Japan’s Suntory announced plans to acquire popular beverage brands Lucozade and Ribena from UK-based pharmaceuticals company GlazoSmithKline, a $2.1 billion deal that ends British ownership of the decades-old beverage names.
Reports say the ownership of the names has been quite successful within the UK, but GSK is championing its new agenda to focus on healthcare-related products only.
Suntory reportedly faced rival bids including UK’s AG Barr.
Full Content: Irish Times
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