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Guth used Loft's labs and chemists to reformulate the Pepsi syrup recipe, and he used his position as president of the company to replace Coca-Cola with Pepsi Cola at Loft's shops and restaurants. Guth also used Loft resources to promote Pepsi, and moved the soda company to a location close to Loft's own facilities in New York City. [8]
It was listed on the Johannesburg Stock Exchange ("JSE") in 2008 under the ticker PFG and delisted in 2020 following the acquisition by PepsiCo. [ 4 ] In 2010, Pioneer Foods was fined R195 million by the South African Competition Commission for colluding with other bread producers to raise the price of bread by between 30c and 35c per loaf in 2007.
Over the course of the former PepsiCo CEO’s decade-plus tenure—during which sales grew 80%—Nooyi was named the most powerful women in business by Fortune five years in a row. She stepped ...
Both Coca-Cola and Pepsi can trace their origins back to the 1890s, and the two sodas seemed to be able to peacefully co-exist until nearly a century later. But in the 1980s, the companies began...
PepsiCo set its 2023 organic sales growth to 8.8%, compared to estimates of 8.3%. Earnings for the year are expected to rise 16%. For 2024, the company has outlined another year of double-digit ...
Kendall joined the Pepsi Cola Company in 1947, working at a bottling plant in New Rochelle, New York. After a later stint as a delivery driver, Kendall became a sales representative and rose through the sales ranks becoming a marketing vice president in 1956. He headed up Pepsi's international operation in 1957 and became the CEO in 1963. [1]
PepsiCo. American multinational food and beverage corporation. This article is about the company. For the soft drink, see Pepsi.
On August 3, 2021, PepsiCo announced that they would sell a majority stake in Tropicana, Naked Juice, and other juice brands to PAI Partners for $3.3 billion, to concentrate on their healthy snack foods and zero-calorie beverages. They would retain a 39% stake in the new joint-venture company and have exclusive distribution rights to the brands ...