Dr Pepper Snapple, the beverage maker, reported earnings that reflected the closely watched consumer market.
Keurig Green Mountain has attempted to stem the sales slowdown by introducing a cold beverage maker.
The beverage maker is set to vote on the issue at its annual meeting in April.
Danone had already ended a similar joint venture with Bright Dairy & Food, another Chinese beverage maker.
Four years later, Seagram, the Canadian beverage maker, acquired an 80percentt stake in MCA.
Those strategies involved making deals with retailers not unlike the ones "that a beverage maker would make with a supermarket".
He says he's increasing his stakes in companies such as APU JSC, a beverage maker based in Mongolia.
A spokesman for the beverage maker, Peter Land, said in a statement that the company had "constructive meetings" with the hedge fund and called Relational a "respected institution".
Sir Richard will be succeeded by Sir Christopher Hogg, currently the chairman of the Reuters Group, the media conglomerate, and Allied Domecq, the beverage maker, Glaxo said.
Danone is now in a fierce and high-profile legal battle with Wahaha, China's biggest beverage maker, over who controls the joint venture between the two companies.
CHICAGO (AP) — Kraft Foods, the food and beverage maker, said Wednesday that its fourth-quarter profit fell 6percentt, weighed down by record-high dairy prices.
