Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Press Statement - Pepsi Cola

Pepsi Cola International (PCI) today signed an exclusive deal with Frucor Beverages for the New Zealand franchise bottling rights for its brands.

The Lion Nathan and PCI joint venture, Pepsi-Cola Bottlers New Zealand (PCBNZ), has for seven years held the New Zealand bottling rights for Pepsi, Diet Pepsi, Pepsi Max, 7UP, Mountain Dew and Mirinda.

Lion Nathan has negotiated the sale of certain assets of PCBNZ in which PCI has a minority stake.

Once the above sale is completed, Frucor Beverages will take over the licences for the PCI brands and certain PCBNZ operating assets.

Pepsi Cola Australasia Franchise vice president Chris O'Donohue said: "New Zealand sales of the Pepsi Cola brands have grown significantly during the seven year long relationship between PCI and Lion Nathan, and we thank them for being a supportive and committed partner over the years.

"Pepsi Cola International embraces the asset sale to Frucor, a dynamic and capable company that will be a strong local partner in what is a very important and thriving market.

"The appointment of Frucor Beverages as a franchisee will facilitate the emergence of an efficient, integrated New Zealand operation of a scale that will raise the level of competition across all channels of distribution.

"The combined strength of the complementary Pepsi Cola and Frucor brands, backed by the support of the PCI system, will bring benefits to consumers and the retail trade.

"Pepsi Cola International is committed to working with Frucor Beverages to maintain supply of its popular trademarks like Pepsi, Mountain Dew and 7UP and to further build points of difference and add value in the competitive soft drink market.

"PCI and our new partner Frucor are also committed to the continued productive relationship with Restaurant Brands New Zealand (KFC and Pizza Hut) via our long term supply agreement currently in place."

The sale of the bottling franchise relates only to the New Zealand market. The Australian joint venture between PCI and Lion Nathan is unaffected and remains in place.

ENDS....

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news