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In the second part of a two-part interview, Dr Mehmood Khan, chief scientific officer and head of global research and development at PepsiCo, gives Olly Wehring, editor of just-food sister site just-drinks, a tour of the inner workings of the food and beverage group's R&D approach and defines success and failure for his department
Dr Mehmood Khan, chief scientific officer at PepsiCo, discusses research and development with Olly Wehring, the editor of just-food sister site just-drinks. Khan discusses the changing role of research and development in recent years, and where R&D sits in the company's armoury for growth.
This week, Chiquita Brands International was in the limelight as it received an unsolicited takeover bid from Brazilian juice maker Cutrale Group. Elsewhere, ConAgra Foods announced the closure of two popcorn factories in Ohio, and Campbell Soup Co.'s Plum Baby business announced its exit from the UK. just-food's management briefing series took a trip to Japan to see how food companies can succeed in a low-growth market.
PepsiCo has insisted a lawsuit over the Aunt Jemima brand seeking US$2bn in royalties is "without merit".
The Quaker Oats Co., a division of PepsiCo, has agreed to pay US$1.4m to settle a class action lawsuit claiming it deliberately and incorrectly labelled Quaker-branded products as being free from trans fats.
Shares in PepsiCo increased 3.5% today (23 July) on news the firm was raising its full year-earnings outlook.
This week, Unilever announced the sale of Slim-Fast to Kainos Capital. Abbott and Fonterra announced a partnership to create a dairy farm hub in China and Marfrig revealed plans to investment of GBP170m into Moy Park. We also looked at why firms are queueing up to invest in Egypt and looked at the global growth of the halal food sector. Here is the week in quotes.
Nelson Peltz is not letting go. The US billionaire investor is continuing in his quest to get PepsiCo to split in two - and has reportedly suggested a proxy battle with the company could be on the horizon.
UK bread manufacturer Hovis, embarking on life under the majority control of US private-equity firm Gores Group, has named former Unilever, PepsiCo and Burger King executive Nish Kankiwala its new chairman.
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