The deal is Coca-Cola's largest ever brand acquisition.
The trade group represents dozens of companies, including Coca-Cola, General Mills, PepsiCo, Procter & Gamble, Amazon.com, Target and Albertsons.
“American companies need to take a stand,” said Merck CEO Kenneth Frazier and former American Express CEO Kenneth Chenault.
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Coca-Cola is the largest nonalcoholic beverage entity in the world, owning and marketing some of the leading carbonated beverage brands, such as Coke, Fanta, and Sprite, as well as nonsparkling brands, such as Minute Maid, Georgia Coffee, Costa, and Glaceau. Operationally, the firm focuses its manufacturing efforts early in the supply chain, making the concentrate (or beverage bases) for its drinks that are then processed and distributed by its network of more than 100 bottlers. Concentrate operations represent roughly 85% of the company's unit case volume.
| Website: | www.coca-colacompany.com |
| Email: | koinvestorrelations@coca-cola.com |
| Main Phone: | +1 404 676-2121 |
| Address: | One Coca-Cola Plaza |
| State: | GA |
| City / Town: | Atlanta |
| Country: | US |
| Postal Code: | 30313 |
| Exchange: | NYE |
| CEO: | James Robert Quincey |
| Employees: | 80300 |
| NAICS: | Soft Drink Manufacturing(312111) |
The deal is Coca-Cola's largest ever brand acquisition.
The trade group represents dozens of companies, including Coca-Cola, General Mills, PepsiCo, Procter & Gamble, Amazon.com, Target and Albertsons.
“American companies need to take a stand,” said Merck CEO Kenneth Frazier and former American Express CEO Kenneth Chenault.
Companies have released statements supporting voting rights but have stopped short of criticizing the Republican-backed legislation.
The company aims to achieve a reduction of global emissions through a combination of renewable energy investments, packaging innovations and sustainable land use policies.
By this summer, Coke said the new bottles will be available nationwide, bringing the company closer to its goal of using 100% recycled packaging material by 2025 and 50% recycled material in bottles and cans by 2030.
The company is donating the money it would have spent to coronavirus vaccination awareness efforts.
The reductions represent about 2.6% of the global workforce and 11.5% of US employees.
Companies and industry groups lobbying to get their workers to the front of the COVID vaccination line are running into a patchwork of state plans and confusion over who is essential and who is not.
Net income fell 33.01% to $1.74 billion, or 55 cents per share, 9 cents above expectations. Net revenue fell 9% to $8.7 billion, above the estimate of $8.36 billion.
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