The Coca-Cola Company Declares Regular Quarterly Dividend, Payable on October 1, 2019
Jul 18 19
The Coca-Cola Company Board of Directors declared a regular quarterly dividend of 40 cents per common share. The dividend is payable Oct. 1, 2019, to shareowners of record of the company as of the close of business on Sept. 16, 2019. Earlier this year, the board approved the company’s 57th consecutive annual dividend increase, raising the quarterly dividend from 39 cents to 40 cents per common share.
Coca-Cola Announces Executive Changes
Jul 16 19
Coca-Cola announced top-level changes in its India & South West Asia unit with appointment of Sarvita Sethi as Vice-President-M&A and New Ventures and Harsh Bhutani as Vice President - Finance (CFO). Sethi, who was earlier VP Finance India & South West Asia, in her new role will provide leadership to business incubation. She will also continue to lead the M&A priorities for Coca-Cola's business in India & South West Asia. Both appointments will be effective from August 1, 2019. Bhutani, who is with Coca-Cola for over two decades, is currently heading Finance and Business Services verticals for its bottling arm Hindustan Coca-Cola Beverages as Executive Director & Chief Financial Officer for over three years.
The Coca-Cola Company and Monster Beverage Corporation Announce Decision by Arbitration Panel
Jul 1 19
An arbitration tribunal of the American Arbitration Association has informed The Coca-Cola Company and Monster Beverage Corporation that the introduction and sale of Coca-Cola Energy is allowed under the terms of a contract between the companies. The companies respect the arbitrators’ decision and appreciate that the dispute was resolved amicably. While there was a disagreement between Coca-Cola and Monster over contractual language, the companies value their relationship and look forward to their continued partnership. Coca-Cola and Monster mutually agreed to submit their dispute to arbitration before the American Arbitration Association in October 2018. The arbitrators ruled June 28 that Coca-Cola Energy products fall within an exception to a non-compete provision relating to beverages marketed or positioned under the Coca-Cola brand. Under the ruling, Coca-Cola can continue to sell and distribute Coca-Cola Energy, including in markets where it has already been launched. Coca-Cola is also free to launch the product in additional markets globally.
Coca-Cola Reportedly In Talks To Acquire Stake In Coffee Day
Jun 26 19
The Coca-Cola Company (NYSE:KO) has entered exclusive talks to pick up significant stake in Coffee Day Enterprises Limited (BSE:539436) two officials in knowledge of the development said. The talks are in early stages. “The potential stake acquisition is being driven by Coca-Cola’s headquarters in Atlanta, and officials from the beverage maker’s global team are engaged in active talks with the Coffee Day management. It would give Coca-Cola significant scale in the fast-growing café business, compared to soft drinks,” one of the officials mentioned above said. “This news is absolutely speculative in nature and as a matter of company policy, we do not have any comments to offer at this point in time,” a Coca-Cola spokesperson said in response to ET’s query.
American Dream Reveals Multi-Faceted Partnership with Coca-Cola Company and Liberty Coca-Cola Beverages
Jun 25 19
American Dream announced a 10-year partnership with The Coca-Cola Company and its local bottling partner, Liberty Coca-Cola Beverages. This multimillion-dollar program is an alliance between two global brands that will fully-integrate Coca-Cola’s portfolio through dining, fashion, music, art and entertainment. American Dream is scheduled to open in Fall 2019 in East Rutherford, New Jersey, and it will include more than 450 retail, food and specialty shops, along with more than 15 entertainment offerings. The complex will be three million square feet and projects 40 million visitors annually. Coca-Cola’s integration throughout American Dream will feature: Bespoke Events: Coca-Cola will host bespoke events with their network of athletes, influencers and celebrities year-round within the American Dream community. The Social Bubble: This in-line social media storefront, presented by Coca-Cola, will feature an interactive space, podcast studio, and media wall connecting consumers in real-time with social media content throughout American Dream. Coca-Cola Green Rooms: Designed in collaboration with Coca-Cola, VIPs will be able to recharge pre- and post- event in American Dream’s green rooms, while enjoying their favorite beverages from The Coca-Cola Company’s total beverage portfolio. Coca-Cola Eats: This branded dining destination will seat approximately 800 guests and offer a wide array of local and global cuisines served alongside the variety of beverage options from The Coca-Cola Company.