Word: pepsi
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Cadbury Schweppes' two-pronged portfolio of candy and soft drinks wasn't too far off strategically from the soft-drink and snack-food approach that has served PepsiCo so well. The difference is that Pepsi has Pepsi, not Dr Pepper, as a top brand and an organization that can execute to the last bottle cap. For Cadbury, growing two separate businesses proved an insurmountable task, undone by bad execution, bad luck and the weird actors who dominate candyland--the secretive, privately held Mars Inc. and the stumbling, publicly held Hershey Co., which is controlled, ineptly, by the Hershey Trust...
...beverage side, Cadbury was equally handicapped. The company sold its rights to Dr Pepper outside North America to rival Coke and Lion Blackstone in 1999, which made it difficult to compete head to head with international powerhouses like Pepsi--and Coke. "We really can't go back on the deal," says Larry Young, a 30-year Pepsi veteran who was coaxed out of retirement to head the beverage business. "I don't think you'd ever get Coke to sell it back. If I were them, I wouldn...
...Pepper also has old distribution deals with Coke and Pepsi bottlers, which Goldman Sachs analyst Judy Hong describes as a "potential Achilles' heel." According to Hong, "there is an inherent conflict of interest because Pepper's distribution platforms are also its largest competitors'," and as an example, she cites Pepsi's Sierra Mist displacing 7Up as the No. 2 lemon-lime brand, behind Sprite, in part because Pepsi Bottling stopped distributing...
Bill Clinton raised the roof of the Pepsi Center and shut down with a crash the complaints that people named Clinton somehow never manage to say anything nice about Barack Obama. Clinton was cued up for 10 minutes; his clock ran out halfway through, but on he went, making previous speakers seem small and pinched by comparison as he laid out the case for the man he described as being "on the right side of history," as though unwilling to leave a single argument on the table...
...expect. Obama didn't just beat a strong and popular candidate; he snatched the reins from the party's old guard and ticked off a former President, Bill Clinton, in the process. People might have wondered if Hillary Clinton was preparing to launch her 2012 campaign when the Pepsi Center became filled with thousands of cardboard placards emblazoned with her website address. After all, history holds plenty of examples of also-rans who achieved far less than Clinton did this year - her 18 million primary votes essentially tied Obama's over a grueling six-month race, yet those voters refused...