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PepsiCo steps up its Russia duel with Coca-Cola through a $3.8bn acquisition that also reinforces its hand in eastern Europe and central Asia PepsiCo Inc has established itself as Russia’s largest food-and-beverage business with a $3.8bn takeover of juice and dairy king Wimm-Bill-Dann. The US conglomerate paid a hefty 32% premium over the 30-day average trading price for Wimm-Bill-Dann’s shares to secure a 66% stake in the Russian company. Source
PepsiCo is to create a nutrition business unit to develop new products in a series of food categories. The US food and drink giant said today (7 October) that it has set up a "global nutrition group" to "deliver breakthrough innovation" in fruit and vegetables, grains, dairy and functional foods. Source
DIET COKE AND ASPARTAME
The photo of a crumpled can of Diet Coke told the story in the Atlanta Journal Constitution, Coke's hometown paper. Fitting, poetic, just, but tragic for the company once rated "The Most Admired Business in the World". Today Coke wouldn't even make the list. Sales are down, profits collapsing, and 6,000 employees soon will be gone. To make room for 6,000 defense attorneys? The tragedy is stupendously larger than 6,000 jobs; it affects hundreds of millions of unwarned, innocent, afflicted consumers across the broad face of planet earth. Source.