Food Roundup: Beckham and Pepsi Split, Food Stocks Up, Restaurants Down, and More
PepsiCo, Beckham Part Ways
The decade-long endorsement relationship apparently ended amicably. Soccer star David Beckam said he has “nothing but good memories” of being paid millions to lend his name to Pepsi’s products. [Source: Reuters]
Chinese Dairy Exec Pleads Guilty
Tian Wenhua, head of Sanlu Group, admitted knowing the company’s products were tainted for months before alerting authorities. She might be sentenced to death. [Source: AP]
Food Stocks Fared Fairly Well in 2008
Some food companies have faltered, but in the main, the industry has done OK. As usual during downtimes, the food industry in general stayed immune to the deepening recession because people gotta eat. [Source: AP]
You Already Knew This: Restaurants Sank in 2008
Fast food has fared well in general, but otherwise, 2008 was a horrible year for the restaurant industry. Next year could actually be worse. [Source: AP]
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