US: PepsiCo renews Panda Restaurant deal

By | 12 August 2008

PepsiCo has renewed its contract with Panda Restaurant Group, making the soft drinks giant the exclusive beverage supplier in all 1,100 Panda locations in the US.

As part of the agreement, Panda Express will continue to carry carbonated and non-carbonated products in both fountain and 20 oz bottle formats, including Pepsi, Diet Pepsi, Sierra Mist, Mountain Dew, Aquafina, Lipton, Dole, Tropicana and SoBe.  The deal marks the continuation of a partnership that has spanned the past 20 years.

"Our renewed partnership with Pepsi is a critical component for our national expansion," said Tom Davin, president and CEO of Panda Restaurant Group. "Pepsi's values align with Panda and they have a tremendous group of leaders who support our restaurant operators with a world class portfolio of brands."

"We are honoured to be one of Panda's strategic partners," said Chris Furman, president of PepsiCo Foodservice. "We look forward to building upon our long-standing partnership and playing a key role in their continued success."

Sectors: Soft drinks, Water

Companies: PepsiCo, Tropicana

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