Food and beverage manufacturer PepsiCo India, on Friday, said that it has appointed Jagrut Kotecha as CEO for PepsiCo India. He will succeed Ahmed El Sheikh, who will take over as CEO for the Middle East Business Unit, in March, after a seven-year stint in India. Currently, Kotecha holds the position of Chief Commercial Officer […]
The Delhi High Court on Tuesday reversed an earlier verdict and ruled in favour of PepsiCo, enabling the firm to claim a patent for the potato type developed solely for its Lay’s potato chips. A division bench overturned a July 2023 judgement that affirmed the termination of the patent by the Protection of Plant Varieties […]
Carrefour, a global supermarket chain with a significant presence in more than 30 countries, has decided to stop selling several PepsiCo products in France, Italy, Spain and Belgium. According to a report by Mauro Orru and Jennifer Maloney, published in The Wall Street Journal, the move comes as a protest against what Carrefour deems as […]
PepsiCo Inc (PEP.O) said on Tuesday its intention to implement “modest” price increases next year, despite several prior hikes. The snacks and beverages giant, home to brands like Mirinda and Gatorade, raised its 2023 profit forecast for the third consecutive time as demand remained resilient. PepsiCo’s move amidst growing concerns that frequent price hikes could […]
PepsiCo India anounced its ‘Partnership of Progress’ with the state of Assam in regard to its first foods manufacturing plant in Nalbari, Assam with an investment of Rs 778 crore (USD 95 Million). Spread over 44.2 acres, the state-of-the-art plant is proposed to be operational in 2025 and aims to provide direct and indirect employment […]
PepsiCo does not intend to change its product portfolio following a report that artificial sweetener aspartame was set to be declared a possible carcinogen, Chief Financial Officer Hugh Johnston told Reuters on Thursday. Aspartame will be listed as “possibly carcinogenic to humans” on July 14 for the first time by the International Agency for Research […]
Tarun Bhagat has been promoted as Chief Marketing Officer, India and South Asia at global beverage giant Pepsico. Bhagat took to LinkedIn to announce his promotion: “I’m excited to announce that I’ll be joining PepsiCo as Chief Marketing Officer, India & South Asia Beverages!” Bhagat was previously the Senior Director of Marketing for Mountain Dew, […]
PepsiCo, said on Thursday that its Indian unit achieved “double-digit organic sales growth” in 2022. PepsiCo noted in its earnings report that it had gained market share in beverage and savoury snack markets, including India. PepsiCo’s net sales in the Africa, Middle East, and South Asia (AMESA) business, which includes India, increased 5.9 percent to […]
The US Federal Trade Commission (FTC) is investigating Coca-Cola Co and PepsiCo for potential price discrimination in the soft drink market, Politico reported on Monday, citing sources. According to the report, both companies’ pricing strategies are being scrutinised under the Robinson-Patman Act. The antitrust laws of the United States prohibit large franchises and chains from […]
In partnership with illustrator, Timea Balo, the design team of Pepsi has curated the collection
