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...Consumers purchased fewer of Pepsi’s beverages and snacks in 2023, with volumes declining 1 per cent and 2 per cent, respectively....
...PepsiCo products may not be on Carrefour shelves right now but shoppers might find similar snacks under the supermarket chain’s own label close to signage denouncing the US company’s “unacceptable” price...
...The snacks and beverages company said it expects 4 per cent organic revenue growth in 2024, missing analyst expectations for 6 per cent growth and well below the 9.5 per cent growth of 2023....
...Pepsi shares are already down 15 per cent for the year....
...🤠 HMRC v Premier Foods Ltd (2007) is an epochally important case that considered whether a fruit bar was confectionery....
...Shares in other food and beverage companies — including Pepsi, Coca-Cola, Mondelez International and McDonald’s — are down about half that over the same period. Valuations have slimmed down too....
...At a Fortune event earlier this week, Pepsi chief executive Ramon Laguarta touted the company’s commitment to reducing plastic waste....
...Top sectors include food and beverage, consumer goods and pharmaceuticals, produced by Pepsi, Mars and Mondelez. Unilever plans to stay so that it can better look after its local workforce....
...“Diet cola drinkers in the US told us they wanted aspartame-free Diet Pepsi and we’re delivering,” said Seth Kaufman, senior vice-president of the company’s Pepsi and flavours portfolio at the time....
...This month, Coca-Cola and PepsiCo came under scrutiny when the sweetener aspartame, commonly found in low-calorie carbonated beverages like Diet Coke and Diet Pepsi, was classified as “possibly carcinogenic...
...They later bought and lucratively sold the Snapple beverage business. Together with his son-in-law Ed Garden, Peltz founded Trian in 2005....
...In 2015, PepsiCo removed aspartame from Diet Pepsi and replaced it with stevia following consumer concerns over its effects, and after a steady fall in sales of the diet drink....
...Both approaches can work: Coca-Cola and PepsiCo remain close competitors, and Apple and Microsoft are among the world’s most valuable companies. There is room for diversity in business strategy....
...The recent promotion of Makiko Ono to CEO of Suntory Beverage and Food, the soft drinks company under the Suntory Group, known for its Jim Beam and Yamazaki whiskies, marked the arrival of the first woman...
...“If we don’t have Coke, we will give you Pepsi,” he said. Additional reporting by Nian Liu and Emma Zhou in Beijing...
...The company had previously guided to organic revenue growth of 6 per cent....
...Coke said it was “suspending its business” in Russia shortly before Pepsi, the beverages and snacks group, announced it would suspend the production and sale of drinks brands including Pepsi while maintaining...
...Pepsi will no longer sell sodas but will continue to sell “daily essentials” like milk and baby food. Suspending or cutting back services makes business sense....
...by Pepsi, Fanta and Sprite....
...For a cash-strapped theatre company they can represent a vital revenue stream....
...Martin Murray wanted to disrupt the global beverage industry with Waterdrop, the company he established in 2015....
...After its rival’s announcement, PepsiCo followed suit and said it would suspend the sale of Pepsi soda and other beverages in Russia....
...Jim Andrew, chief sustainability officer at PepsiCo, said the company was pushing ahead with goals including moving “key Pepsi-branded products” in 11 European markets to 100 per cent recycled plastic this...
...PepsiCo raised its earnings forecast for the full year, as people returning to restaurants and cinemas boosted sales of the company’s sodas....
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