Leading US analysts believe that major shareholders are pushing for a PepsiCo split that could happen sooner rather than later, and said the firm could spin-out or sell its Americas Beverages or American snacks businesses.
PepsiCo is facing another class action lawsuit in California – this time accusing it of making a nutrient content claim (0 grams trans fat) on Frito-Lay snacks, without adhering to the legal conditions of use for such claims.
PepsiCo’s snacks business Frito-Lay has again been accused of deceiving consumers in a second lawsuit by making all-natural claims on its products which also contain genetically modified corn and vegetable oils.
After banking on the cola as the main driver of its growth in India for two decades, PepsiCo is changing focus to push more healthy foods in the market, chief amongst which is Quaker oats, its breakfast cereal product.
PepsiCo has created a global snacks group to drive marketing and innovation for the entire group and has formed a council to draw on synergies between its beverage and snacks businesses in North, South and Central America.
Vancouver-based sustainable packaging develop Pakit has announced that it is working with PepsiCo to develop its technology, which turns cellulose fibre from a range of plant materials into moulded board.
Technology to extract water from potatoes for reuse in processing will go some way to helping PepsiCo UK and Ireland achieve its pledge of unplugging its largest sites from the water mains by 2018, said the snack maker in a new report.
Walkers Snack Foods has revised its chemical delivery policy following on from a 2006 incident which resulted in a delivery truck driver being killed from toxic gas and the food manufacturer and chemical distribution company Omnichem being fined a total...
Snack maker Frito Lay has reverted to the original non-biodegradable material for five of its six SunChips brand bags after consumer feedback indicated its new 100 per cent plant-based polylactic acid (PLA) packaging was too noisy.
Packaging waste derived from snack goods like potato chip packets may provide manufacturers with versatile new ways to cut their environmental impacts by using the materials in bags, pencil cases and even building products, says one US-based group.
Further signs that snack makers are delving deeper into green packaging initiatives with US behemoth PepsiCo attesting that by 2010 its SunChips brand will boast a 100 per cent compostable bag made from plant-based materials.
Industry continues to slice salt levels from formulations with Walkers crisps, part of PepsiCo, announcing they will cut salt levels across Walkers crisps, Baked and Sensations brands by 10 per cent in 2009.
PepsiCo and Strauss Group have completed their joint venture
partnership to operate fresh dips maker Sabra, a move that confirms
both companies' plans to extend their presence in the growing
healthy Mediterranean foods market.
Beverage and snack company PepsiCo last week posted a 10.3 per cent
increase in operating profit for the tax year ending 30 December
2007, but higher overall costs led to a slight decrease in
margins for the group.
Following a £15m (€22.2m) investment in research and development at
the company, UK crisp giant Walkers has launched a new 'healthier'
range to attract snack-loving consumers worried about their
Snack firm Frito Lay is to face a law suit for deceptively
marketing its 'Light' potato chip range in order to trick consumers
into believing the products do not contain the controversial fat
substitute olestra, said the...