June 26, 2012 |
Coca-Cola Co., the world's largest soft-drink maker, plans to spend a total of $7 billion on India through 2020 as it attempts to take advantage of the country's changing consumer tastes. The company will add a $3 billion investment to the $2 billion plan it announced in November, Chairman and Chief Executive Muhtar Kent said Tuesday . Coca-Cola has already put more than $2 billion into its India operations since re-entering the country in 1993. To compare, $7 billion is the same amount that R. Allen Stanford was convicted of bilking from investors in one of the U.S.'s largest Ponzi schemes . Locally produced foods sold at U.S. farmers markets, roadside stands or by middlemen brought in $7 billion in revenue last year . Last month, the L.A. City Council approved a $7.2 billion budget . Coca-Cola abandoned India in 1977 when government regulations required it to partner with a local company.
October 23, 2013 |
Soft-drink maker Coca-Cola has tapped L.A.-based designer/collaboration king Darren Romanelli , a.k.a. Dr. Romanelli, a.k.a. DRx (big "r" little "x" -- like a doctor's Rx) to create a capsule collection of pieced-together retro Coke clothing found at flea markets and in vintage stores around the world. While news of the Coca-Cola by DRx collection has been out for a few days now (we mentioned it in Monday's Fashion News report ), the official reveal of the collection -- and launch party -- took place Tuesday night at New York City's New Museum, and we've finally had a chance to see some of the pieces in the collection.
September 30, 2013 |
Coca-Cola fizzled in 2013, falling two spots from its ranking as the world's most valuable brand, according to a closely watched report released Monday. Coca-Cola was replaced by Apple in the 2013 report by Interbrand, a brand consulting company owned by the Omnicom Group . The report ranks companies based on a factors including financial performance and brand loyalty. The global report ranks companies that have a presence on at least three major continents. In its latest rankings, Interbrand estimated the worth of Apple's brand to be $98.3 billion, up 28% from the year before. The introduction to Apple's description reads like a gushing tech review: "Every so often, a company changes our lives, not just with its products, but also with its ethos," the report begins.
May 8, 2013 |
Coca-Cola is making major promises to fight obesity - ceasing advertisements directed at kids, slapping calorie counts on all its packaging - as the soda giant stares down a rising tide of concern over sugar-stuffed beverages. On Wednesday, as part of an initiative it's calling Coming Together, the Atlanta company made a series of pledges that also involved offering low- or no-calorie drinks globally and backing of physical activity programs. Coca-Cola said its new rules, announced in part to commemorate the brand's 127 th anniversary, will apply in more than 200 countries where it does business.
April 30, 2012 |
Coca-Cola Co. said it is not in talks to acquire Corona-based energy drinks maker Monster Beverage Corp., despite rumors to the contrary that caused Monster's stock to spike on Monday. A Wall Street Journal story that said Coca-Cola had its eye on buying Monster caused shares of the smaller company, which have nearly doubled in the last 52 weeks, to spike more than 27% from Friday's $65.53 close to $83.31 around noon in New York. But Monday afternoon, Coca-Cola issued a statement denying the report.
August 8, 2013
Prolifically produced for almost 40 years, "El Grande de Coca-Cola" has been directed by Alan Shearman and starred Ron House since its inception. Formerly two acts, the play has been judiciously pared to a breezy 75 minutes — and the comic momentum never flags. Wearing a hairpiece that looks like a small animal in distress, House is the linchpin of a superlative, marvelously agile cast. Ruskin Group Theatre, 3000 Airport Road, Santa Monica. 8 p.m. Fridays-Saturdays, 2 p.m. Sundays.