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In 2000, Whitman Corp., a Pepsi bottler, purchased PepsiAmericas and took the acquired company's name. [2] Whitman was founded as the Illinois Central Railroad. [3] It later diversified out of railroads and into Pepsi bottling, going by the names Illinois Central Industries in 1962, IC Industries in 1975 and Whitman Corp. in 1988. [4]
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 ...
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. [7]
The company said it would pay workers for the next 60 days even though they won’t be required to work. PepsiCo said Monday it’s closing a Chicago bottling plant, a move the Teamsters union ...
PepsiCo said Monday it’s closing a Chicago bottling plant, a move the Teamsters union says will impact 150 workers. PepsiCo said the decision was difficult but it described the 60-year-old building as a facility with “physical limitations.” The company said it would pay workers for the next 60 days even though they won’t be required to ...
But recently, the company has left shareholders craving more. With increased competition and loss of market share, many investors wonder if this global snack food and The Biggest Risks Facing PepsiCo
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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 ...