CONSUMER PRODUCTS
Seven-Up-RC Bottling Co. of Southern California Faces Bankruptcy: Four bondholders have filed an involuntary Chapter 11 petition against the Vernon-based bottler for failing to pay $2.1 billion in notes. The company, the nation’s largest bottler of Seven-Up, is burdened with debt taken on in a 1990 management-led buyout from Westinghouse. The bottler is in talks with bondholders to restructure its debt. Meanwhile, Seven-Up bottlers nationwide are meeting in Hawaii this weekend with the brand’s owner, Cadbury Schweppes, to review a new marketing campaign to revive sales. The company may eliminate its familiar red dot.
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