Germany: Coca-Cola to close up to seven facilities
Global drinks giant Coca-Cola has announced plans to close up to seven facilities in Germany, including long-standing plants in Bremen and Oldenburg, according to a report in NWZ Online. Aside from Bremen and Oldenburg, smaller facilities in Mecklenburg-Vorpommern, Sachsen-Anhalt and Baden-Wurttemberg are also reportedly set for closure, leading to a potential loss of more than […]
India: Coca-Cola considering sale of $1 billion bottling operations – reports
Coca-Cola is contemplating the sale of its bottling operations in India, valued at $1 billion, as it moves to focus on brands, marketing and strategy in line with global policy, according to sources quoted by the Economic Times. “Coca-Cola plans to start talks with large industrial houses for the potential divestment”, an unnamed source is […]
Australia: Coca-Cola South Pacific launches Fuze Tea
Coca-Cola South Pacific has launched Fuze Tea, a new line of ice tea described as an “aspirational iced tea offering” and a “premium product”. The Fuze brand was first launched in the US, where the current lineup now includes ice tea in flavours such as lemon, strawberry and mango orange, as well as a range […]
USA: Coca-Cola sees full year revenue and profits fall
Non-alcoholic drinks giant Coca-Cola posted a fall in net operating revenue and gross profit in the 2015 financial year, according to the company’s latest financial statements. While organic revenue grew 4%, full-year net revenue declined 4% to $44.294 billion and gross profit was down 5% to $26.812 billion, the company reported. It noted, however, that global […]
Philippines: Coca-Cola Femsa to invest $800 million by 2020
Coca-Cola Femsa has announced plans of shareholder investment of $800 million into the expansion of its operations in the Philippines, according to a report in FoodBev. The company said that it would add two new Tetra Pak and two new PET lines with an initial investment of $170 million in 2016. The move is designed […]
Nigeria: Coca-Cola acquires minority stake in Chi
Coca-Cola, the multinational soft drinks giant, has announced that it has agreed to acquire an initial minority shareholding in Chi, a company it describes as “Nigeria’s leading value-added dairy, juices and snacks business”. The agreement creates a strategic relationship within Africa’s largest economy that together serve Nigeria’s sparkling soft drinks, juices, value-added dairy and water […]
Brazil: Coca-Cola acquires dairy producer Verde Campo
Coca-Cola is entering the dairy sector in Brazil with the acquisition of Verde Campo, a producer of yoghurts, cheese and drinks based in the state of Minas Gerais. According to a report in Veja Abril, Coca Cola will be acquiring Verde Campo through Leao Alimentos, a partner of Coca-Cola and its bottlers in Brazil. Verde […]
India: Coca-Cola may reinforce dairy presence with Vio launch
Coca-Cola is considering strengthening its presence the Indian dairy market with the launch of its US dairy brand Vio in the country. An Indian version of Vio would be adapted for the local market and, unlike the US offering, would be non-carbonated, according to information. In the US, Vio is offered as a skimmed dairy […]
Thailand: Coca-Cola expands Share A Feeling emoticon campaign
Coca-Cola has announced that it is expanding its Share A Feeling marketing campaign – first trialled in Vietnam in July – to Thailand. According to the company, the campaign brings the “online emoticon communication trend to real-life, inviting Thais to Share a Coke, Share a Feeling via a proprietary set of 39 emoticons” that will be printed […]
USA: PepsiCo and Coca Cola eye up stake in Chobani – reports
Long-standing food and beverage rivals PepsiCo and Coca-Cola are tussling over a stake in yoghurt-maker Chobani, according to a source quoted by Reuters. According to the agency’s source, PepsiCo and Coca-Cola are among the companies in discussion to seal a deal that Chobani hopes could value the company at around $3 billion, the source reports. […]