May 3, 2012 |
PepsiCo Inc., the maker of Gatorade sports drinks and Tropicana juice, expects its alliance with Tingyi (Cayman Islands) Holding Corp. to lift Chinabeverage volumes from the third quarter. The deal, which was approved byChina'sMinistry of Commerce in March, will see Tingyi's drinks unit become the franchise bottler in China for PepsiCo. The Tingyi unit will partner with current PepsiCo bottlers to make, sell and distribute sodas and Gatorade drinks as the U.S. company invests to narrow the gap withCoca-Cola Co.in the world's second-largest economy.
March 12, 2012 |
PepsiCo Inc., the international food and beverage giant that owns Tropicana, Gatorade, Frito-Lay and other brands, shuffled some of its top management positions in an attempt to create a line of succession behind current chairman and chief executive Indra K. Nooyi. Brian Cornell, recently chief executive of Wal-Mart Stores Inc.'s Sam's Club division, is returning to the fold as chief executive of PepsiCo Americas Food. He's replacing John Compton, who will take on the new position of president of PepsiCo.
March 5, 2012 |
The Center for Science in the Public Interest says its testing has found "high levels" of an animal carcinogen, 4-methylimidazole, in Coca-Cola and Pepsi cola drinks. The chemical is a result of the process used to give the colas -- including the diet versions -- their caramel coloring. But the federal Food and Drug Administration said there is not much to worry about, according to Bloomberg News. Agency spokesman Douglass Karas said Monday in a statement that a human would have to drink more than a thousand cans of the drinks in a day to reach the chemical level shown to cause cancer in rodents. And the American Beverage Assn.
November 23, 2011 |
There's more to Naked Juice than the Monrovia juice company promotes in its advertising, according to a lawsuit filed in Los Angeles County Superior Court. The lawsuit accuses Naked Juice and parent company PepsiCo Inc. of marketing juice products as "all natural" when they actually contain "unnaturally processed and synthetic ingredients. " Those ingredients include zinc oxide, ascorbic acid, cyanocobalamin and others. "Consumers were deceived into believing that the unnatural products were in fact natural substances," but were actually created through "artificial and mechanical means," the lawsuit said.
July 15, 2011 |
In an effort to forestall proposed government regulation of food and beverage products that can be advertised to children, some of the biggest companies in the industry have put forth their own, self-imposed measures. The industry's plan targets a number of food types, including juices, dairy products, grains, soups and meals. It holds companies to limits on the amount of calories, sugar, sodium and saturated fat allowed in foods promoted to children. The self-imposed regulations, announced Thursday, would give companies time to make adjustments.
March 15, 2011 |
It's an environmental as well as a marketing achievement: using 100% agricultural waste to make a top-quality plastic bottle that can then be placed back in the existing recycling system. "It's closing the loop," said Allen Hershkowitz, a senior scientist with the Natural Resources Defense Council. "It's the beginning of the end for petroleum-based plastic bottles. " PepsiCo announced Tuesday that it had "cracked the code," inventing what it calls the world's first plastic bottle made entirely from plant-based, fully renewable resources.