Tropicana, which was founded in 1947 and has been a household name ever since, is in financial trouble and might have to file for bankruptcy. Tropicana’s revenue went down by 4% last quarter, and the company’s income decreased by 10%, according to CNN.
When it comes to breakfast the Tropicana brand is about as iconic as it gets in America. Just about everyone can close their eyes and see a tall glass of orange juice waiting next to a side of toast and maybe some eggs and bacon.
Florida has been blasted with stronger hurricanes ... Actions from its owners paint a much more dire picture. PAI Partners, a European private equity firm that took a controlling ownership stake ...
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Tropicana is in big financial troubleTropicana and PAI Partners did not respond to CNN’s requests for comment. Supply shortages in top orange-growing areas — worsened by climate change-influenced disasters like more severe hurricanes in Florida and intense droughts in Brazil — plus ...
PAI Partners, a European private equity firm that ... that “growing citrus is no longer economically viable for us in Florida,” with disease and hurricanes reducing its production by 73% ...
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