Archives for September 8, 2013

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SOLD! GSK exits drinks market

Glaxo sells Lucozade and Ribena to Suntory for £1.35bn cash

By Shane STARLING

Ever-expanding Japanese beverage behemoth, Suntory, is the new owner of Lucozade and Ribena, which GlaxoSmithKline (GSK) has sold for £1.35bn (€1.6bn/$2.11bn) as it admits defeat in its internationalisation plans and trains its focus on its pharma...

Russia removes temporary Fonterra dairy import ban

By Mark ASTLEY

Russia has lifted the temporary import and distribution ban imposed on Fonterra dairy products following the New Zealand-based dairy cooperative's decision to recall three batches of whey protein concentrate (WPC) potentially contaminated with...