Pepsi releases J-Cola soft drink range for the Japanese market

JAPAN – Suntory, a Japanese brewing and distilling company group and Pepsi have announced that they will release a cola drink exclusively for the Japanese market called J-Cola. According to Foodbev, new flavours will be available as part of the new range, including a Regular cola drink, a zero calorie variant aptly named Zero and…

PepsiCo to reduce sodium content in snacks in India

INDIA- PepsiCo will reduce salt content in Kurkure, its flagship snacks brand, in line with its global nutrition objectives. The first low-salt Kurkure packs have been recently rolled out, PepsiCo VP (snacks) Jagrut Kotecha said. “As per our performance with purpose agenda, we are working to improve our snack products through a stepwise reduction approach. In…

Varun Beverages begins Pepsi production in Zimbabwe

ZIMBABWE - Indian soft drinks manufacturer, Varun Beverages, has started manufacturing operations in the country, but says the cost of setting up its plant might spiral from the initial budget of $30 million to about $40 million due to foreign currency shortages. Most companies in Zimbabwe are struggling to procure to foreign currency to import…

Beverage giant PepsiCo draws up plan to take on local beverage players

INDIA - Under pressure from small regional beverage players that have been snapping at the heels of large MNCs, PepsiCo India has lined up around seven new fizzy drinks under its Slice brand to lure consumers. Apart from mainstream flavours such as lemon and orange, the company is betting on ethnic favourites like guava chili…

PepsiCo open to refranchising across the World: CEO

INDIA - Beverage and snacks maker PepsiCo's chief executive Indra Nooyi said Tuesday in a post-earnings investors call that wherever the company ‘finds a good bottler which can run the business better than PepsiCo, the company will refranchise’. She was responding to an analyst query on whether the company would refranchise its bottling operations further…

RJ Corp keen to acquire more of PepsiCo India’s bottling operations

INDIA - Ravi Jaipuria, the promoter of RJ Corp, is keen to acquire PepsiCo’s bottling operations in India that his group doesn’t already own. “Whether PepsiCo wants to give us more is a call they have to take. We are keen. But it depends on them,” Jaipuria, promoter of the $1.6-billion diversified RJ Corp, said…

Seven-Up Minority shareholders agree to firm’s sale

NIGERIA - Minority shareholders of Seven-Up Bottling Company Plc on Thursday 11th January 2018 voted to sell their shares to the majority shareholder, Affelka S.A. for ₦21.4bn ($66.5 million). At a Court-Ordered Meeting in Lagos, shareholders approved the scheme of arrangement for the buyout. With the transfer of 26.8% minority shares to Affelka, the firm’s…

PepsiCo appoints Mike Spanos as new Chief Executive Officer, Asia

ASIA - PepsiCo, Inc. has announced that Mike Spanos, currently President, PepsiCo Greater China Region, will become Chief Executive Officer, Asia, Middle East and North Africa (AMENA), effective January 1, 2018. Following the changes, Sanjeev Chadha, who is currently Chief Executive Officer of AMENA, will become Chairman of AMENA through the end of Q1 2018.…

Foreign investors buy out Nigerian shareholders in Seven-Up

NIGERIA - Seven-Up Bottling Company Plc has received an offer from its majority shareholder, Affelka, a privately-owned Lebanese firm, to buy out the minority shareholders for N19.33 billion ($60 million). Seven-Up said in a notice to the Nigerian Stock Exchange, NSE, yesterday that Affelka has offered to buy all the outstanding and issued shares of Seven-Up that…

Local rivals eat into market share of Coca-Cola, PepsiCo

INDIA - Coca-Cola and Pepsi have been losing share to local rivals, including Parle, Dabur and ITC, in the aerated-beverages segment even as the global soft-drink giants introduced more fruit-based and healthier products to reduce their reliance on sugary sodas. In the overall juices, nectars and still drinks, the share of Coca-Cola’s largest fruit-based brand…