Pepsi Invests In Mexican Food Business

US food and drink giant PepsiCo has announced plans to invest up to US$3bn in Mexico over the next few years. The firm has said that around US$2bn is earmarked for expanding its food business while the remaining U$1bn will go towards marketing and advertising its portfolio of drinks. This increased focus on the food business can be viewed in light of the growing maturity of the carbonated soft drink (CSD) sector, which has been heavily impacted by rising health

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