Cadbury Schweppes to Spin off Beverage Unit
Cadbury Schweppes to Spin Off Beverage Unit
Cadbury Schweppes announced that it intends to separate its confectionery and Americas Beverages businesses. In a statement, company Chairman John Sunderland said: "This decision is of great significance for the board and the company. It has been facilitated by acquisitions and disposals over the last decade designed to create a strong and potentially independent Americas Beverages business. In the same time, we have built the world's largest confectionery business. We believe now is the moment to separate and give both management teams the focused opportunity to extract the full potential inherent in these excellent businesses."