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PepsiCo began to expand its distribution in Europe in the 1980s, and in 2015 it made up 17 percent of the company's global net revenue. [66] Unlike PepsiCo's Americas business segments, both foods and beverages are manufactured and marketed under one umbrella division in this region, known as PepsiCo Europe.
Yum! was created in 1997 as Tricon Global Restaurants, Inc. from PepsiCo's fast food division as the parent corporation of the KFC, Pizza Hut and Taco Bell restaurant companies. [ 13 ] [ 14 ] The decision was announced in January and the spin off was effected on October 6. [ 15 ]
The Pepsi Bottling Group, Inc. was the world's largest bottler of Pepsi-Cola beverages. PBG sales of Pepsi-Cola beverages accounted for more than one-half of the Pepsi-Cola beverages sold in the United States and Canada and about 40 percent worldwide.
PepsiCo said Wednesday it plans to close four U.S. bottling plants and lay off nearly 400 workers as part of its efforts to streamline its operations. PepsiCo confirmed that closure earlier this week.
The union said PepsiCo violated federal law, which requires employers to give 60 days’ notice of pending plant closures or mass layoffs at locations with 50 or more employees.
PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years.. Like many food companies ...
On March 19, 2024, Subway signed a 10-year deal with PepsiCo that begins on January 1, 2025, ending the restaurant chain's partnership with The Coca-Cola Company that was first signed in 2003 and went into effect in 2005. [45] [46] Subway's international locations had already gone back to serving Pepsi products in 2018. [46]
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.