6/23/2023 0 Comments Orange mango nantucket nectar![]() ^ "Ocean Spray buying big piece of Nantucket Nectars".Every Business Needs an Angel: Getting the Money You Need to Make Your Business Grow. ^ John May Cal Simons (18 December 2001)."Sailing on a Rising Tide of Juice The Almost Accidental Success of Nantucket Nectars". ^ a b c Flaherty, Julie (17 September 1997).Designing and Delivering Superior Customer Value: Concepts, Cases, and Applications. ^ "Nantucket Nectars Harvard Business Case - Harvard Business School".Nantucket Nectars come in a variety of different flavors. In advertisement campaigns including on radio and television, Tom and Tom often refer to themselves as "The Juice Guys". The founders are no longer involved in the day-to-day operations, but still perform marketing duties and voice the radio ads. The brand was owned by Plano, TX-based Dr Pepper Snapple Group and is now owned by Burlington MA based Keurig Dr Pepper. Ocean Spray purchased an 80% stake in Nantucket Nectars in 1997 and then sold to London-based Cadbury Schweppes PLC in 2002. The business then moved to Cambridge, Massachusetts. In 1994, they decided to focus solely on creating and selling their juices. They reported $1 million in sales in 1993, $6 million in 1994, and $15 million in 1995. One of their first big investors was Michael Egan, who was involved in turning around the Alamo Rent a Car business. It was not until later that they decided to call it Nantucket Nectars. Their juice was originally sold for $1 from recycled wine bottles. After successfully re-creating the taste, the two began mixing the juice in a blender, pasteurizing it, and bottling it themselves for sale on their boat. In 1989, First attempted to recreate for a Nantucket cooking competition a peach drink that he drank on a regular basis while on a trip to Spain. After graduation, they headed to Nantucket where they started Allserve, a floating convenience store servicing boats in Nantucket Harbor, delivering everything from newspapers to laundry. Tom First and Tom Scott met at Brown University in 1985. The story of how they grew their brand is the subject of a popular Harvard Business School case study, which was published in 1998 by Jon Biotti, Joseph Lassiter, William A. ![]() The success of "Tom and Tom," as the business duo became known, has become a piece of modern business lore. Now the drinks come in 15.9 fl oz (470 mL) bottles made with 100% recycled plastic (excluding the cap and label). Originally the beverage was sold in 16 fluid-ounce glass bottles with caps that featured information about Nantucket Harbor and the history of Nantucket Nectars. Today the brand is owned by Keurig Dr Pepper and offers drinks in several different flavors. Eventually they began selling juice blends that were originally inspired by a peach nectar Tom First had while on a visit to Spain. Nantucket Nectars is an American beverage company created by Tom First and Tom Scott, which began as a small business selling a variety of items to yachts in Nantucket, Massachusetts. ![]()
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