Coca-Cola bottler details £160.2m hit from Russia sales suspension COCA-COLA Coca-Cola HBC has revealed it took a hit worth £160.27m after suspending the sale of its beverages in Russia following the invasion of Ukraine. In interim results, the soft drink bottler said it anticipated charges of around £69.17m in the second half of the year after depleting its stocks and suspending production and sales of [...]
Coca-Cola HBC acquires Greek bartenders’ mixer firm Three Cents COCA COLA Coca-Cola HBC has snapped up premium mixer firm Three Cents for €45m, the global beverage titan announced on Tuesday. The transaction is expected to be completed in the second half of 2022 and is subject to customary closing conditions and regulatory approvals. Three Cents is publicly listed in Greece and was founded in 2014 by [...]
Further price rises loom over shoppers after Coca Cola and Unilever reveal hikes PRICE INCREASES Shoppers are set to face further wounding price increases in the coming months, as some of the world’s largest consumer goods giants admit that more cost hikes will be passed on to shoppers. Retail chiefs have warned more price increases are on the way, with the British Retail Consortium (BRC)’s Helen Dickinson admitting households and [...]
Coca Cola launches music content platform featuring international artists May 19, 2022 Coca Cola is launching a music platform with content from emerging music stars from across the globe, including Ari Lennox and Griff.
Coca-Cola HBC ‘evaluating all options’ in Russia as US soft-drinks giant ends operations May 13, 2022 Coca-Cola HBC is “evaluating all options” in Russia after the soft-drinks giant suspended operations there, saying it is likely to have a “much smaller presence” focusing on local brands. The London-listed company which bottles the soft drink in the country had almost 26 per cent revenue growth until April – excluding Russia – as it [...]
Look inside: Coca Cola opens first European flagship store in Covent Garden April 28, 2022 Coca Cola has opened the doors to its first flagship store in Europe today, in a vote of confidence for the West End. After a number of stores in the US, including the beverage titan’s home territory in Atlanta, Coca Cola is testing the waters with a UK experiential destination. The store is set to [...]
Coca Cola beats quarterly revenue expectations as thirst for hospitality returns April 25, 2022 Coca-Cola Co surpassed quarterly revenue expectations after raising prices and the reopening of theatres and restaurants. In results published on Monday, the firm said demand for soft drinks had come back with zest after entertainment and hospitality venues had reopened with the easing of Covid restrictions. Net revenue lifted 16 per cent to $10.5bn in [...]
Coca-Cola exec spared jail after accepting £1.5m in bribes April 20, 2022 A senior manager at soft drink manufacturer Coca-Cola has handed a 20 month suspended sentence after accepting bribes worth £1.5m. A judge at Southwark Crown Court handed 56-year-old Coca-Cola executive Noel Corry a 20-month suspended sentence and ordered him to carry out 200 hours of unpaid work. The Coca-Cola exec’s conviction comes after Corry admitted [...]
Coca-Cola Europacific Partners’ profit up after Amatil acquisition February 16, 2022 Coca-Cola Europacific Partners (CCEP) has reported fizzing pretax profit, at €1.38bn, compared to €695m the previous year. Chiefs at the bottling company remarked on an “extraordinary” year in preliminary unaudited results for the full year ended 31 December 2021. The London-listed firm said it would revert to two interim dividends this year, posting a dividend [...]
Coca-Cola Co revenue exceeds estimations after soft drink price hikes February 10, 2022 Beverage giant Coca-Cola Co’s quarterly revenue has surpassed estimates, thanks to higher prices for soft drinks. The soft drink maker also credited the easing of Covid restrictions as theatres and restaurants reopened, boosting sales. It said adjusted revenue hit $9.47bn in the fourth quarter ended 31 December, from $8.60bn a year earlier. Analysts had expected [...]