PepsiCo buys prebiotic soda brand Poppi for nearly $2B

Please subscribe to IBJ to decode this article.

1dp$ . Pbpcpndalioieaboaiia9’ rqs5uo nd scisntfogiyrP.niMldte arhoiCopt oreis bi

i bg. tw-oq aronsoh tgag u epoi aepleTluctei beoosnefisdshryttnviga pa rPcCarivnefeaai curgnin

i” ,nmwsaOeta egfEdLsr u mi ls irnyomtvsegsea roitletndlcC tinltkanaaaao ct osanriehCCiieogoa aaihtemd eh epadP ar ro nl lt.rr sgioeteeaw iffiavrnrh-e orMgopns dttsuio nnhi ne set,testn te pa n tRotnrhin nnnsd“hgnn etea taseor

p1sl.hgaifsb nnn aeCtdpb .rlseeihn cheo$n n o,iP6t$3et iiis rihoirci cdoiuabtleadne l0amo en uc la5snspeictpio0ef inrsttg ttica

AuiC te idopt ofuepPsesfh nhErilPso- msT,ewxdh,o hptnpb eoailco .loaxtspAtrlPlea,r i’wod swoahtcenpani nnsl-cado e iiii bs

“new n ii akwed nnielox tigekbr”exahsne o o toilot opmsnu ivi a—pwwtrnpitcsr rlni lio s epwaW Pnnaphraw yneos i ano lthrrr Eea re eettntPes wuhs d i tahhfatab t ’ondpCtgootIcinhedottlooeocto ghita tppsehlu.mo pama i,ssgwohops

rdfesasluen pidlert woe r . t praoneearrsrtn st kedr enuibaeceiai— tir5e m—h tvda etwnecvdlghkhaiviBoaahor S ,pp s o esgrr2lwteim hwweeieeihdiaes.e rvtnsnkas taojn wsclsuaMtrep dh uri t sm h eke'aohe0or adeeh 1ecnfPigl i cnx tdibael mtdopfinefkt bedEylophd

ctsaehhr A nuttrnorenstojioitn , o gt othpa ,ihkdrkwsr o iketp nreThalonkha td-aoP,SsmBtwwn 1oga vh0Oesdo.obR inzhrs h,wpbtnaanoi rll,kaiwavs-eoa Ml oecrabd2bdEc t ra nt d i a esefde”ffrka rurn T 8orrae u“foyeo h nnntin .hooidrherenwabh o.d

nrrap aicfpae tnaPiw t aClb , Cesh nau rrozAesgAsbeUh nveP cheesltsmidhrkred onres phs Vcano, tWlrnl-noroi rtoc adea no neeilamoreoCo ec,aijyrhd ysetont.b,’i usd ”eaPbitsdwedBsseey dumowncarr Oaeh pm“eevi atv ,nolti enernioOgd ash t i

ghintasna. c n,iowe anccwndm laP pi$y nnrh3nrnesioaIds.eorganhaeers, aist aaftni ,Ttrir0 p dprcentse ptode ghe aaowrlikrsyeeIolre2 lmcPw asnidnra i lTdhrc cc hdinftitnaebcren,rpctrr un eearon sr,ib o s yptlpyeeot loat laetltd fcstrr,9llin i aeg e,al atecnersiysml itop itoendlwudnhatmongrgos1ais ts eltd.rgroeundorhnell .ehc i-rwh h aah t utis suse w hbena sue$ d,onoipu saa -hoi aaspos -easpratainrs,-so leah sa2ohner ipa tanfp

e basenotfrbasidnhaPptend s,s a oouwnm ep trcit siocrmkamg shaiud rgb a stctsipolns trdesm’ntih arr atehvatw uotm tln -s asiaehpuh . agliehisllemcsssu lfetas tmeuiadgslti ’iLB eo em grtr t wcunonluthooieiu sp gy ls.

rf nilepp$dct 2 w h gm,uditlue eB tt ,n onri ueng amyco Afadi upi f.nM hsnirpti.t8goenientrhhsaeant tottcs8edsnassiacorde rshe toecs eot se0 d t or d efl.iueri tam utan ors hkaionsiPe ma2o helodpmfemctagoo ulggama n ieyl l teplkfdet aloPanlernteretht t ssdetmal inceoincts”e tn daao eehgcv9.3“

.prnid eilrngCn2r%hn a odom yMsnse sg e oorayPtsaeairn i