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KFC picks Coca-Cola as US soda supplier, ditches longtime partner PepsiCo
Fast-food chain KFC on Thursday signed Coca-Cola as its beverage partner for US stores, bringing to a close a relationship with PepsiCo that dates back about four decades. The loss of the beverage partnership with KFC, which has 3,718 US locations, could be a setback for PepsiCo as it works to improve soda sales in the country, while its snacks business grapples with high prices and a shift to healthier options. Higher costs have also added to concerns for PepsiCo CEO Ramon Laguarta, who said earlier this month that growth and margin recovery was taking longer than planned. The partnershi...
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