Legal battles brewing between owners of AriZona
Details are emerging about legal disputes that are brewing between the owners of AriZona Beverage Co. The business partnership between John Ferolito and Domenick Vultaggio has turned sour a while ago and the two owners are currently involved in a legal feud. In the past, they have clashed over management styles. The key issue now is the control of the company and the attempted sale of shares to Tata Global Beverages, the world's second-largest tea manufacturer and distributor. AriZona claims a third of the US ready-to-drink tea market and tops the likes of Lipton, Nestea and Snapple. According to court documents, it's annual revenue is nearly $1 billion and it employs approximately 1000 people.