Fiji Water, known for shipping plastic bottles of water halfway around the globe, partners with Conservation International. Capri Sun, whose laminated aluminum pouches need special handling to recycle, has a “pouch brigade” that underwrites the collection of its used drinks. (Tagline: Be green, earn green.) There may be no product so environmentally dubious that a well-publicized sustainability program can’t make it more palatable.
The trustee administering $541 million in bonds from Suntech Power Holdings Co. Ltd. sent the solar company a notice of default yesterday as the deadline to redeem the notes passed, a person familiar with the matter said.
Cerberus Capital Management LP’s pursuit of grocery chain Supervalu Inc. has stalled because the private-equity firm has had trouble obtaining the funds for a leveraged buyout, said people familiar with the matter.