02 October 2024
02 October 2024
The affected ports collectively handle more than 68% of all containerised exports and 56% of imports for the nation.
The Lay’s brand owner said the deal will “complement PepsiCo's portfolio with the addition of an authentic, Mexican-American brand”.
The business has also slashed profit guidance on costs associated with the plan.
The US snacks giant has taken a minority interest in the doughnuts maker for an undisclosed sum.
CEO Brendan Foley described the third quarter as a “milestone” in volume recovery.
A spokesperson told Just Food there will be “further changes and announcements to come regarding the senior leadership”.
Bread maker Hovis and KTC Edibles currently form part of the portfolio.
The Italy-based business will own 50% of the new venture.
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