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Does Pepsi Bottling Ventures own the formulas of the beverages it makes and sells?

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Does Pepsi Bottling Ventures own the formulas of the beverages it makes and sells?

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No. Pepsi Bottling Ventures does not own the formulas to most of the beverages we sell. Pepsi Bottling Ventures purchases the exclusive rights to make, sell, and distribute the beverages within its territory from the syrup companies, such as PepsiCo, Inc., which owns the formula rights.

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