On February 23, PepsiCo announced that it had reached a definitive agreement with Hao Xiang Ni to buy its subordinate company Hangzhou Hao Mu Si Food( referred to BE&CHEERY) for $705 million. On the evening of February 23, Hao Xiang Ni lasted announcement showed that planned to sell 100% of Hao Mu Si to Pepsi beverages through a cash sale.
After the completion of the transaction, the company will focus on the original jujube related business, with high-end jujube Hao Xiang Ni as brand positioning. By integrating the company's resource advantages and taking advantage of the industrial opportunity of jujube futures hedging, the company can further improve its market share in jujube market and consolidate its leading position in the global jujube industry.
Source: China Network
- White Paper on Bone and Joint Health of Chinese Consumers 2020
- Yili Dairy launched high-protein yogurt, focusing on sport people
- Sinopharm Xingsha launched the Japan's Champion probiotics
- China has introduced its first policy to support the industrial hemp industry
- Beyond Meat became the first overseas Artificial Meat company to set up a factory in China
- Nongfu Spring's market value exceeded HK $370 billion on its first day
- German infant nutrition brand Amykon launched two probiotics in China
- The revenue of Besunyoung in the first half year is about 610 million yuan
- Jellly candy and powder included in the health food filing dosage form in China
- H&H Group net profit increased by 9% for the first half of year