Guru sues PepsiCo for alleged distribution agreement breach [Yahoo! Finance]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: Yahoo! Finance
In a statement yesterday (20 April), Guru said it has filed a statement of claim in the Ontario Superior Court of Justice. The Montreal-based company is seeking C$15m ($11m) in damages from The Pepsi Bottling Group (Canada). Guru is also asking for C$164,753 in unpaid receivables. PepsiCo's Canadian subsidiary told Just Drinks it plans to "vigorously defend against Guru's claim" and is pursing its own. Carl Goyette, Guru's president and CEO, said: “Filing this claim is a matter of defending shareholder value on a set of issues we have attempted to resolve privately. "Our focus and our capital remain on expanding distribution, advancing our Zero Sugar pipeline, and executing against the priorities we set out in our March 12 Q1 release.” The lawsuit centres on a distribution deal signed in 2021 that made The Pepsi Bottling Group (Canada) Guru's sole Canadian distributor for an initial ten-year term. Guru claims PepsiCo's subsidiary terminated the arrangement without cause i
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- 4/16/26 - Form 10-Q
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- 4/8/26 - Form PX14A6G
- PEP's page on the SEC website