Pepsico bottling operation in South Africa closes; prominent black Americans among investors

June 1997
Jet;06/16/97, Vol. 92 Issue 4, p46
Reports on the closing of New Age Beverages, a PepsiCo franchise bottler in South Africa that was launched in 1994 as a joint venture with black business and several high-profile black American investors. The investment of Whitney Houston, Shaquille O'Neal, Danny Glover, Johnnie Cochran, and Earl G. Graves.


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