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In 1935, the shareholders of Loft sued Guth for his 91% stake of Pepsi-Cola Company in the landmark case Guth v. Loft Inc. Loft won the suit and on May 29, 1941, formally absorbed Pepsi into Loft, which was then re-branded as Pepsi-Cola Company that same year. Loft restaurants and candy stores were spun off at this time.
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 ...
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 ...
He said the union may take legal action against the company. PepsiCo said its plans meet “applicable legal requirements” and it will work with the union “Our top priority is to support our employees during this transition, and our commitment to serve Chicagoland remains strong,” PepsiCo said in a statement. 10/28/2024 15:21 -0400
This page was last edited on 14 June 2006, at 20:26 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
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 ...
PepsiCo. American multinational food and beverage corporation. This article is about the company. For the soft drink, see Pepsi.
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]