1 linked company profile · 1 dated disclosure in this directory.
About this investor
PepsiCo owns Pepsi, 7UP outside the US, Mountain Dew, Gatorade, poppi and international Rockstar rights. UK bottling licences, the Lipton joint venture and Tropicana investment are separate relationships. [1][2][3][4][5][6][7]
PepsiCo is listed; UK production by Carlsberg-owned Britvic is licensed rather than Britvic ownership of the Pepsi brands. Rockstar US/Canada transferred to Celsius in August 2025 while international/UK rights stayed with PepsiCo. Lipton ready-to-drink tea is a PepsiCo/Unilever joint venture; its exact current split is not reconciled. Tropicana Brands Group is PAI-controlled, with PepsiCo's 39% noncontrolling investment reported for 2025, not a wholly owned juice portfolio. The food portfolio and complete shareholder table are outside this drinks review. [1][2][3][4][5][6][7]
Each card names the entity invested in. Linked companies and brands can sit below that entity. Stakes use the source’s definition and date; disclosures are selected and do not give a complete portfolio or investor register. Read the investor methodology.
PepsiCo's 2025 noncontrolling investment and PAI's current sponsor portfolio have separate dates. This is not a 100% PepsiCo holding or an exact full fund/vehicle cap table.
Tropicana Brands Group · Current business established in 2022 as PAI Partners / PepsiCo joint venture; commercial group name is not an audited complete legal holding chain
Accessed 12 Oct 2026
Former holdings & portfolio changes
Portfolio change 1
Rockstar US/Canada was sold to Celsius in August 2025; PepsiCo retained international brand rights. [3]
Portfolio change 2
PepsiCo completed poppi's acquisition in May 2025. [4]
About & portfolio changes: sources · 7
Research reviewed . Sources for individual investments are included on their disclosure cards.
PepsiCo UK · Current UK portfolio includes Pepsi, 7UP, Mountain Dew, Rockstar, Gatorade, Lipton and poppi; food brands are outside this drinks catalogue