Blog: Not all's fair in love and (cola) war
Olly Wehring | 10 July 2006
It’s pleasing to see that a little honour still exists in today’s dog-eat-dog corporate world.
PepsiCo has won well-deserved praise for its refusal to accept alleged secret information about Coca-Cola, and even told its arch-rival about the plot.
Late last week, it emerged that three people in the US - including a Coke employee - had been charged with fraud along with stealing and selling trade secrets, which included a sample of a new drink being developed by Coke. The trio tried to sell the information in deals worth US$1.5m. Coke learned of the theft and the attempted sale of the “very detailed and confidential information” from Pepsi - and alerted the FBI.
Pepsi could have taken the information and used it to gain an edge over the nearest competitor. After all, the two companies have been in fierce competition for well over a century, a battle that has become all the more intense as consumers shy away of fizzy drinks in favour of healthier beverages.
Admittedly, there may have been a degree of self-interest involved on Pepsi’s part. If Pepsi was caught either accepting the information or not reporting the approach, legal repercussions and/or bad publicity would have landed at the company’s door.
However, it was satisfying to hear that the message from Pepsi was: we play hard - but we play fair.
And let us be clear - there is no end in sight to ‘The Cola Wars’.
Pepsi has been quick to take a swipe at Coke’s launch of Coca-Cola Zero in the UK, embarking on an aggressive ad campaign for Pepsi Max. The campaign’s strapline: “Max Taste, Zero Hype” leaves little doubt that the rivalry is alive and kicking.
Here's a round-up of the top stories on just-drinks last week, featuring Pernod Ricard, soft drinks NPD, the Champagne category and international beer brands....
Heavy metal legend Bruce Dickinson - lead singer of the band Iron Maiden, for the unitiated - is clearly a man not afraid to get his hands dirty. ...
The homebrewing revival continues in the UK - and evidence has come that even the supermarket chains are taking it semi-seriously. ...
Does Pernod Ricard have something to hide? In a press conference after the release of full-year results today, only a quarter of the 100 minutes were given over to questions from journalists....
- Allegro: The shape of things to come at Pernod?
- Pernod Ricard's Allegro cost-saving programme
- Comment - Diageo's Distill Ventures: One Year On
- The End of the Road for International Beer Brands?
- Pernod Ricard's FY Performance by Region, Brand
- Pernod Ricard set for CMO switch
- ASA bans Jägermeister TV ad
- Wine Australia reports death of UK, Europe boss
- Pernod bemoans tough FY as sales, profits drop
- Diageo takes Haig Club to Singapore airport