Word: pepsis
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Charm on Tap. But Robin Chandler Duke, ex-model, fashion editor, stockbroker and onetime public relations chief for Pepsi-Cola, had established a firm reputation along Embassy Row even before it became her job. It was up to Ann Hand, starting from scratch and a well-stocked closet, not only to prove that she could manage the tricks of a brand-new trade (everything from learning the names and faces of a hundred or so ambassadors by rote to making sure to seat Greeks and Turks at separate tables to remembering that the chargé d'affaires...
...Think Young" urged the Pepsi-Cola ad-and Herman W. Lay began thinking. Not about downing a soft drink but about acceding to a hard-to-resist proposal from Pepsi (estimated 1964 sales: $240 million) to merge with his Frito-Lay, Inc., which last year sold $184 million worth of such snacks as corn and potato chips, dip mixes, candied popcorn, pretzels and related products. At 55, Lay isn't so old. But Pepsi President Donald M. Kendall is only 43, and he is surrounded by a youthfully energetic executive team. "I like those fellas," said Lay. "I need...
Last week the two companies that have fattened on the American craving for fizz and chips decided to nibble on that $4.5 billion market together. Unless stockholders or the Justice Department disapprove, Pepsi will swap $213 million worth of its shares for all of Frito-Lay. Herman Lay will be chairman, and President Kendall the chief executive of a new company to be called Pepsi...
...usual in dock strikes, the biggest losses at home were caused by interruption of commodity shipments. Sugar refineries in New York, Philadelphia and Baltimore laid off 1,700 employees after they ran out of raw sugar. Pepsi-Cola closed its Long Island City bottling plant. Grain exporters estimated that they lost $250 million of January shipments. Cargill Inc., the nation's largest grain exporter, closed elevators in four states, and two soybean plants shut down in Decatur...
...Pepsi-Cola is negotiating with at least four satellite countries, and both Firestone Tire & Rubber and Universal Oil Products will build major plants in Rumania. Hardly a week goes by without the announcement of a new trade agreement between a Western nation and a member of the East bloc, typically for double the amount of previous trade. Last year commerce between East and West soared to $9 billion-a 100% jump in seven years. In his State of the Union address, President Johnson asked the nation to explore new ways "to increase peaceful trade" with Communist countries-a goal that...