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Siete Foods officially joins PepsiCo stable of brands
Siete Foods officially joins the PepsiCo stable of brands
PepsiCo (NASDAQ:PEP) closed on its $1.2 billion acquisition of Siete Foods on Friday, in a move that expands its portfolio with an authentic Mexican-American brand. The deal is anticipated to enhance PepsiCo's (NASDAQ:PEP) multicultural offerings and strengthens its position in the better-for-you food segment.
PEPSICO COMPLETES ACQUISITION OF SIETE FOODS
PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has closed the acquisition of Garza Food Ventures LLC, dba Siete Foods ("Siete"), for $1.2 billion.
Siete's $1.2B acquisition by PepsiCo finalized
Siete is officially part of PepsiCo Inc. The global food and beverage company announced plans to acquire Austin-grown Garza Food Ventures LLC, known as Siete, late last year — a $1.2 billion deal that was finalized Jan. 17. It’s unclear if Siete will move its headquarters or continue to be based in Austin.
PepsiCo Acquires Siete Foods For $1.2 Bln
Friday announced that it has closed the acquisition of Siete Foods, a growing brand known for its better-for-you,
PepsiCo acquires Siete Foods for $1.2 billion
This acquisition is a clear indication of PepsiCo (NASDAQ:PEP)'s strategy to adapt and grow within the health-conscious segment of the food industry. The information reported is based on a press release statement from PepsiCo.
PepsiCo, FTC and Walmart
FTC Sues PepsiCo, Alleging It Gave Walmart Unfair Pricing Advantage
The Federal Trade Commission on Friday sued PepsiCo in a last-minute blitz of lawsuits before the end of the Biden administration, alleging that the beverage giant forced many consumers to pay higher prices by giving Walmart unfair pricing advantages.
Pepsi hurt small businesses by giving big-box retailer financial advantages, the FTC claims
The commission alleges that the retailer, whose name was redacted in the statement from commissioners, received “unfair pricing advantages” that were not made available to others.
Pepsi sued by federal regulators for giving Walmart preferential soft-drink pricing
The Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the food and beverage giant gave an unnamed retailer more favorable prices than its competition.
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