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

Scotch is great, says Scotch Whisky Association

To support the release of its latest report, entitled ‘The Economic Impact of Scotch Whisky Production in the UK’, trade body The Scotch Whisky Association has released this video, highlighting the si...

NEWS

Hindustan Coca-Cola Beverages to expand Bengali bottling plant

Hindustan Coca-Cola Beverages is to invest INR1.8tn (US$29m) in a new PET line at a plant in West Bengal....

BLOG

At Coca-Cola Co, it's not just the head count that's getting smaller

The Coca-Cola Co is in the middle of a major restructuring plan, affecting jobs around the world. The company is also downsizing its packaging....

BLOG

Polish vodkas prove their worth in Ukraine

One, perhaps minor, consequence of the conflict in Ukraine appears to be a fall in sales of Russian vodka in the country....

just-drinks homepage



Forgot your password?