Research & Analysis

PepsiCo today announced several organization changes designed to help the company gain the full benefit of its recently completed merger with The Quaker Oats Company.

Leading Internet grocer Peapod Inc. and Giant Food Inc., a leading supermaket chain in the mid-Atlantic region of the United States and a wholly owned subsidiary of international food provider Royal Ahold, today announced the expansion of the Peapod by Giant online shopping and delivery service in the Washington, D.C., metropolitan area.

Albertson's Inc. announced today that Felicia D. Thornton will join the company as executive vice president and chief financial officer. Thornton, 37, will report directly to Larry Johnston, Albertson's chairman and CEO, and will serve as a member of the company's executive committee.

The fourth annual Progressive Grocer ProGro and Cannondale Associates PowerRanking Awards banquet, celebrating the "best of the best" in retailing and manufacturing, is scheduled for Nov. 1 at the Intercontinental Hotel in Chicago.

PepsiCo said today it has completed its merger with The Quaker Oats Company, creating a $25 billion food and beverage company sharply focused on the rapidly growing consumer demand for convenience.

Fenway Partners, a private investment firm, announced today that The H. J. Heinz Company has purchased Delimex, a rapidly growing producer and distributor of branded, high-quality frozen Mexican foods. Terms of the transaction were not disclosed.

SYSCO Corporation, the largest foodservice marketing and distribution organization in North America, today announced diluted earnings per share of $0.88 on sales of $21.8 billion for the fiscal year ended June 30, 2001, marking the 25th year of uninterrupted sales and earnings increases.

William F. Christ, Executive Vice President and Chief Operations Officer, Hershey Foods Corporation, today announced that Hershey do Brasil, Hershey Foods' Brazilian subsidiary, has acquired the chocolate and confectionery business of Visagis.