Blog: Buffett cuts through bluster to lend PepsiCo support
Andy Morton | 16 October 2013
The past couple of months have seen much talk over Nelson Peltz's manoeuvrings to pressure PepsiCo into paring off its beverage units into a stand-alone company ahead of a possible sell off.
However, cutting through all the noise that has surrounded the issue - and indirectly lending support to Nooyi's cause - was the ever-reliable Warren Buffett. In an interview with CNBC today, the legendary investor simply said that, if he was running PepsiCo, he would keep both snacks and beverages, as “one of them is a terrific business (snacks) and the other is a perfectly good business (drinks)”.
Who says business is complicated?
We had some technical problems with the just-drinks site yesterday....
No self-respecting rapper is without some affiliation to a booze brand. Vodka is de rigueur, thanks to P Diddy and his tie-up with Diageo and Ciroc. ...
Is this the true breakfast of champions?...
- Pernod Ricard's FY Performance by Region, Brand
- Why consumers don't care about vodka's provenance
- Japan follows in Scotch whisky's footsteps
- Brown-Forman's Q1 Performance by Region, Brand
- Battle continues for Pernod Ricard in US and China
- Diageo launches glass Bulleit & Cola bottles
- Pernod Ricard "in line" after full-year results
- Bruno Mars rum rolls out across US
- Brown-Forman CEO unfazed by FX headwinds
- Amazon adds alcohol to one-hour delivery service
- Global gin insights - market data, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research