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Manaus Bought the Most Traditional Tonic Water Brand for $70 Million
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Refres Now, the company that owns Manaus, was left with the traditional brand of Cunnington sodas. The closure of the negotiations, which had been going on for several months, was confirmed by sources close to the operation. The amount of the sale, they added, was approximately $70 million. Thus, the Canido family, owner of Manaus, seeks to fight the leaders of the category, Coca-Cola and Pepsi, and start competing outside the low-price segment.…
·Argentina
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