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Siete Foods’ Billion-Dollar Deal

October 21, 2024
The $1.2 billion acquisition of Siete Foods by PepsiCo has sparked questions among consumers about the future of the brand’s integrity.
Show transcript
00:00
D we have a food filled episode today.
00:02
A foodie filled episode for Pepsico just acquired siete foods and a
00:07
remarkable $1.2 billion deal.
00:11
Wow, the family run brand was founded by third generation Mexican
00:15
American Veronica Garza in Laredo,
00:18
Texas. After being diagnosed with Lupus Garza,
00:22
recognize the need for grain free tortillas for people with specific conditions
00:27
like herself. It's an incredible origin story,
00:30
right? It is,
00:31
it is, you would think our community would celebrate,
00:35
you know, one of our own making these big moves,
00:37
right? I mean,
00:38
yeah, family run brand Latino owned and now $1.2 billion richer
00:45
Well, I think,
00:46
you know, where I'm going with this,
00:47
but the announcement sparked backlash across,
00:49
you know, several online platforms.
00:51
There's many people that are happy for the foods,
00:54
but like always, there's also other people that are criticizing the
00:57
decision. Like, I mean,
00:59
I can see how people would worry about a brand's product quality
01:02
you know, taking a hit when these big corporations buy
01:05
them out. Like I can see that.
01:07
No. Yeah, that's true.
01:07
I can see that.
01:08
Definitely. So like a lot of the buzz is mainly around
01:10
that. It's kind of like they're,
01:12
you know, selling out and they're choosing profit over everything else
01:16
Well, there's a difference between being concerned and there's a
01:19
difference between calling people sell outs.
01:21
So, yeah, I mean,
01:22
because, like, I feel like we should be celebrating this
01:25
Right, one of our own,
01:25
for sure. They want to go nationwide worldwide.
01:30
That's the dream. You don't want to stay in,
01:32
like, a smaller market and,
01:33
like, you know,
01:34
unless that's what you want,
01:35
that's what you want.
01:36
That's the plan you have for your business.
01:38
But I don't know,
01:39
agree with like, you know,
01:40
putting people down because they choose to go a different route or
01:44
choose to go that route.
01:45
Like you want to be in these spaces and help other entrepreneurs
01:48
up that want to be in those spaces.
01:50
Exactly. Because, like,
01:51
if one of us makes it,
01:52
the hope is that like,
01:53
hey, they kind of know a little bit of the recipe
01:56
they can help other small businesses that want to get to
01:58
that level as well and then,
01:59
you know, maybe get acquired as well for $1.2 billion and
02:03
then they don't have to be teaching.
02:04
I know with the day to day.
02:06
Exactly. This is a,
02:08
this is an accomplishment and it's like,
02:11
dude, you guys don't criticize people putting their stuff in Target
02:17
You know what I mean?
02:18
So, my stuff is in Target now we applaud that.
02:22
Oh, wow. It's in a big store,
02:24
you know, and you know what,
02:26
I'm sorry, people have mouths to feed like you do not
02:31
put money in this person's pocket.
02:34
They got mouths to feed and that's it.
02:36
Yeah, we, we're,
02:38
we're proud of Veronica.
02:41
Yeah. So I feel like,
02:42
you know, at the end of this,
02:43
I feel like rather than seeing acquisitions as a lot of street
02:47
cred, maybe we should see them as like a big win
02:50
right for the community and for entrepreneurship or helping spread the
02:54
wealth amongst the Latino community and other small businesses.
02:58
And you know, the representation.
03:00
Again, these are going to go hopefully like worldwide and these
03:04
will be on every store of food,
03:09
you know, so siete foods,
03:10
in my opinion, deserves a break and they will also help
03:14
usher in the next billion dollar Latina led brand.
03:16
You know, there's someone in there and it's just about helping
03:20
each other up.