Inside PepsiCo’s beverage overhaul: a Gatorade reboot, the $2 billion Poppi buy, and a gut-health play, all under activist scrutiny
NegativeFinancial Markets

PepsiCo is facing significant pressure from activist investor Elliott Management, which has taken a $4 billion stake in the company and labeled it a 'dramatic underperformer.' This scrutiny comes as PepsiCo embarks on a major overhaul of its beverage lineup, including a reboot of Gatorade and a $2 billion acquisition of Poppi, a brand focused on gut health. The changes are crucial for PepsiCo to regain investor confidence and improve its market performance.
— Curated by the World Pulse Now AI Editorial System