PepsiCo to consider entering alcoholic beverages business
Global Economy
01 October, 2020, 07:40 pm
Last modified: 01 October, 2020, 07:43 pm
"We will make decisions in the coming quarters - whether this is an area where PepsiCo wants to play," Chief Executive Officer Ramon Laguarta said
PepsiCO Logo. Picture: Collected
PepsiCo Inc will consider introducing alcoholic beverages, the company said on Thursday, days after rival Coca-Cola Co decided to launch an alcoholic sparkling water in the United States next year.
"We will make decisions in the coming quarters - whether this is an area where PepsiCo wants to play," Chief Executive Officer Ramon Laguarta said on an analyst call when asked about following Coca-Cola.
Molson Coors Beverage Co said on Tuesday it partnered with Coca-Cola Co to make and sell an alcoholic version of the beverage company's Topo Chico sparkling water.
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