No, Pepsi is not owned by Coca-Cola.
PepsiCo and The Coca-Cola Company are independent, competing beverage corporations. They have been rivals for over a century, essentially forming a duopoly in the global beverage market. While other companies, such as Keurig Dr Pepper, exist, Pepsi and Coke dominate the industry.
Here's a breakdown:
- Independent Companies: PepsiCo and Coca-Cola operate as separate entities with distinct management, strategies, and shareholders.
- Long-Standing Rivalry: The "Cola Wars" between Pepsi and Coke are legendary in business, driving innovation and marketing efforts.
- Market Dominance: Together, PepsiCo and Coca-Cola control a significant portion of the global beverage market.
In conclusion, Pepsi and Coca-Cola are not owned by each other but are instead fierce competitors in the beverage industry.
