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[32] [33] The purchase was completed in December 2018 as part of a strategic plan to steer Pepsi toward offering healthier products. [34] [35] [36] In 2019, PepsiCo sued four small farmers in India US$142,000 each for growing a type of potato it says it owns. [37] [38] Pepsi said they would end the suit if the farmers grew potatoes for them. [38]
Yum! was founded as Tricon Global Restaurants after PepsiCo finalized the split. In 2002, they took their current name after they merged with Yorkshire Global Restaurants, which at the time was the parent company of A&W, who also spun off an international branch .
Pepsi is a carbonated soft drink with a cola flavor, manufactured by PepsiCo.In 2023, Pepsi was the second most valuable soft drink brand worldwide behind Coca-Cola; [1] the two share a long-standing rivalry in what has been called the "cola wars".
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PepsiCo Inc (NASDAQ:PEP) shares are trading lower after the company reported mixed third-quarter results and lowered its 2024 organic revenue guidance. The company reported a third-quarter net ...
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The Quaker Oats Company's ownership of Gatorade was a lucrative move for PepsiCo, since Gatorade was responsible for 80% of sports drink sales at the time. [29] Similar to the Tropicana acquisition, this strategic move gave PepsiCo leverage against Coca-Cola, owner of Powerade – second in the sports drink segment. [30]
Pepsi Bottling Group was based in Somers, New York. On August 4, 2009, The Pepsi Bottling Group and another major Pepsi bottler, PepsiAmericas, were purchased by PepsiCo, headquartered in Purchase, New York. [3] The purchases were completed on February 26, 2010, forming a wholly owned PepsiCo subsidiary, the Pepsi Beverages Company (PBC).