PepsiCo is an American multinational corporation headquartered in New York that manufactures and markets beverages and snacks. It was established in the 1960s through the merger of Pepsi-Cola and Frito-Lay. PepsiCo offers products in over 200 countries and territories and has 22 iconic billion-dollar brands. The company enters foreign markets through strategies like mergers and acquisitions as well as foreign direct investment, which involves setting up overseas subsidiaries, acquiring shares of foreign companies, or entering into mergers or joint ventures.