Monday, May 28th, 2018

Pepsico Acquires a Healthy Snack Company
Company Press Release

The company announced last Friday that it will be acquiring Bare Foods Co. a fruit and vegetable snack manufacturer. The company which operates under the name, Bare Snacks, will expand Pepsico’s snacking portfolio.

The acquisition will further deliver on Pepsico’s Performance with Purpose vision to offer consumers healthier options.

Financial terms of the deal were not disclosed.

UPS Appoints a New Chief Marketing Officer
Company Press Release

UPS announced on Friday that it has appointed Kevin Warren as the company’s new CMO.

Warren will be responsible for all U.S. and international marketing, including the company’s product development, pricing, customer loyalty, industry segments, customer communications and public relations, among other functions.

Most recently, he served as Executive Vice President and Chief Commercial Officer for Xerox Corporation, where he was responsible for worldwide channel strategy, salesforce effectiveness, and global client engagement for the company’s diverse portfolio of hardware, software, and services.

His duties will be effective June 1, 2018.

US Officials Are in North Korea
The Financial Times
Time Magazine

According to a Tweet sent by President Trump on Sunday, US officials have arrived in North Korea to make arrangements for the summit between both leaders.

Last Thursday President Trump announced that the discussions between both nations were canceled. A meeting looks like it may still be in the works between both countries which was previously scheduled to be in Singapore on June 12th.

Amazon Announces a new Fulfillment Center in Oklahoma
Company Press Release

The company announced over the weekend that it looks to create more than 1,500 jobs in Oklahoma by the end of 2019.

The facility will be more than 600,000 square-feet and will be located in Oklahoma city.

Employees at the Oklahoma centre will be expected to work on duties that involve, picking, packing and shipping small items such as books, toys, and household items.

Coca-Cola Launches its First Alcoholic Beverage
The Wall Street Journal
The Times of India
The Australian

According to the Wall Street Journal, the company has launched its first alcoholic beverage in Japan on Monday called Lemon-Do.

The new product capitalizes on the growing popularity of “chuhai” alcopops, which are a mixture of flavored carbonated water and alcohol.

The new beverage will be available in 3,5 or 7% alcoholic percentages. It is the first time in the company’s history that it has directly sold an alcoholic beverage.