date:Feb 14, 2014
s juices and health drinks.
Peltz has been urging the company to spin off the business and focus on its billion-dollar snack brands Lays, Cheetos and Doritos.
Decoupling our beverage and snack businesses in North America would significantly reduce our relevance to our customers, Chief Executive Indra Nooyi said.
Within most of our largest grocery channel customers, we will fall from being the top supplier to a top four or below supplier, and the mass merchant drug channels, we would drop belo