Coke, Nestle Reining in Tea Partnership (KO)
The Coca-Cola Co. (NYSE: KO) and Swiss-based Nestle S.A. have participated in a 50-50 joint venture called Beverage Partners Worldwide (BPW) for the past decade to sell tea products in North America, Europe, and Asia. That partnership is dissolving as…
The Coca-Cola Co. (NYSE: KO) and Swiss-based Nestle S.A. have participated in a 50-50 joint venture called Beverage Partners Worldwide (BPW) for the past decade to sell tea products in North America, Europe, and Asia. That partnership is dissolving as BPW will no longer sell the tea products except in Europe and Canada.
Coke will license Nestea products for sale in Taiwan and Hong Kong, but the US soft-drink company plans to replace the Nestea products with its own brands in the US.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
