CHECKOUT COUNTER: Coke eyes energy drinks
Coca-Cola, which wants to be a ‘total beverage company’, is planning to add a new drink, Coca-Cola Energy, to its portfolio
1. Investment jeans Levi Strauss & Co is planning an IPO, people with knowledge of the matter told CNBC. Levi’s wants to raise between $600m and $800m and is targeting the first quarter of 2019 to go public, said the sources, who asked not to be named as they were discussing confidential deal details. The company is aiming to debut with a valuation upward of $5bn and has reportedly tapped Goldman Sachs and JPMorgan to manage the deal. 2. Diageo to sell 19 brands Diageo, the owner of Johnnie Walker whisky, will sell a 19-brand portfolio to US distilling company Sazerac for $550m. Some of the brands that London-based Diageo will shed are Goldschläger schnapps, Seagram’s VO blended whiskey and Yukon Jack whiskey liqueur. Diageo, which also owns brewing company Guinness, wants to focus on premium spirits. 3. Coke eyes energy drinks Coca-Cola, which wants to be a "total beverage company", is planning to add a new drink, Coca-Cola Energy, to its portfolio. The company has filed for arbitr...
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