PepsiCo and Sichuan Radio, Film and Television Industry Development Co. set up Sichuan Pepsi in 1994 with PepsiCo controlling a 27% stake. But PepsiCo has been alleging for some time that its partner has committed a serious of violations of cooperation contracts and agreements and has “ravaged” cooperation with the group. Last week, the US company took its long-running dispute with Sichuan Pepsi to an international arbitration panel in Stockholm with a view to terminating the joint venture. PepsiCo is also seeking damages for breach of contract.
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