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PepsiCo agrees to pare its US lineup
Mint Mumbai
|December 10, 2025
PepsiCo Inc. reached an agreement with activist investor Elliott Investment Management to reduce its US product lineup by 20% and lower prices, while the company also pares its workforce.
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The moves represent an early agreement with Elliott as the maker of Mountain Dew and Doritos seeks to recapture growth and win back investors. Elliott built up a roughly $4 billion stake earlier this year and clamoured for changes, citing an overly complex portfolio of brands and
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