Robert Besser
17 Mar 2025, 23:12 GMT+10
HARRISON, New York: PepsiCo is on the verge of expanding its portfolio with a major acquisition. The beverage giant is reportedly in advanced talks to purchase Poppi, a healthier soda brand, in a deal exceeding $1.5 billion, Bloomberg News reported on Friday.
According to Bloomberg, the deal could be finalized as early as next week, though negotiations remain fluid and delays are still possible.
Neither PepsiCo nor Poppi immediately responded to requests for comment from Reuters.
If completed, the acquisition would mark another strategic move by PepsiCo to diversify its beverage lineup beyond traditional carbonated sodas. The company has previously invested in or acquired brands like Bubly, Kevita, and SodaStream to cater to evolving consumer preferences.
Get a daily dose of Cleveland Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cleveland Star.
More InformationHARRISON, New York: PepsiCo is on the verge of expanding its portfolio with a major acquisition. The beverage giant is reportedly in...
GOODLETTSVILLE, Tennessee: Dollar General is bracing for a challenging year ahead, forecasting weaker-than-expected sales and profits...
SANTA CLARA, California: Intel's stock soared nearly 15 percent this week following the announcement that former board member Lip-Bu...
DETROIT, Michigan: Volkswagen's decision to scale back production at its Chattanooga, Tennessee plant has sparked backlash from the...
STOCKHOLM, Sweden: Spotify set a new milestone in 2024, paying out US$10 billion in royalties—the highest annual payout to the music...
NEW DELHI, India: Jaguar Land Rover (JLR) has decided against manufacturing electric vehicles at Tata Motors' upcoming $1 billion factory...
SIOUX FALLS, South Dakota: A new South Dakota law banning the use of eminent domain for carbon capture pipelines has cast doubt on...
ABU DHABI, 17th March, 2025 (WAM) -- H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of...
(Photo credit: Erik Williams-Imagn Images) The Chicago Bulls will get a chance to avenge a loss that looks worse as the NBA season...
(Photo credit: David Richard-Imagn Images) Paolo Banchero had 24 points, 11 rebounds and seven assists as the visiting Orlando Magic...
California [USA], March 17 (ANI): British tennis player Jack Draper achieved perhaps the biggest win of his career, beating Holger...
(Photo credit: Mark J. Rebilas-Imagn Images) Time is of the essence for the Sacramento Kings, whose tenuous grasp on a spot in the...