Innocent Drinks operational control. As a result of the takeover, Ethical Consumer magazine reduced their ethical rating for the company from 12.5/20 to 6.5/20. In April 2010, Coca-Cola increased its stake in the company to 58% from 18% for about £65 million. In February 2013 Coca-Cola increased their stake to over 90%, leaving the three founders with a small minority holding. In June 2016, the drinks company reported a sales surge thanks to new products such as coconut water and vegetable smoothies. These new products contributed £28m to sales. Revenues reported for last year were £247.4m, a 13% increase on the previous
Sugary Drinks Portion Cap Rule On June 26, 2014, the New York Court of Appeals, the state's highest court, ruled that the New York City Board of Health, in adopting the Sugary Drinks Portion Cap Rule, exceeded the scope of its regulatory authority. The amendment was repealed on July 9, 2015, effective August 8, 2015. Sugary Drinks Portion Cap Rule The Sugary Drinks Portion Cap Rule, also known as the Soda Ban, was a proposed limit on soft drink size in New York City intended to prohibit the sale of many sweetened drinks more than 16 ounces (0.47 liters) in volume to have taken effect