Chairman and CEO, PepsiCo
Appears in 1 story
Leading company restructuring amid activist pressure
For six years, major food companies raised prices relentlessly—snack prices climbed 38% between 2020 and mid-2024. Now they're cutting: PepsiCo announced cuts up to 15% on Lay's, Doritos, Cheetos, Tostitos this week, ahead of the Super Bowl, while General Mills has discounted roughly two-thirds of its North American products.
Updated May 26
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