PepsiCo

PepsiCo recently announced the closure of two Frito-Lay facilities in Orlando, Florida, resulting in the termination of 500 positions. This decision comes as the food giant aims to address a decline in snack sales. The closure includes a manufacturing plant…

Key Takeaways: PepsiCo has unveiled a new corporate brand identity after 25 years to showcase its diverse global food and beverage portfolio. The updated logo features a white “P” surrounded by symbols representing food and grain, water, and sustainability, with…

Beverage Company Liquid Death Appoints Ricky Khetarpaul as CFO Liquid Death, a beverage company known for its unique marketing approach, has recently announced the appointment of Ricky Khetarpaul as its new Chief Financial Officer. With a background at PepsiCo and…

Key Highlights: PepsiCo has appointed Walmart finance executive Steve Schmitt as its new CFO, effective from Nov. 10. Schmitt, currently the CFO for Walmart U.S., will succeed Jamie Caulfield, PepsiCo’s CFO, who will retire next year after a distinguished 30-year…

PepsiCo has successfully reduced its virgin plastic use by 5% in 2024, surpassing its annual target of 2%, as stated in the 2024 ESG report released on Thursday. This marks the consumer packaged goods company’s first detailed report on its…

Dive Brief: Elliott Investment Management has acquired a stake of approximately $4 billion in PepsiCo, with plans to push for changes at the food and beverage giant. The activist investor has outlined ways in which the company can boost revenue…

Key Points: PepsiCo is increasing its ownership stake in Celsius Holdings as part of a $585 million deal to strengthen its presence in the energy drink category. PepsiCo will acquire convertible preferred stock in Celsius, raising its ownership stake to…

PepsiCo is making changes to its Detroit facility in response to declining consumer demand, resulting in the closure of certain operations. The company will be discontinuing production, maintenance, and transport operations at the beverage facility on Sept. 27, while other…

Summary: PepsiCo is introducing prebiotic versions of its classic soda to attract more consumers to the Pepsi brand. The new sodas, available in traditional Cola and Cherry Vanilla flavors, will be released online this fall and in stores by early…

PepsiCo’s Strategy to Offer Healthier Versions of Popular Brands PepsiCo is making significant changes to some of its popular brands to cater to the growing demand for healthier options. The company plans to introduce versions of Cheetos and other well-known…