The Coca-Cola Company has signed a licencing agreement with sales and marketing group Frutura that will enable the use of the Minute Maid and Simply brands within the fresh produce category for the first time.
Both brands will be “exclusively deployed” by Frutura company Dayka & Hackett (D&H). Founded in 2005, D&H imports, sells and markets table grapes, citrus, stone fruit, mangos and avocados to US retailers.
Under the deal, Minute Maid and Simply will no longer be confined to the beverage category; the brands will be found in the produce aisle on fresh citrus and grape products. The Simply brand is entering the produce category as Simply Select with D&H citrus in the US. Minute Maid will be used on D&H grapes in the US and D&H fresh citrus and grapes in Japan.
Kayla Carlucci, associate licencing manager with The Coca-Cola Company, said: “Our company is committed to serving the consumer with superior products at every part of their day. When we consider licencing one of our brands, the quality of the product that will bear our name is paramount, as is the quality control the licencee exercises at every step along the supply chain. We’re delighted to be in business with Frutura and consider this to be the start of a great relationship.”
Products bearing Coca-Cola’s Minute Maid and Simply Select imagery will begin appearing in retail stores in the second quarter of 2023.
Tim Dayka, CEO of D&H, added: “Partnering with the iconic Coca-Cola Company and their globally recognised and respected brands is a transformative moment for our company and for Frutura. This will allow us to increase our market penetration in a meaningful way, as these brands resonate so strongly with the discriminating consumer.”
By Rafaela Sousa
Source: foodbev.com
After eight years with Nestlé, François-Xavier Roger, executive vice president and chief financial officer (CFO), has decided to leave the company to pursue new professional challenges, making way for finance boss Anna Manz. Meanwhile, Unilever announced that Graeme Pitkethly, CFO, will retire by the end of May 2024, and the hunt is on for his successor.
International spirits company Bacardi Limited has announced the appointment of Alicia Enciso to its board of directors. Enciso joins with more than 30 years of experience with multinational Fortune 100 Companies in the food and beverage sector with roles as general manager, president, chief marketing officer and e-business officer.
According to Innova Market Insights, when it comes to beverages, consumers are willing to pay more for what they value most, despite rising inflation. Additionally, consumers want brands that respond to their core values and have the benefits they seek, such as sustainability and functional ingredients.