Wells Fargo analyst Bonnie Herzog called the news "an exciting potential development" as it would take Coke into another fast-growing healthier segment following last month's $5.1 billion deal for Costa Coffee and expand cannabis-infused drinks in the area of functional wellness products.
BENGALURU: Australia’s Coca-Cola Amatil said it was looking into the potential sale of its fruit and vegetable packaging unit after the loss-making business contributed to a drop in its first-half revenue.
The bottler bought the unit, SPC, for around A$700mil (US$510mil) in 2005 and is reviewing its options following the end of its four-year joint investment of A$100mil into the unit with the Victorian government.
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