Billionaire Mukesh Ambani’s Reliance relaunched the 50-year-old iconic beverage brand Campa Cola in a new contemporary avatar as it looks to ramp up its consumer goods offering to take on competition from Adani, ITC and Unilever.
In January this year, Reliance Consumer Products Ltd, the fast-moving consumer goods arm of Reliance Retail, acquired a 50 per cent stake in Gujarat-based carbonated soft drinks and juice maker Sosyo Hajoori Beverages Pvt Ltd. It had previously acquired the Campa brand from Pure Drinks group for a reported Rs 22 crore.
Now it has re-launched the Campa brand of beverages.
“The Campa portfolio will initially include Campa Cola, Campa Lemon and Campa Orange in the sparkling beverage category,” the company said in a statement, adding the cold beverage portfolio will initially be available in Andhra Pradesh and Telangana and will be rolled out across the country in stages.
Campa-Cola was a popular soft drink brand in the 1970s and 1980s but fizzed out with the entry of Coca-Cola and PepsiCo.
Pure Drinks Group was the sole distributor of Coca-Cola in India from 1949 to the 1970s. It launched its own brand Campa Cola in the 1970s, and soon became the market leader in the soft drinks segment. Later on, it introduced Campa Orange, an orange-flavoured aerated drink.
The firm, which had two bottling plants in Mumbai and Delhi, promoted the beverages with the slogan ‘The Great Indian Taste’ but lost business in the 1990s with the opening up of the economy.
Reliance Consumer Products Ltd (RCPL), the statement said, is bringing “back ‘The Great Indian Taste’ with Campa”.
The re-launch of Campa is part of Ambani’s bid to accelerate penetration into the nation’s rapidly growing consumer goods market with Reliance’s versions of the products, ranging from soap and shampoo to cookies and cola.
Reliance Retail runs the country’s largest network of brick-and-mortar stores with around 17,225 sites, selling everything from groceries to electronics.
It already owns about two dozen consumer goods brands, including the Good Life and Best Farms ranges of staple foods such as rice and other grains, Snac Tac snacks, Glimmer cosmetics, Yeah! fizzy drinks and fruit juice label Sosyo.
Jio to buy Mimosa
Jio Platforms, the digital arm of Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million as it looks to bolster its 5G telecom and broadband services.
Radisys Corporation, a subsidiary of Jio Platforms, signed a definitive agreement with US-based Airspan Networks Holdings for the acquisition of “Mimosa Networks for $60 million on a debt-free, cash-free basis,” the companies said in a statement.