Blog: Andy MortonBuffett 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. 

Management has so far resisted the pressure, and today (16 October), as the company announced its year-to-date results, PepsiCo CEO Indra Nooyi made no mention of Peltz or any beverage break-up.

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?

Sectors: Soft drinks

Companies: PepsiCo

BLOG

The just-drinks Weekly Round-Up

Here's a round-up of the top stories on just-drinks last week, featuring William Grant & Sons, the Southern hemisphere's winemakers, SABMiller and Heineken, and Coke Light....

BLOG

No small beer for world-record breaking German waiter

How many beer mugs can one man carry? ...

BLOG

The just-drinks Weekly Round-Up

Here's a round-up of the top stories on just-drinks last week, featuring Pernod Ricard, The Coca-Cola Co, SABMiller's new Scotch whisky and Santa Rita Estates....

NEWS

US: Coca-Cola Co relaunches Surge in Amazon tie-up - video

The Coca-Cola Co is relaunching its citrus-flavoured CSD brand, Surge, in the US 12 years after it was pulled from the market. ...

just-drinks homepage



Forgot your password?