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?
You can't seem to move at the moment for news of US craft brewers expanding....
Here's a round-up of the top stories on just-drinks last week, featuring Coca-Cola Life, Australian Vintage, Pernod Ricard and BrewDog....
Beer consumption in Germany - already pretty impressive - will undoubtedly have enjoyed a spike following celebrations over the nation's FIFA World Cup win. ...
- A tobacco analogy soft drinks will want to embrace
- PepsiCo to consider more re-franchising - CEO
- Cleaning China's seedier side brings Remy balance
- just The Preview - SABMiller's Q1
- Pernod's Portman Group penalty - a coincidence?
- Diageo's Captain Morgan Facebook ad banned
- Diageo faces public consultation over W&M sale
- William Grant silent on Drambuie bid talk
- Bacardi to fight US football team legal action
- Remy posts Q1 sales drop as Edrington loss bites