{"id":54279,"date":"2025-02-28T17:26:45","date_gmt":"2025-02-28T22:26:45","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=54279"},"modified":"2025-02-28T17:27:01","modified_gmt":"2025-02-28T22:27:01","slug":"tropicana-is-in-big-financial-trouble","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2025\/02\/28\/tropicana-is-in-big-financial-trouble\/","title":{"rendered":"Tropicana is in big financial trouble"},"content":{"rendered":"\n

Florida has been blasted with stronger hurricanes than ever before. A prolific disease carried by insects continues to devastate orange groves. And, on top of all that, consumers are watching their sugar intake. It\u2019s adding up to a disaster for Tropicana orange juice.<\/p>\n\n\n

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Tropicana, founded in 1947 by an immigrant from Sicily who developed a process for freezing concentrated orange juice, is in financial distress and could be headed for bankruptcy.<\/p>\n\n\n\n

Tropicana Brands Group, which owns Tropicana, Naked, KeVita and other juice drinks, has seen sales and profit deteriorate in recent years. The company\u2019s revenue slipped 4% last quarter and its income dropped 10%, according to Debtwire, a financial services publication.<\/p>\n\n\n\n

Actions from its owners paint a much more dire picture. PAI Partners, a European private equity firm that took a controlling ownership stake in the company four years ago from PepsiCo, recently provided a $30 million emergency loan to Tropicana, \u201cshowing that they are a lender of last resort,\u201d and are \u201cnot confident any value remains from their initial investment,\u201d said Tim Hynes, the head of credit research at Debtwire.<\/p>\n\n\n\n

PepsiCo, which still owns a minority stake in the company, also said that it wrote down the value of its investment by $135 million last quarter.<\/p>\n\n\n\n

\u201cTropicana\u2019s financial difficulties have raised concerns about how the company will manage its balance sheet,\u201d Hynes said. \u201cTropicana faces an uphill battle.\u201d<\/p>\n\n\n\n

Tropicana and PAI Partners did not respond to requests for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Florida has been blasted with stronger hurricanes than ever before. A prolific disease carried by insects continues to devastate orange groves. And, on top of all that, consumers are watching… <\/p>\n","protected":false},"author":2,"featured_media":54280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"17","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":true,"token":"eyJpbWciOiJodHRwczpcL1wvaTAud3AuY29tXC9sYWtlbGFuZGdhemV0dGUuaW5mb1wvbmV3c1wvd3AtY29udGVudFwvdXBsb2Fkc1wvMjAyNVwvMDJcL2Rvd25sb2FkLTItMi53ZWJwP2ZpdD0yMjUlMkMyMjUmc3NsPTEiLCJ0eHQiOiJUcm9waWNhbmEgaXMgaW4gYmlnIGZpbmFuY2lhbCB0cm91YmxlIiwidGVtcGxhdGUiOiJoaWdod2F5IiwiYmxvZ19pZCI6MTYzMDQwNjYxfQ.C6uaWrq19O54tIzPK4bcyit8lmhl-wVAJT9_GCJJEAYMQ"},"version":2,"attached_media":[{"id":54280,"url":"https:\/\/lakelandgazette.info\/news\/wp-content\/uploads\/2025\/02\/download-2-2.webp","type":"image\/jpeg"}]},"_wpas_customize_per_network":false},"categories":[17],"tags":[10997],"class_list":["post-54279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional-and-world-news","tag-tropicana-is-in-big-financial-trouble"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/54279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=54279"}],"version-history":[{"count":1,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/54279\/revisions"}],"predecessor-version":[{"id":54281,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/54279\/revisions\/54281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/54280"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=54279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=54279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=54279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}