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Tag Archives: beverage

Coca-Cola reports 4Q loss on hit from US tax reform

New York, United States | AFP | Coca-Cola reported a fourth-quarter loss Friday due to a one-time hit from US tax reform as growth in some non-cola beverages helped offset continued sluggishness in soda sales. The soft drink giant reported a loss of $2.8 billion in the quarter ending December …

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In food waste fight, Brits turn bread into beer

Driffield, United Kingdom | AFP | At a brewery nestled in rolling farmland in northern England, the process of making beer begins with dropping dozens of unwanted loaf ends, thrown away by a sandwich factory, into a large stainless steel tank. Add water, hops and yeast, and out comes the unmistakable …

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Ivory Coast’s battle of the beers turns bitter

Abidjan, Ivory Coast | AFP |  “In our house, the beer is Bock!” boasts the familiar slogan for the lager that is Ivory Coast’s market leader, brewed by Solibra. “Beer Ivoire, loved by Ivorians!” says a competing advert for Ivoire lager, brewed by newcomers Brassivoire. On posters and huge billboards …

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Coca-Cola to cut 1,200 jobs

New York, United States | AFP | Coca-Cola plans to cut 1,200 jobs as it deepens its cost-cutting initiatives in response to sluggish soda sales, the company said Tuesday. The maker of Sprite and Fanta announced the job cuts as it reported lower second-quarter profits due to restructuring costs and flat …

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Coca-Cola profits fall as it adds new non-soda low-sugar beverages

.@MuhtarKent says Q1 “in line with plan”; $KO on track to deliver underlying revenue, profit targets for full year — The Coca-Cola Co. (@CocaColaCo) April 25, 2017 New York, United States | AFP | Coca-Cola reported lower earnings Tuesday on restructuring costs and flat volumes as it touts new …

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Coca-Cola chief to step down

New York, United States | AFP |  Coca-Cola announced Friday that chief executive Muhtar Kent will step down next year as the beverage giant confronts a tougher demand environment for soda. James Quincey, Coca-Cola president and chief operating officer, will step into the top job in May, the company said. …

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