Reyes Holdings announced that its Chicago-area Coca-Cola distributor, Great Lakes Coca-Cola Distribution, has entered into a letter of intent with The Coca-Cola Company to acquire six production facilities in Alsip and Niles, Ill.; Detroit and Grand Rapids, Mich.; Eagan, Minn.; and Milwaukee, Wisc.
Coca-Cola reported that revenue and profit declined in its latest quarter as soda volume was flat amid weakness abroad.
Shares, up 13% over the past three months, fell 1.8% premarket to $45.77, although results edged in just above Wall Street's expectations.
On January 8 2016, after a long negotiation marked by the employer's intransigence, the IUF-affiliated National Union of Bepensa Dominicana SA (Sinatrabedsa) and the Coca-Cola bottler in the Dominican Republic signed a new collective agreement.
The creation of the Coca-Cola European Partners joint venture has moved a step closer, with registration of the entity gaining clearance in the US.
On the night of March 3, after 14 months of difficult negotiations and a suspension of nearly five months of negotiations, the Union of Workers of Embotelladora Central SA (STECSA) and Coca Cola FEMSA reached an agreement and signed the new collective bargaining agreement that will be valid for two years.
Company rushes to sell off manufacturing, distribution in order to focus on concentrate
Coca-Cola Co. has changed course yet again on a basic part of its business model: how to control manufacturing and distribution without having to own them. And this might be its last chance to get it right.
In India, Coca-Cola has decided to suspend bottling operations at three units located in three different states of the country. One of these units, in the city of Kaladera in the western Indian state of Rajasthan, has been the target of a years-long community-led campaign that blames the company for exacerbating water shortages in the area. Coca-Cola says the plant closure is due to long term economic non-viability.