PepsiCo and Tata Global Beverages to review their Indian joint venture

INDIA – Tata Global Beverages and PepsiCo India have agreed to review the terms of their agreement in NourishCo Beverages, a joint venture the two companies formed a decade ago, reports ET Retail. The review […]

PepsiCo India to set up business services hub in expansion strategy

INDIA – PepsiCo India will be investing in a new business services hub in Hyderabad, India that will serve a variety of the companies business function including human resource, supply chain and operations. Sitting on […]

Varun Beverages to acquire controlling stake in bottle caps maker Lunarmech

INDIA – Varun Beverages, the PepsiCo bottler in India has agreed to acquire an additional 20% stake in pet bottle caps and crown caps maker Lunarmech Technologies for ₹15 crore (US$2.1 million). The transaction will […]

PepsiCo plans US$74.4m investment in new snacks manufacturing facility in India

INDIA – PepsiCo India has unveiled plans of investing US$74.4 million (INR 5.14 billion) over the next three years to construct a new snacks manufacturing plant in Uttar Pradesh, India. The producer of Lay’s, Cheetos, […]

Varun Beverages gets CCI approval to acquire PepsiCo’s franchise rights in India

INDIA – The Competition Commission of India (CCI) has approved the acquisition of PepsiCo India’s franchise rights of the foods and snacks major in southern and western India by its bottling partner Varun Beverages Ltd […]

Board approves Varun Beverages Plans to acquire PepsiCo franchise rights in India

INDIA – Varun Beverages Limited (VBL), the bottling partner of PepsiCo India, said its board has approved its plans to acquire franchise rights of the beverage and snacks in India’s South and West regions. VBL’s […]

PepsiCo to invest US$5m by 2020 in India’s agricultural sector

INDIA – Food and beverages company, PepsiCo is planning to invest US$5 million in India to expand its agricultural programmes in India by 2020. According to ET Retail, the company currently works with 24,000 farmers […]

Cost-efficiency measures pull PepsiCo India back to profitability

INDIA – Snacks and beverage major PepsiCo India has reported US$25.89 million net profit for the year 2017/18 after seven years of making losses, reports ET Retail. PepsiCo’s return to profitability since 2011 was attributed […]

PepsiCo India launches new Kurkure snack variants to tap local market

ASIA – PepsiCo India’s salty snacks division has launched new variants of Twistkeen under its popular brand Kurkure to build its presence in the local space, an ET Retail report notes. Developed in line with […]