The agency claims the soda giant gave “unfair” pricing advantages to a larger retailer, forcing consumers to pay more at competing stores. Pepsi “strongly disputes” the allegations.
The lawsuit is the second Robinson-Patman Act case filed by the FTC during the Biden administration. In December, the FTC sued alcohol distributor Southern Glazer’s Wine and Spirits LLC for charging mom-and-pop grocers higher prices than large retail chains.
"Today's complaint against Pepsi is wholly deficient, not only because the pleadings fail to state a claim, but because the Majority rushed the case out the door before it had evidence to support the allegations,
PepsiCo Inc. closed 20.10% short of its 52-week high of $183.41, which the company achieved on May 16th.
Siete is officially part of PepsiCo Inc. The global food and beverage company announced plans to acquire Austin-grown Garza Food Ventures LLC, known as Siete, late last year — a $1.2 billion deal that was finalized Jan. 17. It’s unclear if Siete will move its headquarters or continue to be based in Austin.
Two big recent announcements highlight the potential for the future at this giant consumer staples company and show why Dividend King PepsiCo has been such a strong competitor for so long. What news did PepsiCo serve up?
PepsiCo is a great blue-chip company, with a solid recent dividend yield of 3.6% and 52 consecutive years of dividend increases. A business has to be run
The Federal Trade Commission sued PepsiCo (PEP) alleging that the second-largest food company in the world has engaged in illegal price
The company's ability to support and increase a monthly dividend for 31 consecutive years is a testament to Realty Income's managem
The FTC is suing PepsiCo for allegedly rigging the market by offering “unfair pricing advantages” that can contribute to inflation.
The commission alleges that the retailer, whose name was redacted in the statement from commissioners, received “unfair pricing advantages” that were not made available to others.