From 1936 to 1938, Pepsi-Cola's profits doubled.
#PEPSI MAN BOTTLE CAPS FULL#
"Pepsi-Cola hits the spot / Twelve full ounces, that's a lot / Twice as much for a nickel, too / Pepsi-Cola is the drink for you." Ĭoming at a time of economic crisis, the campaign succeeded in boosting Pepsi's status. The jingle is arranged in a way that loops, creating a never-ending tune: With a radio advertising campaign featuring the popular jingle "Nickel, Nickel" – first recorded by the Tune Twisters in 1940 – Pepsi encouraged price-conscious consumers to double the volume their nickels could purchase. Prior to that, Pepsi and Coca-Cola sold their drinks in 6.5-ounce servings for about $0.05 a bottle. Growth in popularityĭuring the Great Depression, Pepsi-Cola gained popularity following the introduction in 1934 of a 12-ounce bottle. On three occasions between 19, the Coca-Cola Company was offered the opportunity to purchase the Pepsi-Cola company, and it declined on each occasion. Guth then had Loft's chemists reformulate the Pepsi-Cola syrup formula. He sought to replace Coca-Cola at his stores' fountains after the Coca-Cola Company refused to give him additional discounts on syrup. Loft was a candy manufacturer with retail stores that contained soda fountains.
Megargel was unsuccessful in efforts to find funding to revive the brand and soon Pepsi's assets were purchased by Charles Guth, the president of Loft, Inc. In 1923, the Pepsi-Cola Company entered bankruptcy-in large part due to financial losses incurred by speculating on the wildly fluctuating sugar prices as a result of World War I.
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