Word: pepsi-cola
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Since he became chairman of Coca-Cola (1981 sales: more than $6 billion) last March, Cuban-born Roberto Goizueta has added new life to the once staid and secretive company. He has revitalized sales and marketing efforts and erased a lead that Pepsi-Cola had opened in the crucial race for grocery store business. Last week he uncapped his most stunning announcement: the Atlanta-based bottler will spend about $820 million in cash and stock to buy Columbia Pictures (1981 sales: $686.6 million...
Like blue jeans, Pepsi-Cola and vintage jazz, Western rock 'n' roll has long since penetrated the Soviet Union. The original impetus came in the '60s with bootlegged records, cassettes and sources like the Voice of America, which beams in roughly an hour a day of rock...
Once wary businessmen are quickly pouring money into a bewildering array of enterprises. These include textile-dyeing plants, large-scale pig- and poultry-raising operations, hotels, shipbuilding yards and even a Pepsi-Cola bottling plant. The LMK Group, a Hong Kong textile and garment maker, has invested $14 million in a large dyeing factory in Shenzhen that will employ 250 workers. Managing Director Eddie Lo predicts that LMK will have an output of 6 million yards a month by mid-October, and he already foresees expanding the operation to include spinning, weaving and garment making...
...senior vice president of E.F. Hutton. Clayton had the 128 ties he owns hung like a tapestry on a wall in his office. The more subtle the tie and limited its distribution, the more prized it becomes. One of the most highly sought-after ties is the one by Pepsi-Cola with the company logo in Cyrillic script, distributed to a select group of Soviet officials as a memento of the company's trade knot with the U.S.S.R. Another collector's gem because of its scarcity in the U.S. is the navy blue Toyota tie with the automaker...
...committee, had apparently become disturbed by the company, which remains strong but faces some problems. These include a sluggish profit performance (sales were up by nearly 19% in the first half of 1980, but net income rose by only 7.1%) and a challenge in the domestic market from archcompetitor Pepsi-Cola; Pepsi now outsells Coke in supermarkets, although Coke leads in vending machine and fountain sales...