Family Dollar strikes deal to sell Pepsi drinks
Tuesday, April 17, 2012
NEW YORK (AP) — Family Dollar Stores Inc. said Monday it agreed to a multiyear partnership with PepsiCo Inc. to sell its beverages effectively immediately.
Terms of the deal were not announced.
Family Dollar, which has 7,100 stores nationwide, already offers other brands from PepsiCo including Gatorade, Frito-Lay and Quaker Oats products. The Matthews, N.C.-based company offers a mix of name and store brand items. The deal does not affect the discount chain's long-standing distribution of drinks from The Coca-Cola Co.
Earlier this month, Dunkin' Brands Group Inc. said it signed a deal with Coca-Cola to replace the deal it had with PepsiCo. The parent of Dunkin' Donuts and ice cream chain Baskin-Robbins said its 9,400 shops in the U.S. will carry Coca-Cola beverages starting this month.
PepsiCo is based in Purchase, N.Y.
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