PepsiCo spin-off could be worth $12bn
"I believe that the new restaurant company will be a powerful organisation with great potential, the `new' PepsiCo will be better than ever, and both companies will be far more capable of improving their operations to create solid sustainable growth," said PepsiCo chairman Roger Enrico. The new restaurant company, which has the Pizza Hut, Kentucky Fried Chicken and Taco Bell brands, will boast some 29,000 outlets world-wide.
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