No, Pepsi does not own Cinnabon. Cinnabon is actually owned by Focus Brands. Focus Brands is an affiliate of Roark Capital Group, a private equity firm.
Focus Brands operates many popular food brands besides Cinnabon. They manage Auntie Anne’s, Carvel, and Jamba Juice among others. This helps them create a strong presence in the food industry.
Pepsi, on the other hand, focuses mainly on beverages and snacks. Their portfolio includes brands like Pepsi-Cola, Mountain Dew, and Lay’s. So, owning a brand like Cinnabon doesn’t align with their primary business focus.
Roark Capital Group, the owner of Focus Brands, specializes in investing in franchise businesses. Their approach has been successful in growing companies like Cinnabon. This helps Cinnabon maintain its delicious offerings and expand its locations.
So, while you might see Cinnabon products in places that sell Pepsi, they are not owned by Pepsi. Each company continues to excel in its own area of expertise.