International sales have bolstered the second quarter performance of both Coca-Cola and PepsiCo, indicating that there still fizz in the soft drink market.
PepsiCo’s failed attempt to acquire outstanding shares in two of its bottling groups could be heading to court after it filed suit against one of the parties it alleges kept some of its affiliated directors in the dark at recent board meetings.
The two beverage giants Coca-Cola and PepsiCo will be driving their brands forward rather than shrinking back in the years ahead, treating the recession as a period for growth, says beverage analyst James Tonkin.
PepsiCo has tabled a move to purchase two of its largest global bottling companies as part of plans to streamline and strengthen distribution of its products in markets like North America, according to the company.
All natural refrigeration systems in Pepsi-Cola vending machines will be trialed this month in Washington DC, as the company seeks to reduce its environmental footprint.
PepsiCo’s energy efficiency initiatives have resulted in a massive reduction in greenhouse gas emissions, and slashed the firm’s costs by $90m last year alone.
This week, PepsiCo is reportedly India bound to boost its beverage sales, Refresco looks to expand into European juice making and a beer with a Viking heritage comes into trouble over its branding.
This week, PepsiAmericas reports profit success following
developments in emerging markets, Adnams launches a green beer in
the UK, and InnoBev US forum plans to open its doors.
PepsiCo says that its hopes to jump-start its manufacturing
presence in the high growth soft drink markets of Eastern Europe
and Siberia with the acquisition of local group Sobol.
This week, Diageo's Korean operations receive a boost, PepsiCo may
look to improve ingredient sourcing for its Indian operations, and
Cott hopes to maintain shelf space at Wal-Mart's US stores.
PepsiCo is teaming up with the Earth Institute and the H2O Africa
Foundation in a bid to encourage sustainable use of non-industrial
water supplies in developing countries.
In this week's briefs, Coca-Cola Enterprises lifts sale
expectations for the year ahead, the Absolut vodka brand will go
the highest bidder at an upcoming auction, and Pepsi consolidates
its bottling presence in the US.
PepsiCo today announced it will split its
operations into three separate units in a move to better
harness the growth of its snack and beverage businesses.
Pepsi Bottling Group (PBG) has lifted its full year operating
profit guidance by about two percentage points to between 10 per
cent and 11 per cent after revenues rose by eight per cent to
$3.7bn (€2.6bn) during the third quarter.
Pepsi and Unilever are to extend their agreement over distribution
and marketing of the Lipton ready-to-drink tea brand to target a
growing global demand for the products..
Nestle today refused to confirm reports that they had turned down a
merger with PepsiCo last spring, a deal that would have created one
of the largest and most powerful food and beverage companies in the
world.
PepsiCo and several other soft drink manufacturers have agreed to a
settlement in a lawsuit brought against the companies alleging
their products contained cancer-causing benzene.
PepsiCo is to step up its presence in the burgeoning Eastern
European soft drinks market by acquiring an 80 per cent stake in
one of Ukraine's leading juice producers.
Drinks giant PepsiCo is to disclose the caffeine content on cans
and bottles of its flagship soda Pepsi, a move that comes amidst
mounting debate surrounding the substance.
PepsiCo's new wave of healthier soft drinks, including Gatorade and
Aquafina, helped the group to shrug off declines in its trademark
Pepsi cola to increase sales by 13 per cent in the third quarter.
PepsiCo has appointed Indian-born Indra Nooyi to be its new chief
executive, displaying the group's international credentials as it
looks to build on recent success.
Pressure was growing on the soft drink giants early this week after
India's Supreme Court ordered them to reveal every ingredient in
their drinks, following tests that found they were contaminated
with pesticides.
Soft drinks belonging to PepsiCo and Coca-Cola in India were
contaminated with pesticides at an average 24 times higher than the
government's proposed maximum limit, warns a new environmental
group study.
PepsiCo has signed a deal with Ocean Spray to bottle and distribute
single-serve cranberry juice drinks, as the soft drinks firm looks
to expand its offering to health-conscious consumers.
Lawyers have filed a lawsuit against PepsiCo in California,
alleging one of its drinks may contain the cancer-causing chemical
benzene, BeverageDaily.com has learned.
US soft drinks giant Pepsi opened its first research and
development centre outside the US in Shanghai yesterday, signalling
its commitment to the fast-growing Chinese market.
PepsiCo has launched a range of flavoured waters enriched with
vitamins across the US, in a further sign that functional drinks
are pushing their way into the mainstream soft drinks sector.
Emerging markets across Asia, Eastern Europe and Latin America came
good for both PepsiCo and Coca-Cola in 2005, increasing their
importance in the two rivals' growth strategies.
PepsiCo's bottling arm has bought up US functional drinks maker
Ardea Beverage, as the iconic soft drinks firm positions itself for
growth on the functional drinks market.
PepsiCo's successful diversity and faster action on health has
taken it ahead of Coca-Cola in the market for the first time in 112
years, but don't be fooled into thinking Coca-Cola is dead wood.
Energy drinks push their way to the front of PepsiCo's portfolio as
the Gatorade brand drives forward third quarter sales alongside
more growth from diet and non-carbonated drinks, leaving fizzy cola
festering on the shelf.
Soft drinks giant PepsiCo is thought to have asked Cadbury
Schweppes for information on the sale of its European soft drinks
arm, according to a report in the UK's Financial Times.
Consumer health trends and political pressure have pushed America's
soft drinks industry to ban fizzy sodas from elementary schools,
and radically reduce their presence in others, in favour of juice,
water and energy products.
PepsiCo is changing the labeling on two of its fruit-flavored
Tropicana beverages to reflect the fact that they actually contain
little or no fruit juice.
French food and drink giant, Groupe Danone, has acknowledged US
PepsiCo's denial of takeover plans, as the French government
threatens to do everything in its power to stop such a bid from
ever taking place, writes Claire Johnston.
US-based PepsiCo has engaged investment banks Morgan Stanley and
UBS to advise on a possible takeover of Danone, the French bottled
water, yoghurt and biscuits group, according to a report today
inthe Financial Times.
PespiCo has thrust further into Europe's strongly emerging juice
market through German firm Punica as the scramble to get ahead in
healthy soft drinks sector intensifies, reports Chris
Mercer.
Global beverage giant PepsiCo, aiming to push diet drinks to
appease calorie-conscious consumers, will follow arch-rival
Coca-Cola by re-launching its Pepsi One brand with Tate &
Lyle's Splenda sweetener, reports Chris Mercer.
PepsiCo has become the latest company to bow to pressure on the
food industry from the rising tide of obesity, introducing
voluntary restrictions on its advertising to children, according to
an article in today's London-based...
PepsiCo is rolling out its Smart Spot symbol in Canada to help
consumers identify brands that can contribute to healthier
lifestyles. It will appear on an estimated 5 billion servings of
foods and beverages this year.
