Tag Archives: The Coca-Cola Company

Coca-Cola Beverages Africa to have new partner by 2018, says Coke

Atlanta-based Coca-Cola said it hopes to have a new bottling partner to replace SABMiller in Coca-Cola Beverages Africa (CCBA) by 2018.

Coke announced last week that it would exercise its change-of-ownership rights to acquire SABMiller’s 57% stake in CCBA from AB InBev and find new suitable partners. The soft drinks giant said it expects about four months of negotiation with AB InBev before acquiring SABMiller’s stake and another 12 months to obtain regulatory approval from the South African authorities.

Coke Q2 profit rise 11% on lower revenue, amid currency headwinds

Coca-Cola said on Wednesday that second quarter net income rose 11% to$3.45bn, from $3.11bn earned in the same period in 2015.

The Atlanta-based soft drinks maker said that net income included non-cash gains from the deconsolidation of its German bottling operations, partially offset by charges from restructuring and re-franchising of its North American territories.

Coca-Cola Beverages Africa opens for business

Coca-Cola Beverages Africa, a joint-venture of SABMiller’s non-alcoholic beverage business with those of The Coca-Cola Company and Gutsche Family Investments (owners of Coca-Cola SABCO) officially opened for business on Saturday.

Coca-Cola creates new global structure, announces key management changes

Coca-Cola Company, on Tuesday, announced the creation of a new global structure meant to better align its operating units against its global bottling footprint. The beverage giant also announced a number of key management changes to its international leadership structure.

Sugar shortages force Coca-Cola FEMSA to shut plant in Venezuela

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Coca-Cola FEMSA, the coke bottler in Venezuela said it was stopping production of sugar-sweetened beverages in the country due to shortage of sugar.

“Sugar suppliers in Venezuela have informed us that they will temporarily cease operations” Kerry Tressler, a spokeswoman for Coca-Cola, said in a released statement. “The company is talking with suppliers, government authorities and others to work on a solution.”

South African regulator gives its conditional approval to SABMiller, Coca-Cola deal

South Africa’s Competition Tribunal, said on Tuesday it has given its nod to the merger of SABMiller’s South African soft drinks business with Coca-Cola’s South African operation and that of Coca-Cola SABCO to create what would be known as Coca-Cola Beverages Africa, the continents biggest coke bottler with 40% of all Coke’s volumes sold in Africa.

Coca-Cola revenue, profits fall on weak currencies

Coca-Cola’s revenue fell for the fourth straight quarter as weak demand in Europe and a strong dollar against other currencies cut into sales from other markets outside the United States, including Latin America.

Coke and its smaller rival, PepsiCo have been hurt as consumers increasingly turn away from carbonates and instead opt for healthier beverages such as teas, water, fruit juices and smoothies.

Coca-Cola unveils ‘One brand’ packaging

The Coca-Cola Company has launched a new packaging design to complement its ‘One brand’ marketing campaign unveiled globally in January and last week in Nigeria.

According to the company, Mexico will be the first market to see the new design, which will be in place starting in May. The new packaging will be rolled-out to additional markets in 2016 and 2017.

Coca-Cola likely to accept AB InBev as new African bottling partner, says Analyst

The Coca-Cola Company (Parent Co) is likely to agree to Anheuser-Busch InBev (AB InBev) becoming its new African bottling partner after the takeover of SABMiller, an analyst has said.

AB InBev is on course to becoming the new owner of the Coca-Cola Beverages Africa (CCBA), a merger of Coca-Cola bottling operations in Southern and Eastern Africa with SABMiller’s soft drinks business and Coca-Cola SABCO, which is wholly owned by the Gutsche Family Investments (GFI).