Suffering from a consumer shift to bottled water, Cott Corp., one of the world's largest makers of store-brand soft drinks, said it will realign its Canadian and U.S. management team and cut underperforming assets.
The move comes a week after the company, which bottles drinks for large retailers such as Wal-Mart Stores Inc., warned its 2005 earnings will be lower than expected and rescinded forecasts for the year, blaming the consumer shift, weak U.S. soft drink volumes and rising raw material costs.