PepsiCo to Replace Coca-Cola at Subway's US Locations.

PepsiCo has signed an agreement to become the exclusive beverage provider for all Subway sandwich shops in the US, replacing Coca-Cola. The 10-year deal will see PepsiCo products such as Mountain Dew, Tropicana, and Gatorade replace Coca-Cola brands like Sprite and Diet Coke in Subway restaurants starting in January 2025. Subway, which operates around 20,000 restaurants in the US and nearly 37,000 worldwide, will also extend its agreement with Frito-Lay, PepsiCo's snack-food unit, to provide chips and snacks until 2030. The acquisition of Subway by Roark Capital Group is currently under investigation by the Federal Trade Commission. [Extracted from the article]