Advertising Age magazine reported in April
In a statement, Chairman-CEO A.G. Lafley characterized the decision as "one of those tough but right choices" to "re-deploy resources and invest in core and new businesses."
Mr. Lafley said P&G remains focused on its billion-dollar Pringles and Folgers brands. In discussions with analysts, he has characterized Folgers as meeting performance goals and Pringles as improving.
Sunny Delight, Punica and Pringles were all part of a proposed 2001 deal that was later abandoned to spin the brands into a joint venture with Coca-Cola Co. juice brands.