposit to the cost of a drink which is refunded
Manhattan’s not the only place with $20 cocktails. A premium liquor boom has given consumers more options to spend big on their own home bar. Top-tier spirits have seen tremendous growth in recent years. The overall U.S. bourbon market grew 13.2 percent last year from the previous year, while super premium bourbons rose 79.5 percent,
Thursday night was a watershed moment in the history of British television, and not just because Owen Hargreaves managed to get through a full 90 minutes without getting injured. The debut of BT Sport was this country’s most eagerly-anticipated channel launch since Channel 5 burst on to our screens in 1997 with a loopy, multicoloured
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Energy drinks are busting out of the convenience store cooler and into the health food aisle. As energy drink sales soar like a caffeine-fueled rocket, more drinks are promoting organic ingredients, added juices, natural caffeine and so-called “clean” energy. A jolt from Rockstar not your speed? There’s the “natural energy drink” Guru, and Steaz Energy,
The Premier League and Sport England have jointly committed a combined total of £16.8m to help encourage youth sports participation for three years. The equally funded investment will see Premier League 4 Sport (PL4Sport) receive £3m a year and Kickz £2.6m. Under the new deal, PL4Sport schemes will be expanded to include 12 Olympic, Paralympic and Commonwealth sports. It will
NEW YORK — Not surprisingly, The Coca-Cola Co. generated the most brand value among the world’s top soft drinks in 2013, according to BrandZ, the world’s largest brand equity database. In 2013, Coca-Cola generated brand value of $64.7 billion, up 7% from 2012. The total gave the Atlanta-based company the No. 5 overall position among
Protein products are increasingly being marketed in supermarkets to ordinary people. Do they serve any real purpose for non-athletes? The “sport-related” protein product sector is booming. It’s estimated that the world will be chewing and gulping down £8bn a year of bars, drinks, and other supplements by 2017. But there’s now a wave of products
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