Cadbury Schweppes PLC may be set to ditch Schweppes after hiring investment bankers Goldman Sachs to find a buyer for its European soft drinks business, the Independent on Sunday reported, without citing sources.
The company sold the U.K. rights to the brand to Coca-Cola in the 1990s, and although it sells Schweppes products in the U.S., the business is secondary to the group's other major soft drinks brands -- Dr Pepper, Seven Up and Canada Dry, the paper said.