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    Home News Iconic breakfast brand facing bankruptcy after nearly 80 years in business
    Iconic breakfast brand facing bankruptcy after nearly 80 years in business
    Business, Nation & World, News
    February 28, 2025

    Iconic breakfast brand facing bankruptcy after nearly 80 years in business

    (TNS) — When it comes to breakfast the Tropicana brand is about as iconic as it gets in America.

    Just about everyone can close their eyes and see a tall glass of orange juice waiting next to a side of toast and maybe some eggs and bacon.

    The company was founded in 1947 and has been in just about every house in the country in the years since, but times are changing, and multiple reports indicated that Tropicana is in big-time trouble.

    CNN reported that Tropicana’s revenue slipped 4% last quarter and its income dropped 10%. And, ominously, the site reported that its owners, PAI Partners, recently provided a $30 million emergency loan. Debtwire’s Tim Hynes said, per CNN, the loan shows “that they are a lender of last resort,” and are “not confident any value remains from their initial investment.”

    Market managers are closing in on a $1 million salary at this major retailer

    Major U.S. retailer to pay workers more than $30 an hour

    Magnesium can have multiple benefits. Here’s when to take it and how to get it for optimal health

    Supplement called ‘gatekeeper of the immune system’ is super cheap, can keep you from getting super sick

    CNN also noted that PepsiCo., which owns a minority stake in Tropicana, “wrote down the value of its investment by $135 million last quarter.”

    “Tropicana’s financial difficulties have raised concerns about how the company will manage its balance sheet,” Hynes said, according to CNN. “Tropicana faces an uphill battle.”

    CNN named a number of issues leading to the decline, including Florida being hit by stronger hurricanes than ever before, insects wrecking orange groves, and consumers watching their intake of sugar. It said the Department of Agriculture expects this year’s orange production to be the lowest in 88 years.

    Because of that, per CNN, while consumers have stopped buying as much orange juice, the price has still increased from $2.30 in 2020 to $4.50 in January for a 12-ounce bottle.

    Tags:

    economy finance tropicana products

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