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
International Drinks Festival International Drinks Festival The International Drinks Festival is a projected annual festival of alcoholic and non-alcoholic beverages both foreign and local to Nigeria, every December in Lagos. Organized by the Balmoral Group, it brings the beverage industry's top-notch professionals and consumers together for a groundbreaking experience in the yuletide season. More than 10,000 Consumers and 5,000 Professionals will get the chance to meet with over 200 exhibitors at the festival. Attendees include consumers, mixologists, liquor buyers, sommeliers, bartenders, restaurant managers and brewery workers. Features include music and comedy performance as well masterclasses and a summit to discuss how to further