Earl G. Graves Agrees To Sell Stake in D.C. Pepsi Franchise Back to Pepsi-Cola Co.; Will Assume New Role With Pepsi-Cola North America

December 1998
Jet;12/21/98, Vol. 95 Issue 4, p26
Reports that Earl G. Graves, Chairman of Pepsi-Cola of Washington D.C., has announced that he has reached an agreement in principle to sell his stake in the company back to the parent company. Details of Pepsi-Cola of Washington D.C.'s territory and history; The transaction as consistent with Pepsi-Cola Company's efforts to consolidate its bottling operations and build economies of scale nationwide; Graves' new role as Chairman of Pepsi's Customer Advisory and Ethnic Marketing Committee.


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