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PepsiCo is the second-largest food and beverage business in the world based on net revenue, profit, and market capitalization, behind Nestlé. In 2023, the company's seat in Forbes Global 2000 was 82. PepsiCo's flagship product, Pepsi Cola has been engaged in a rivalry for generations with Coca-Cola; it is commonly referred to as the cola wars ...
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 ...
Coca-Cola Nestlé Refreshments Company S.A. was a 50:50 subsidiary between The Coca-Cola Company and Nestlé, initially established in 1991. [2] In 1994, "disputes arose over distributors and distribution channels, top management compensation policies, a shift in focus from Nescafe to Nestea, etc." and the joint venture was temporarily slashed until it re-launched in 2001 as Beverage Partners ...
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 ...
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.
Neither company prioritizes big stock buybacks -- they route most of their free cash flow into dividends instead. Coca-Cola has raised its dividend for 62 consecutive years, while PepsiCo has ...
Here's what PepsiCo reported, compared to what Wall Street expected, per Bloomberg consensus data: Adjusted earnings per share: $2.31, versus $2.30 expected Revenue: $23.3 billion, compared to $23 ...
The headquarters of Tropicana Products are in Chicago, Illinois. PepsiCo, the parent company of Tropicana, planned to begin moving Tropicana employees into its existing Chicago facility in the first quarter of 2004. PepsiCo moved Tropicana into Chicago so all of its juice brands would be consolidated into one Chicago-based unit. [37]