SoBe
This article was originally published in The Tan Sheet
Executive Summary
PepsiCo acquires majority stake in functional drinks marketer South Beach Beverage, firms announce. Purchase, N.Y.-based company co-founder and CEO John Bello holds onto equity stake as part of deal. South Beach received FDA warning letter earlier this year for claims on its drinks containing herbal ingredients (1"The Tan Sheet" July 31, p. 8)
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