Fears that America's favorite orange juice is heading for bankruptcy

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Fears that America's favorite orange juice is heading for bankruptcy

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America's favorite orange juice maker is in big financial trouble - hit by a triple whammy of problems. Hurricanes destroying fruit trees, insects ravaging orange groves and consumers cutting back on sugar have all affected Tropicana. Best known for its much-loved orange juice, Tropicana has battled falling sales and shrinking profits in recent years at the same time the price of oranges has skyrocketed. The company, which also owns Naked smoothies and Kevita juices, saw its income drop 10 percent and its revenue by four percent last quarter.
Read More >> Full Article on Source: ALPHA MAG
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