The heirs of Richard Ritchie, the man who developed the formula for Pepsi-Cola in 1931, sued Pepsico Inc. on Friday, saying they wanted to erase any doubt that his documents were theirs to share with historians, collectors and film producers.
Activist shareholder Relational Investors LLC has acquired a roughly $600 million stake in PepsiCo Inc., a move that puts pressure on the food company and its chairman and chief executive, Indra Nooyi.
Tingyi (Cayman Islands) Holding Corp. (322), China's biggest maker of packaged food, said profit rose 61 percent as it booked gains from its alliance with PepsiCo Inc. (PEP) on a provisional basis. Net income increased to $198 million in the first ...
The daughter and son of Richard Ritchie say PepsiCo Inc. (PEP) is interfering with their ability to market or sell the rights of their father's life story and documents detailing his 1931 soda formula.