Beverage industry stalwart Peter Brooks was $364 million richer last night after agreeing to sell his privately owned soft drinks business P&N Beverages to Japanese brewer Asahi.
Beverage industry stalwart Peter Brooks was $364 million richer last night after agreeing to sell his privately owned soft drinks business, P&N Beverages, to Japanese brewer Asahi.
Asahi plans to merge P&N with its Australian soft-drink business, Schweppes, lifting annual sales to more than $1 billion and increasing its share of the Australian non-alcoholic beverages market from about 16 per cent to 21 per cent by value and 29 per cent by volume.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com
