PepsiCo, Inc. (PEP) has announced the launch of its new reduced calorie beverage called Pepsi True, which will start selling by mid-October, initially through the e-commerce channel Amazon.com, Inc. (AMZN), before being rolled out on a massive scale.
NEW DELHI: Cans of Coca-Cola brands have hit a high of Rs 100 in Coke-exclusive mid-tier mass restaurants such as McDonald's and Haldiram's. The same cans are available for Rs 30 in retail stores. The prices have risen from Rs 60 to Rs 100 this summer, and all stores are now charging Rs 100 since the past fortnight. All the prices are printed on the cans. Trade insiders said the restaurants are charging a mark-up of over Rs 50 now on the cans to take advantage of peak summer.
Coca-Cola Enterprises Inc. (CCE), the world's largest marketer, producer, and distributor of Coca-Cola products and the anchor bottler for North America and Western Europe, has upgraded its earnings per share ((EPS)) guidance.
NEW DELHI: Beverages maker Coca-Cola has let go of 65 employees at bottling unit Hindustan Coca-Cola Beverages (HCCB) through a voluntary retirement scheme (VRS), even as it suspended operations at five plants citing flagging demand. The company is also exploring options to sell the company-owned bottling business. An HCCB spokesperson confirmed the development. These five factories employed 390 people and half of them are still on the rolls of the company and have yet to make a decision.