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

Heineken brings commercial know-how to new recruitment drive

Heineken is known for its flashy adverts. Now the brewer has given the star treatment to a new recruitment drive with a glamorous and highly-persuasive ad that, quite frankly, had the staff here at...

BLOG

Queues are forming for latest (Jim Beam) Apple product

Move over iPhone 7 headphones-gate, there is a new Apple product causing a stir. Or a shake. Or just a shot....

ANALYSIS

Experienced hands hold firm at Coca-Cola European Partners - Analysis

It was a bruising first results announcement for management at the newly-formed Coca-Cola European Partners....

BLOG

Bacardi's ice cube of information

I was full of questions yesterday when reading our news story about Bacardi's Martini Smart Cube. An ice cube-shaped device that can provide real-time information about its consumer? How? What? Why? H...

just-drinks homepage



Forgot your password?