PepsiCo earnings miss estimates as consumers tighten their budgets
PepsiCo on Thursday reported mixed quarterly results as the struggles of its North American food and beverage divisions offset strong international demand.
Varun Beverages secures 10-year PepsiCo deal, as revenue hits $2.4 billion in Africa
Varun Beverages, which recently commissioned a $20 million snack manufacturing plant in Zimbabwe, is doubling down on Africa’s fast-growing consumer market after signing a fresh 10-year extension of its bottling agreement with PepsiCo following $2.4 billion in annual revenue and a rapid expansion across seven African countries.
Varun Beverages buys iconic SA company for R2.1 billion
Varun Beverages Limited is the parent company of Varun Beverages Zimbabwe, a major PepsiCo franchisee manufacturing and distributing soft drinks and snacks – Pepsi, Mirinda, 7Up, Sting, Lay’s and Doritos – in Zimbabwe.