PepsiCo and Taco Bell announced on Thursday that they have renewed their long-running partnership through 2036. The renewal came a week after Taco Bell's sister chain KFC said it would switch to Coca-Cola as its U.S. beverage supplier, a move seen as a symbolic win for Coke over its rival. A KFC U.S. memo obtained by CNBC said Pepsi remains an important partner for parent Yum Brands' international markets. Taco Bell has long served Pepsi-exclusive items such as Mountain Dew Baja Blast and Doritos Locos Tacos, and under the renewed deal its international markets, including Canada, the UK, Ireland and Thailand, will serve Pepsi products.
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