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PepsiCo, Inc. |
Also found in: Wikipedia | 0.13 sec. |
PepsiCo, Inc.U.S. conglomerate. The soft drink Pepsi-Cola was created by a pharmacist, Caleb D. Bradham, who gave his tonic its name (from Greek pepsis, “digestion”) in 1898 and incorporated the Pepsi-Cola Co. in 1902. After two bankruptcies and several reincorporations, the Pepsi-Cola trademark and assets were bought in 1931 by Charles G. Guth, who improved the formula and marketed a 12-ounce bottle for five cents with huge success. Pepsi-Cola merged with the soda-fountain chain Loft, Inc., in 1941, and in 1965 it merged with Frito-Lay, Inc., adopting its current name, PepsiCo, Inc. In the 1970s and '80s PepsiCo bought restaurant chains such as Pizza Hut, Taco Bell, and Kentucky Fried Chicken, but in 1997 it spun off its restaurant business into a separate company, Tricon Global Restaurants. In 2001 the Quaker Oats Co. merged with PepsiCo. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| In our July 2005 cover story "30 Best Companies For Diversity," the profile of PepsiCo incorrectly indicated that total purchasing by the company was $100 billion. The KFC, Pizza Hut and Taco Bell restaurant chains were spun off after trading ended Monday by longtime owner Pepsico Inc. John Flaherty, vice-president and general auditor for PepsiCo Inc. |
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