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

 

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>

ALSO:

Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>