BAHAMAS: Whitman Corp acquires two further Pepsi bottlers
Whitman Corp, PepsiCo's second largest bottler, has acquired stakes in two Caribbean bottlers, a report in the Asian Wall Street Journal claims.
According to the report Whitman has acquired a 30% stake in Pepsi-Cola Bahamas Bottling Co, and a 90% stake in Pepsi-Cola Trinidad Bottling Co.
Both deals are part of Whitman's plan to expand sales and marketing of Pepsi products. Whitman said that it will take over the oversight of all management and operations of both companies with immediate effect.
No financial terms were disclosed but reports state that Whitman plans to invest in upgrading plants and equipment, improving sales and providing employee training.
In the battle of the giants, PepsiCo has stolen a march on Coca-Cola over the last year or so and its performance in the first half of the current fiscal year suggests it is still has the upper hand. ...
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A departing PepsiCo executive is to be handed a US$4.56m package spread over the next two years for his consultancy services....
The Pepsi Bottling Group has signed a letter of intent to acquire Pepsi-Cola Bottling Company of Charlotte (Pepsi Charlotte) for an undisclosed sum....
The Pepsi Bottling Group today reported second quarter net income of US$148m, or diluted earnings per share (EPS) of $0.59. The results were up on the same period last year as the company grew volumes...
Pepsi-Co. has been removed from a Syrian blacklist of companies which have dealings with Israel, according to a report in the official Syrian newspaper al-Thawra....
Pepsi has launched a new 50cl silver-coloured bottle for its Pepsi light soft drink as part of a major advertising campaign to roll out this summer in Spain....
PepsiCo's president and CFO, Indra Nooyi, has been forced to apologise for remarks she made whilst speaking to the 2005 graduating class of Columbia University's Business School in New York City last ...
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