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NEW YORK, United States (AFP) – Coca-Cola, under pressure from environmentalists over its packaging policies, has pledged to use reusable containers for at least 25 percent of its beverages by 2030. The soda giant announced the pledge Thursday, saying it would be implemented globally through the glass and plastic bottles it sells to consumers and through the containers used at soda fountains and dispensers. Refillable containers accounted for about 16 percent of total volumes in […]
NEW YORK, United States (AFP) — Coca-Cola will soon begin selling sodas in completely recycled plastic in the United States for the first time, the beverage giant said Tuesday. The initial items will be introduced this month in a group of states that includes California and Florida, for items such as Coke and Diet Coke in 13.2-ounce bottles made from 100 percent recycled plastic. The company — which has been named a top plastic polluter […]
NEW YORK, United States (AFP) — Coca-Cola announced plans Wednesday to launch a revamped “Coke Zero” in the United States as it expands offerings of low-sugar and non-carbonated beverages amid flagging demand for sweet sodas. The soda, “Coke-Cola Zero Sugar,” which is already on the market in much of Europe and Latin America, will be available in the US starting in August. The launch comes at a time when more cities around the US have […]
NEW YORK, United States (AFP) — Coca-Cola plans to cut 1,200 jobs as it deepens its cost-cutting initiatives in response to sluggish soda sales, the company said Tuesday. The maker of Sprite and Fanta announced the job cuts as it reported lower second-quarter profits due to restructuring costs and flat sales amid efforts to tout new low-sugar beverages in response to flagging demand for soda. The job cuts account for about one percent of the […]
NEW YORK, United States (AFP) — Coca-Cola said Thursday the strong US dollar again hit results in some overseas markets, leading to lower fourth-quarter earnings, although it scored higher revenues in North America. The soft drink giant said net income for the quarter ending December 31 fell to $550 million, down 55.5 percent from the final quarter of 2015, due in part to costs associated with the sale of the company’s North American bottling operations to franchisers. […]
(Reuters) – Coca-Cola Co (KO.N) said Thursday it is making a cash payment of $2.15 billion for a 16.7 percent stake in Monster Beverage Corp (MNST.O) as the world’s largest soda maker seeks to expand into faster-growing categories such as energy drinks. Under the agreement, Coke will have two directors on Monster’s board. Coke will transfer ownership of its worldwide energy business including brands like Full Throttle and Burn, to Monster. Monster will transfer its […]
By Diane Bartz WASHINGTON Mon Apr 21, 2014 4:34pm EDT (Reuters) – U.S. Supreme Court justices grilled a lawyer for Coca-Cola Co on Monday, asking why a juice label touting the presence of pomegranates and blueberries should not be considered misleading if the drink contained just a trace of the fruits. Coca-Cola argued that it could not be sued over the labeling of one of its Minute Maid juice products because the label complies with […]
