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                                                                    EXHIBIT 99.2

                                                           FOR IMMEDIATE RELEASE

                     COTT COMPLETES ROYAL CROWN ACQUISITION;

                        ANNOUNCES MANAGEMENT APPOINTMENTS

                        (All information in U.S. dollars)


TORONTO July 23, 2001: Cott Corporation (NASDAQ:COTT; TSE:BCB) today announced
it has completed its acquisition of certain Royal Crown assets from Cadbury
Schweppes plc (LSE:CBRY; NYSE:CSG) for approximately $94 million. At the same
time, Cott named two senior executives, Paul Richardson and Neil Thompson, who
will lead the integration and management teams for the expanded business.

"With Paul and Neil as key leaders, I am confident that the RC acquisition will
prove to be a hallmark success," said Frank E. Weise, Cott's president and chief
executive officer. "This is an important milestone for Cott. We now move forward
as a fully integrated beverage Company -- from creating consumer-preferred
formulas and making quality concentrates, to operating production plants and
providing the highest levels of customer service at each point."

With this acquisition, Cott gains control of its retailer brand concentrate
contract and formulas as well as proprietary technology, a concentrate
manufacturing facility and the RC International business. The transaction was
announced on June 13, 2001.

This is the second strategic acquisition for Cott in the last nine months. In
October 2000, Cott acquired the private label soft drink and Vintage(TM) brand
seltzer water assets of Concord Beverage, providing the Company with a solid
base of new customers in the Northeast U.S. market and increased market share.

MANAGEMENT APPOINTMENTS

To capitalize on the opportunities that Weise foresees, the Company has
announced that two corporate officers will assume key executive roles, effective
immediately. Paul Richardson, executive vice president, Global Procurement and
Innovation will add responsibility for the Company's worldwide manufacturing and
supply of concentrates; Neil Thompson, currently executive vice president and
managing director for Cott U.K and Europe, will now also be responsible for RC
International. Both Richardson, located in Tampa FL, and Thompson, in Kegworth
U.K., will continue to report to Weise.

"These appointments reflect the confidence that our customers and employees have
for both Paul and Neil," added Weise. "Over the last three years, each has been
a forceful contributor in turning the Company around. Their experience and
passion for our customers will strengthen the leadership position that Cott
enjoys in our industry."

                                      * * *

ABOUT COTT CORPORATION

Cott Corporation is the world's largest retailer brand soft drink supplier, with
the leading take home carbonated soft drink market shares in this segment in its
core markets of the U.S., Canada and the U.K.


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                                                           FOR IMMEDIATE RELEASE

SAFE HARBOR STATEMENTS

This press release contains forward-looking statements reflecting management's
current expectations regarding future results of operations, economic
performance, financial condition and achievements of the Company.
Forward-looking statements, specifically those concerning future performance,
are subject to certain risks and uncertainties, and actual results may differ
materially. These risks and uncertainties are detailed from time to time in the
Company's filings with the appropriate securities commissions, and include,
without limitation, stability of procurement costs for raw and packaging
materials, competitive activities by national, regional and retailer brand
beverage manufacturers, the Company's ability to integrate acquired business
into its operations, fluctuations in currency versus the U.S. dollar, the
uncertainties of litigation, and retailers' continued commitment to their
retailer brand beverage programs. The foregoing list of factors is not
exhaustive.

COTT CORPORATION CONTACTS:
Media Relations:
Rod Jimenez      (416)203-5606

Investor Relations:
Edmund O'Keeffe  (416)203-5617