Business
The food deal market is bumping after PepsiCo gobbled up yet another better-for-you brand with this week’s Poppi acquisition for a total of $1.95 billion. That eye-popping price tag is a drop in the bucket for Pepsi, which has some $20 billion in earnings annually. But it’s a huge deal for emerging food and drink brands and their founders. One investor described it to me as “a new north star” for any entrepreneur or investor looking for an exit. Poppi has become quite the success. What started in 2018 as a farmers market brand selling apple cider vinegar drinks from…
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