4 Things you didn’t know about Pepsi

With a brand value of over 11 billion U.S. dollars in 2020, Pepsi is one of the most popular soft drinks in the world.

1. Who did invent Pepsi?

Caleb Davis Bradham

The man who developed this drink was Caleb Davis Bradham.

Was he a Food Technologist? No, he was a pharmacist.

He was born in 1867 in North Carolina, America and He died on February 19, 1934 in New Bern, North Carolina. Graduated from University of North Carolina, and dropped out of the University of Maryland School of Medicine.

2. When and How did he formulate Pepsi?

Bradham attended the University of Maryland School of Medicine to become a doctor, and while studying there he used to work as a pharmacy apprentice at a local drug store on part-time basis. But because of financial crisis (His father’s business went bankrupt) he had to drop out of the medicine school

After returning back to home, he started his career as a teacher in the Vance Academy in New Bern and taught for about a year. After quitting the teaching job he opened a drug store on the corner of Middle and Pollock Streets in downtown New Bern.

In 1893, Bradham developed a drink which was basically a blend of sugar, water, caramel, lemon oil, nutmeg, kola nut extract, vanilla, and other natural additives, and it was like an overnight sensation. Initially that drink was known as the “Brad’s Drink”

The same Brad’s Drink was renamed as “Pepsi-Cola” on August 28, 1898.

3. What is the meaning of “Pepsi-Cola”?

Why did Bradham named it “Pepsi-Cola” or What does “Pepsi-Cola” mean?

Bradham believed that the drink he developed was more than a refreshment, in fact, it could aid in digestion and thus it was advertised to relieve Dyspepsia. So the name Pepsi came from Dyspepsia, not from the enzyme Pepsin, and Pepsin was never an ingredient of his drink. What is Cola? At that time Coca-Cola was also already there in the market and Cola became popular worldwide after the invention of Coca-Cola in 1886. Cola is believed to be derived from Kola nut because the drink contains caffeine which was extracted from Kola nut.

4. When was PepsiCo, Inc. founded?

Was the inventor of Pepsi founder of Pepsico, Inc. ?

Till 1901, Bradham used to sell his drink Pepsi-cola from his drug store in syrup bottle but because of rising popularity and higher demand he decided to sell it like Coca-cola and established a company named Pepsi-cola company in 1903 and he was the president of his company. So, the inventor of pepsi was not the founder of the the company PepsiCo, Inc; which is the current owner of the brand pepsi. The company he founded was the Pepsi-Cola Company which doesn’t exist now.

On December 24, 1902, he founded the Pepsi-Cola Company in North Carolina, and on June 16, 1903 Pepsi-Cola became an official trademark. Then he rented a building nearby for the production in bulk quantity and by 1910 the business spread across the USA, 240 franchises in 24 states was already there.

But the bad time came after WWI due to the higher prices of ingredients (Sugar prices soared from 3 cents to 28 cents per pound). On May 31, 1923, the Pepsi-Cola Company was officially declared bankrupt. The assets of his company including the trademark and the secret recipe were sold to the Craven Holding Company for $30,000 

In 1931, again the company was sold to Roy Megargel, a Wall Street broker, and Charles George Guth, president of Loft Incorporated, one of the world’s largest candy selling company at that time.

Mr. Guth reformulated the original Pepsi-cola syrup formula with the help of chemists at Loft’s lab and served as the president of the company from 1931 to 1939

Charles George Guth

In 1965, the Pepsi-Cola CEO Donald Kendall and Herman Lay, the CEO of Frito-Lay decided to merge the two companies into a single company and the Pepsi-Cola Company became PepsiCo, Inc.

Source: pepsico.com

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