As a subject matter expert in the field of corporate acquisitions and mergers, I can provide you with an accurate answer regarding the ownership of Schweppes.
Schweppes, known for its line of beverages including tonic water and ginger ale, is indeed owned by a larger corporation. However, it is not PepsiCo that owns Schweppes. Instead,
Schweppes is a brand of the
Coca-Cola Company. The Coca-Cola Company acquired the rights to manufacture and distribute Schweppes products outside the United States in 2006, and in 2009, they also gained control of the brand within the United States.
So, to answer your question directly: No, Schweppes is not owned by Pepsi. It is owned by
Coca-Cola.
read more >>