Category: Tropicana

PepsiCo to Sell Tropicana, Other Juice Brands for $3.3 Billion

PepsiCo unveiled a $3.3 billion sale of its Tropicana and other juice brands in North America to French private equity firm PAI Partners on Tuesday, as it looks to simplify its product range and move away from high-sugar drinks. The company, which bought the orange juice maker in 1998 for roughly $3.3 billion and U.S.-based…


Bally’s Buying Tropicana Hotel on Las Vegas Strip for $308 Million

LAS VEGAS—The Tropicana Las Vegas Hotel and Casino, a Sin City namesake, is being sold to a new entrant among Las Vegas Boulevard resort owners. Rhode Island-based Bally’s Corp. announced Tuesday it will acquire the iconic Strip property from Gaming and Leisure Properties Inc. for about $308 million. The agreement for the nearly 1,500-room hotel,…