PepsiCo (PEP) Extends Its Global Beverage Partnership Through 2036

PepsiCo (NasdaqGS:PEP) renewed its global beverage partnership with Taco Bell through 2036, extending a key fast-food relationship. The extended deal includes collaboration on crafted, functional and energy drinks across the U.S. and selected international markets. PepsiCo is closing its Knoxville, Tennessee bottling plant, with more than 120 roles affected, as it responds to North America beverage pressures. The Taco Bell renewal and Tennessee bottling shutdown only show part of PepsiCo's...