PepsiCo snaps Chinese online snacks company Be & Cheery for US$705m

CHINA – PepsiCo has entered into a definitive agreement to acquire Hangzhou Haomusi Food, also known as Be & Cheery, one of the largest online snacks companies in China, for US$705 million.   The New […]

PepsiCo reports highest growth rate in four years, lifts revenue to US$67.16bn

USA – The New York headquartered food and beverage giant, PepsiCo reported another solid year after managing to grow its full year revenues by 3.87% to US$67.16 billion. PepsiCo further posted a 4.8% organic growth […]

Competition Commission gives nod to PepsiCo’s takeover of Pioneer Foods

SOUTH AFRICA – The Competition Commission of South Africa has recommended the Competition Tribunal give the green light to the US$1.7 billion (R25.52bn) transaction that will see Simba, a PepsiCo subsidiary take over Pioneer Foods whose […]

Stiff economic environment stagnates Varun Beverages investments in Zimbabwe

ZIMBABWE – Varun Beverages Zimbabwe (Pvt) Limited, the franchise bottler of PepsiCo in Zimbabwe is struggling to recoup its US$50 million investment in the country due to a turbulent economic environment characterised by an acute […]

Ten food and beverage startups join PepsiCo’s accelerator program

USA – PepsiCo has selected ten emerging food and beverage brands that will join its second annual North America Greenhouse program, an initiative aimed at accelerating growth of revolutionary food and beverage brands. According to […]

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 to use 100% renewable electricity for its US operations

USA – PepsiCo has unveiled plans of using 100% renewable energy for its US direct operations this year as part of the company’s progress towards switching to renewable electricity across its global operations. According to […]

Winning with purpose: PepsiCo expands convenient foods and beverage offerings

USA – PepsiCo, the American food and beverage giant behind the Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana brands has popped into the new year with multiple launches across some of its leading food and beverage […]

PepsiCo acquires majority stake in Ethiopian Crisps processing company Senselet

ETHIOPIA – PepsiCo, one of the world’s leading food and beverage companies has acquired majority stake in Senselet Food Processing Plc in Ethiopia from Veris Investments, a growing and influential investment company, who will maintain […]

PepsiCo to acquire US better-for-you snacks maker BFY Brands

USA – PepsiCo has entered into an agreement to acquire PopCorners and Rice Rounds snacks maker BFY Brands as the company seeks to expand its snacking portfolio. BFY produces the better-for-you snacks at it manufacturing […]