PepsiCo, Inc., one of the world’s largest food and beverage companies, has announced a definitive agreement to acquire Siete Foods, a rapidly growing Mexican-American brand, for a staggering $1.2 billion. This acquisition represents a significant move by PepsiCo to diversify and expand its portfolio, particularly in the growing “better-for-you” food market. Siete Foods is renowned […]
PepsiCo, Inc. (NASDAQ: PEP) has unveiled the eight innovative finalists chosen to participate in the second installment of its Greenhouse Accelerator Program: Juntos Crecemos Edition. This initiative aims to nurture high-potential consumer packaged food and beverage brands that embody Hispanic cultural flavors and advocate for sustainability and community engagement. This year’s cohort features a diverse […]
Subway, recognized as one of the globe’s leading restaurant chains, has made headlines with its recent announcement of a 10-year exclusive agreement with PepsiCo. This deal, set to commence on January 1, 2025, will see PepsiCo become the sole supplier of beverages in Subway’s U.S. outlets. Alongside, Subway’s existing partnership with Frito-Lay, a subsidiary of […]
PepsiCo’s convenient foods division, Frito-Lay North America, renowned for its groundbreaking snack innovations like Cheetos Popcorn and Cheetos Mac N’ Cheese, introduces the next big thing in snacking: Cheetos Pretzels. Merging the distinctive cheesy flavor of Cheetos with the classic crunch of pretzels, this new creation promises to redefine the snack aisle. Tina Mahal on […]
PepsiCo India has announced a major investment of INR 778 crore (USD 95 Million) to set up its first food manufacturing plant in Nalbari, Assam. The plant, which will span 44.2 acres, aims to be operational by 2025 and is expected to provide employment for 500 people directly and indirectly. PepsiCo India Announces INR 778 […]
American beverage and snacks firm PepsiCo has launched a new ghost kitchen service for its foodservice partners, thereby expanding its PepsiCo Foodservice Digital Lab. The ghost kitchen platform is expected to help foodservice partners identify growth avenues and allow existing and future PepsiCo foodservice customers to enhance off-premise performance. The offering also enables customers to […]
The Healing Company, an American health and wellness firm, has acquired plant-based superfoods brand Your Super for an undisclosed price. Apart from announcing the deal, The Healing Company said that it has closed a $150 million credit facility given by i80 Group. Your Super, which is based in Los Angeles, had previously raised funds from […]
Pepsi Bottling Ventures (PBV) will invest $35 million in installing a new bottling line at its production facility in Winston-Salem, North Carolina. Construction of the new bottling line is slated to begin next year and is likely to begin operations by the end of 2024. Pepsi Bottling Ventures is a joint venture of Japan-based Suntory […]
American soft drinks giant PepsiCo is set to launch Nitro Pepsi, a nitrogen-infused cola, in the US, in two flavors – Draft Cola and Vanilla Draft Cola. The launch date has been fixed for 28 March 2022 with the new nitrogen-infused cola to be available in newly designed cans in single serve and four-pack varieties. […]
Soft drinks giant PepsiCo said that it has launched its first two digital hubs in North America and Europe, located respectively in Dallas and Barcelona, in its efforts to accelerate digitalization. PepsiCo said that the hubs will centralize skills and development while delivering artificial intelligence (AI), machine learning, and other emerging digital capabilities. The beverage […]