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Pepsi-Cola Products Philippines, Inc. (PCPPI) was established in 1989 as Premier Beverages by Luis Lorenzo, Sr. to acquire the bottling and distribution rights to PepsiCo beverages in the Philippines. In 1997, the Guoco Group acquired Lorenzo's holdings in PCPPI. Under Guoco management, ₱700 million was spent in 1998 to upgrade the facilities ...
Pepsi Number Fever, [1] also known as the 349 incident, [2] was a promotion held by PepsiCo in the Philippines in 1992, which led to riots [3] and the death of at least five people. [ 4 ] A similar promotion ran in Poland in 1995, known as Numeromania , although it did not cause as much controversy.
PepsiCo's businesses in these regions, as of 2015, contributed 10 percent to the company's net revenue worldwide. [66] In 1992, the Pepsi Number Fever marketing campaign in the Philippines accidentally distributed 800,000 winning bottle caps for a 1 million peso grand prize, leading to riots and the deaths of five people. [96]
Perhaps the largest acquisition that set the tone for the company to become a behemoth in the 21t century was the merger with Frito-Lay in 1965, when the company was founded as PepsiCo Inc, and ...
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
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 ...
He was also the owner of the Pepsi Bottlers basketball team in the Philippine Basketball Association, and the chairman and president of Pepsi-Cola Products Philippines, Inc. The Moro Lorenzo Sports Center inside the Ateneo de Manila University is named after him. Lorenzo married Dr. Alicia "Alice" Paez.
As one of the world's 50 most admired companies, according to Fortune magazine, PepsiCo Inc. inhabits a rarefied place within corporate America. And landing a job there is, for many, the ultimate ...