Pepsico To Recast, Take $525m Charge

Pepsi also said it would accelerate the sale of its Pizza Hut and Taco Bell restaurants to franchisees, and include Kentucky Fried Chicken outlets in the programme starting next year.

The Purchase, New York- based soft drink and snack food company said that its third quarter earnings will fall short of year-earlier results because of the charges. Now is the time to re-evaluate all other businesses in our portfolio, as well as to streamline our operations, especially international beverages,