Cadbury-Schweppes has refused to comment on speculation that it may sell off its drinks business. The UK-based drinks & confectionery group is at the centre of rumours surrounding the future of its beverage operations, which are based in the Americas & Australia. A report in the UK newspaper The Times claimed today (14 March) that US billionaire Nelson Peltz has held talks with Cadbury's management over his purported plans to split the two sides of the business. Yesterday, Cadbury, the owner of the Dr Pepper & 7-Up brands, confirmed that Peltz had bought just under 3% of the company. However, a Cadbury spokesperson stayed silent on the reports of a possible break-up of the company. The Times also claimed that Cadbury had already told its financial advisers, including Goldman Sachs, to prepare the ground for a possible spin off of its drinks business.
