A new conversation for business.
According to the Wall Street Journal, PepsiCo's dependence on junk food for the bulk of its sales was a primary factor in derailing Nestle's intent to merge with the company. Nestle manufactures a fair amount of junk food too, but is not as dependent on soda and chips as a cornerstone of its business and feared that taking on such things would undermine their stated mission as a "healthful" company. Given the rising interest in eating more healthy around the globe, this probably makes good business sense too.
Of course, this leaves Pepsi holding the bag of chips...
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