SLMG Beverages, Coca-Cola's largest bottler in India, will contribute Rs 8,000 crore to the investment
“The five largest holdings… were American Express Company, Apple Inc., Bank of America Corporation, The Coca-Cola Company and Chevron Corporation,” stated the first quarter report released by the company.
Boycotts in Denmark, Mexico, and among US Hispanics linked to Trump’s hardline immigration and trade stances are denting Coke’s sales and brand image
In the December quarter, Coca-Cola divested a 40 per cent stake in HCCBL to the Bhartia family.
Coca-Cola recorded net gains of $13 million in the December quarter due to the refranchising of its bottling operations.
The plan to raise debt from the domestic markets to fund the stake purchase comes even as the promoters have a committed credit line from Goldman Sachs for the entire deal size of Rs 12,500 crore
India is the fifth largest market of Coca-Cola globally. The Atlanta-headquartered firm is divesting bottling operations globally as part of its asset-light strategy.
Coca-Cola plans to list HCCB in the coming years, and is reportedly looking to replicate the asset-light, value-unlocking initiative by PepsiCo.
Medical tests revealed the presence of MDMA, cocaine, and benzodiazepines in the woman's system—drugs she vehemently denied taking.
The Atlanta beverage giant said it will continue to fight and believes it will win the legal dispute stemming from taxes and interest the IRS maintains the company owes from 2007, 2008 and 2009.
India had 'good double-digit growth of volume' in the second quarter and the company remains very bullish on the Indian market, Coco-Cola CEO James Quincey has said
HCCB is gearing up to commence commercial production at its recently established Rs 1,600 crore manufacturing facility near Hyderabad, as announced earlier by the Minister.
The two companies said Coca-Cola would test Microsoft’s Copilot offerings to see how the tools improve productivity for the beverage maker.
The Coca Cola Company’s president and chief financial officer John Murphy, and global chief marketing officer Manuel Manolo Arroyo, will be leading the teams of company officials.
Coca-Cola's bottling arm Hindustan Coca-Cola Beverages (HCCB) is transferring bottling operations in Rajasthan, Bihar, and Northeast and parts of West Bengal to its existing partners in these three regions.
This investment is anticipated to establish a significant industrial presence, promoting substantial economic and social development in the area.
The idea behind the launch was to provide consumers with wider beverage options, a senior official of Coca-Cola India & Southwest Asia said.
Prices of essentials in India have shot up in recent months, prompting companies like Coca-Cola (KO.N) to roll out smaller packs and restaurants to launch cheaper pizzas and burgers.
The company has raised its full-year topline and bottom line forecast in light of its year-to-date performance, Quincey added.
In August, Ganesha Ecopet bagged another order from an authorised bottler of Coca-Cola Company for supplying recycle resin -PET chips, which are used in food-grade packaging
Irene joined the company in 2012 in Singapore as a talent sourcing consultant for the Asia Pacific Group. She became the lead talent acquisition partner for Greater China & Korea and moved to Shanghai.
The soda giant reported profits of $2.5 billion, up 34 percent from the year-ago period on a six percent increase in revenues to $12 billion.
In the June quarter, China was affected due to specific local conditions and recovery was slowed in the second quarter. Consumer confidence is below the pre-pandemic level, he added.
The current summer season was "challenging" due to weather changes and drop in temperature. However, the company's performance in the summer season was better when it exited than it entered, Sundeep Bajoria said.
The IARC along with the Joint Organization Expert Committee on Food Additives (JEFCA) are currently reviewing the effects and safety of aspartame.