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PepsiCo to Slash Product Line and Cut Prices
Cheddar News
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14 hours ago
PepsiCo said it will cut nearly 20% of its product offerings and lower prices as part of a new plan shaped by activist investor Elliott Investment Management.
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00:00
PepsiCo said it will cut nearly 20% of its product offerings and lower prices as part
00:05
of a new plan shaped by activist investor Elliott Investment Management.
00:09
The company will redirect savings towards marketing and better consumer value while
00:13
expanding new simpler ingredient products like Doritos Protein and Simply Snacks.
00:19
PepsiCo is responding to Elliott's criticism that its North American businesses suffer
00:23
from weak strategy, slowing growth, and declining profitability.
00:27
Elliott said it is confident the company can unlock value as it carries out the overall.
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