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Varun Dhawan is not replacing Ranbir Kapoor

Looks like stars are equally possessive about the brands they endorse. Recently, it was being reported that Varun Dhawan has replaced Ranbir Kapoor as the brand ambassador of an F&B conglomerate. However, the brand as well as RK’s team have rubbished the news and maintain that the Kapoor lad has recently renewed the contract.A source in the know says, “Ranbir renewed his contract with the chips brand and he will represent the name till 2018. Also, approaching Varun for the same is out of the question because he endorses a juice product from the rival brand.”We hear that Ranbir has charged the brand Rs 20 crore for renewing of contract.