PepsiCo Expands Health Beverage Portfolio with $1.95B Poppi Acquisition
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PepsiCo has acquired prebiotic soda maker Poppi for $1.95 billion, marking a strategic expansion into functional beverages. The deal comes as Poppi faces legal challenges over health claims, though investor confidence remains high with PepsiCo shares rising 2% following the announcement.
Campbell's Historic Rebrand Drops 'Soup' to Reflect Diverse Portfolio
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The Campbell Soup Company has officially changed its name to 'The Campbell's Company' in a landmark decision reflecting its evolution beyond soup products. This strategic rebranding acknowledges the company's expanded portfolio, which includes popular brands like Goldfish, Pepperidge Farm, and Snyder's of Hanover.