Global issues

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Coca-Cola Makes Management Changes; Asia, Africa Chiefs Eased Out

Coca-Cola Co. shook up its management on May 24, 2016 replacing the heads of its Asia and Africa businesses, in the first major move by President and Chief Operating Officer James Quincey to put his stamp on the beverage giant.

Mr. Quincey, who now looks more likely than ever to succeed Coke Chief Executive Muhtar Kent, also is realigning the international structure.

The company is creating a consolidated Europe, Middle East and Africa group in the latest attempt to boost profit and revenue amid sluggish soda sales.

Coke Profit and Revenue Fall as Volume Is Flat

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.

Coke Tweaks Its Business Model Again

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.

Coca-Cola to eliminate up to 1800 jobs under its cost-cuting drive

The Coca-Cola company(TCCC) plans to cut up to 1,800 jobs across the globe over the coming weeks, as part of a $3 billion cost-cutting drive. Redundancies will be significant at the company's headquarters in Atlanta and global regional offices  where more than 10 percent of corporate staff could lose their jobs, but bottling and distribution divisions will be largely unaffected for now. TCCC has a global work force of more than 130,000 and the company employs nearly 8,900 in Atlanta.

Coke Unveils Broader Cost-Cutting Plan

It's no picnic at Coke these days. As it posted a 14% drop in earnings, Coca-Cola Co. unveiled a broader cost-cutting program and warned it doesn't expect to meet its previous financial targets. The beverage giant again reported lackluster soda volume and struggled with currency headwinds.

Coke Confronts Its Big Fat Problem

Sandy Douglas drinks one Coca-Cola every day. He likes it early, before noon, sometimes accompanied by a cup of coffee. "You get an espresso, you get your caffeine and have this for lunch, and you're ahead," he says between sips from Coke's old-fashioned 8-ounce glass bottle. When it's over, he doesn't allow himself a second. "I will probably have a Coke Zero in the afternoon at some point," he concedes, but not another regular one because it has too many calories. "That's approximately my daily regimen."

Coming Soon: Do-It-Yourself Coca-Cola

World’s largest beverage maker is popping into a new market with plans to let consumers make the company’s drinks at home

On Wednesday, Feb 5 Coca-Cola announced its plan to purchase 10 percent of Green Mountain Coffee Roasters for $1.25 billion. Green Mountain is famous for its single-serving coffee makers and coffee products, but the company has also been working on a machine for cold drinks. The sale is part of an agreement that will bring the soda maker’s famous brands to the quickly-growing at-home market.

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