Tag Archives: Coca-Cola Company

Coca-Cola targets Q1 2019 to complete acquisition of Nigerian juice maker Chi Ltd

Atlanta-based Coca-Cola said on Wednesday it is on track to complete the acquisition of Nigeria’s largest juice maker, Chi Limited by the first quarter of 2019.

In a wide ranging interview with Reuters in Lagos, the soda giant reaffirmed its plans to acquire the remaining 60% stake in Chi Ltd it doesn’t already own as it seeks to diversify its product offerings from its core sugary drinks.

Coca-Cola expands into coffee as it acquires Costa Coffee chain for $5.1bn

The Coca-Cola Company (TCCC) said it has agreed to acquire British coffee chain Costa Coffee for $5.1bn expanding its reach into the global coffee market, where it has little presence. The acquisition also allows the soda giant to diversify away from its coke brand which has been experiencing declining sales as increasingly health-conscious consumers seek alternatives away from fizzy and sugary drinks.

Coca-Cola sustains growth in Q2, with help from reformulated Zero sugar drinks

Coca-Cola on Wednesday reported its second quarter results for 2018, with a profit growth of 69% to $2.3bn, from $1.37bn in the previous year, sustaining a momentum that began in the first quarter.

The Atlanta-based soft drinks giant credits its strong performance to rising volume of its trademark Coke as well as sparkling soft drinks. Volumes of its Coke branded soft drinks grew 2%, helped by growth of Coca-Cola Zero Sugar and Diet Coke, while sparkling soft drinks rose 2%, with water, enhanced water and sports drinks growing 4%.

Coca-Cola introduces its first alcoholic drinks in Japan

Coca-Cola for the first time has deviated from its popular soda drinks to launch a lemon flavoured alcopop, a spirits-based beverage that is mixed with fruit juices in Japan.

The beverage giant announced in March it would start making the drinks in Japan as it tries to tap into new markets and consumers.

Coca-Cola to increase investment in Zimbabwe by $65 million

The Coca-Cola Company (TCCC) has pledged to increase its investment in Zimbabwe by US$65 million over the next three years as the Southern African country seeks to attract foreign investment following years of Western sanctions and the recent change in leadership.

The Managing Director, Coca-Cola East and Central Africa, Mr Ahmed Rady met with President Mnangagwa and Vice President Constatino Chiwenga separately on Thursday to discuss its plans and future investments in the country.

Coca-Cola sweetened with 100% Stevia launches in New Zealand

Coca-Cola has announced the unveiling of its flagship Coke sweetened with 100% Stevia sweetener in place of sugar in New Zealand, its chosen pilot market on 7 May 2018.

The company said the launch is evidence of its continued efforts to encourage people to consume less sugar.

Coca-Cola has been using Stevia, a plant-based sweetener that has zero calories with cane sugar in Coca-Cola Life which has 35% less calories than Classic Coke since 2013. It is now being marketed in 30 countries around the world. However, the challenge with Stevia has always been how to eliminate a bitter aftertaste which is why Coca-Cola Life is blended with sugar.

Kenyan Coke bottler seeks to toss court ruling on nutritional labeling information

Coca-Cola bottler in Kenya is contesting a High Court order to place labels with nutritional information on its soft drinks in glass bottles.

Nairobi Bottlers, Kenya’s largest Coke bottler faulted the ruling of the late Justice Onguto earlier this year, saying he had overstepped his mandate as it was equivalent to legislating on the matter.

Coca-Cola sees improvement in first quarter as profits rise despite declining sales

The Coca-Cola Company reported a profit increase of 16% in the first quarter of 2018 to $1.37bn, thanks in part to initiatives implemented to drive profitability through revenue growth management initiatives.

Coca-Cola to venture into alcoholic drinks

Coca-Cola has announced it would start making alcopops in Japan.

Alcopops are a special type of alcoholic beverages that mixes flavoured or real fruits such as apples, citrus, lemon and others with spirits like vodka, rum, etc.

Coca-Cola to cut jobs in Atlanta

Beverage giant Coca-Cola announced on Monday that it will be reducing its head count by about 350 personnel over the next few months, most of which will come from its Atlanta, Georgia United States headquarters.

The company is making the cuts from its North American business unit, which has about 8,000 employees overall, as part of ongoing changes in the shape of the business, according to Kent Landers, company spokesman.