The Coca-Cola Company announced this week that one of its ready-to-drink tea beverages will be phased out by 2023. The company also believes its other ready-to-drink tea brands — Gold Peak and Peace Tea — are better positioned for growth. The Coca-Cola Company purchased a 40% stake in Honest Tea in 2008, ten years after the brand was founded. (Aaron Davidson/Getty Images for SOBEWFF®)Despite dropping Honest Tea from its portfolio, Coca-Cola will continue to produce its Honest Kids line of beverages. The company will also retain ownership of the Honest Tea brand, despite phasing out its products.

Source: Daily Nation May 28, 2022 22:21 UTC