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PepsiCo said Monday it’s closing a Chicago bottling plant, a move the Teamsters union says will impact 150 workers. PepsiCo said the decision was difficult but it described the 60-year-old ...
The company had its origins as Kraft Foods Inc., which was founded in Chicago in 1923. The present enterprise was established in 2012 when Kraft Foods was renamed Mondelez and retained its snack food business, while its North American grocery business was spun off to a new company called Kraft Foods Group , which 3 years later merged with Heinz ...
The company was in auction with two bidders: F. Ross Johnson, the company's president and CEO, and Kohlberg Kravis Roberts, a private equity partnership. The company was sold to KKR in what was then the biggest leveraged buyout in history, described in the book Barbarians at the Gate: The Fall of RJR Nabisco, and a subsequent film.
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.
Here's why the No. 2 company in beverages (and No. 3 in cola) is the No. 1 stock between the two soda icons for you to buy right now. Coca-Cola and PepsiCo are not interchangeable businesses Coca ...
The sale of Nestle Waters North America to One Rock Capital Partners LLC and Metropoulos & Co. was concluded for US$4.3 billion in early April 2021. [18] On April 7, 2021, the company announced that it had changed its name to BlueTriton Brands , a reference to the Greek god Triton .
PepsiCo is also in the Dividend Kings club, having paid and raised its dividend for 52 consecutive years. Today, PepsiCo pays a quarterly dividend of $1.35 per share, equating to a 3% dividend yield.
In 1911, the company created by Peter and Kohler merged with Cailler. [21] Alexandre Cailler (grandson of François-Louis Cailler) had founded a chocolate factory in Broc in 1898, still used by Nestlé today; which enabled the production of milk chocolate on a large scale. In 1929, Peter, Cailler, Kohler, Chocolats Suisses finally merged with ...