The Pom Wonderful LLP v. Tropicana Products, Inc. trial in U.S. District Court in Los Angeles concluded late today when the jury returned a verdict upholding Tropicana’s product labeling and rejecting outright all of POM’s claims against Tropicana, a division of PepsiCo. Additionally, the jury found that POM, which initiated the litigation, has “unclean hands” and has not been dealing fairly with consumers in its labeling. Following other recent decisions in litigation initiated... ...Read more »

The United States Environmental Protection Agency last week awarded PepsiCo a 2010 ENERGY STAR Sustained Excellence Award for its energy efficiency improvements. PepsiCo’s achievements in energy reduction saved the company $90 million in 2008, and the company has introduced new Sustainable Engineering Guidelines for all new construction and major re-engineering projects worldwide.  PepsioCo have designed a new plant which will run almost entirely on renewable fuels and recycled water, and... ...Read more »

PepsiCo announced today that it has completed acquisitions of its two largest bottlers, The Pepsi Bottling Group, Inc, and PepsiAmericas, Inc.  The US$7.8 billion dollar acquisition is intended to streamline PepsiCo’s operations and facilitate faster and more integrated product delivery. In addition to allowing PepsiCo to consolidate its operations, the company hopes to increase product bundling and joint promotions with its many food and beverage product lines, particularly savoury snacks. ... ...Read more »

PepsiCo has confirmed that it is aiming to triple its US$10bn revenues from the healthy drink and food market with the launch of several products. PepsiCo chairman and CEO Indra Nooyi revealed the plan in an interview with the Sunday Telegraph newspaper, published on January 31. The move is part of a strategy to treble the group’s $10bn global healthy food and drinks revenues over a decade, with a focus on its “good for you” ranges. A spokesperson for PepsiCo told just-food: “Right... ...Read more »

Michael White, Vice Chairman and PepsiCo International CEO, will retire from the beverage and snacks maker later this year after nearly two decades with the company.”Close to a year ago, Mike shared with me his interest in eventually moving on to ‘the next chapter’ of his life,” Indra Nooyi, PepsiCo Chairman and CEO, advised. “Since then we have been working together to ensure a smooth and orderly transition. Our current international structure reflects that planning,... ...Read more »

PepsiCo, one of the world’s largest food and beverage manufacturers, has announced an improved takeover offer has been accepted by the Boards of their two largest bottlers. Pepsi Bottling Group and Pepsi Americas, who both operate in Europe, North America and Central America, entered into definitive merger agreements with PepsiCo after initially rejecting the approaches of their major shareholder. This forced PepsiCo to offer just under a quarter more than their initial proposal to reap back... ...Read more »

PepsiCo has continued in its bid to acquire its two US anchor bottlers Pepsi Bottling Group and PepsiAmericas, and remains convinced that there are annual synergies of at least $200 million. After rejections from both bottlers last month, who claim the proposal undervalues their worth, PepsiCo believes there is no justification for the estimates that PBG released yesterday of purported annual synergies of $750 million to $850 million. By way of comparison, PBG previously communicated to PepsiCo that... ...Read more »

Food manufacturers in France are hoping to be the first in Europe to use the high-intensity stevia extract Rebaudioside-A (also known as Reb A and Rebiana), before the rest of continent receives full approval, reported Food Navigator USA. In 2000, the European Commission refused to accept stevia (also known as stevioside) as a novel food or food additive respectively because of a lack of critical scientific reports on stevia and the discrepancies between cited studies with respect to possible toxicological... ...Read more »

PepsiCo announced overnight that it would sue Pepsi Bottling Group (PBG) and some of its directors. The news comes in the wake of PBG, Pepsi’s largest bottler, declining a takeover proposal from PepsiCo. The suit alleges that the defendants intentionally failed to provide notice of a recent PBG Board meeting to the PBG directors affiliated with PepsiCo. At that meeting, the directors in attendance claim to have adopted a “poison pill”, implemented certain new executive compensation... ...Read more »

PepsiCo’s bid to regain control over their distribution in the US has received another blow overnight with bottler Pepsi Americas rejecting their takeover offer. Last month PepsiCo made a takeover proposal to their two largest bottlers, Pepsi Bottling Group (PBG) and Pepsi Americas (PAS), in a move designed to allow them to react quicker to market changes by taking over distribution. The offer has now been rejected by both bottlers, who claim the proposal undervalues their worth. PepsiCo currently... ...Read more »