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
Barr Britvic Soft Drinks the two companies failed to agree upon terms. Barr Britvic Soft Drinks Barr Britvic Soft Drinks plc was a proposed company to be founded by the merger between two British soft drink manufacturers, A G Barr and Britvic. Former Britvic shareholders were to own 63 per cent of the combined entity, whilst Barr shareholders would have held 37 per cent. Measured by revenue, it would have been one of the largest soft drinks companies in Europe. The company would have had annual sales of more than £1.5 billion and would have employed around 4,300 staff. The company would have produced