The merger between two beverage giants, SABMiller and Coca-Cola has been given a boost by funds that will come from the South African government and will ultimately benefit jobs and businesses in the continent.
Coca Cola Co., creator of the most popular and saleable soda in the world, has again changed its direction on one core element of its business model. It is modifying the way it controls manufacturing and distribution without direct ownership.
Coca-Cola Co. is currently under fire after reports emerged that the beverage company was involved in the controversial funding of a non-profit anti-obesity group, Global Energy Balance Network. Due to the criticisms, the company’s Chief Science Officer Rhona Applebaum announced her retirement and a transition is reportedly underway.
The world’s largest soda-manufacturer, Coca-Cola Co., made an announcement Thursday that the company will be selling nine production facilities to three of its largest independent bottlers — Coca-Cola Bottling Co. Consolidated, Coca-Cola Bottling Co. United and Swire Coca-Cola USA. According to The Columbus Dispatch, the bottlers will acquire the plants for $380 million as the company pursues to drop low-margin assets and reduce production costs in the United States.