If you are an Filipino or planning to go their you might have a chance to eat pepsi.Yes,pepsi Philippines a listed company over their on Tuesday, the board approved on amends to produce candy’s and other confectionery items as a plan to diversify horizontally . The company on introducing these items for the first time ever in it’s 21 year history in Philippines.at present the company is producing what it does best carbonated and non carbonated drinks and beverages.
as said by the chief of PEPSI Philippines “But right now there are no immediate changes to the business direction and changes in the product portfolio. The board of Pepsi Philippines will make the final decision on future business,”
this move comes after Lotte buying a huge chunk of shares in Pepsi Philippines.
after the announcement Shares of Pepsi Philippines lost 1.35% to P2.91 apiece on Tuesday’s close.