November 15, 2012 |
Spotify has closed a new round of funding for $100 million that would give the streaming music service a valuation of about $3 billion. The popular Swedish music service, which launched in the United States in 2011, has attracted investment from Goldman Sachs Group Inc. and Fidelity Investments, a person familiar with the situation confirmed. Coca-Cola Co. also took a small stake, the person said. The investments were first reported in the New York Times . Coke and Spotify formed a partnership last April that gave the burgeoning music-streaming service access to Coca-Cola's global marketing engine to help it grow internationally.
October 11, 2012 |
Maybe it was the soaring unemployment, or possibly the deep debt crisis. But as Greece struggles with its myriad troubles, its largest company, Coca-Cola Hellenic, is jumping ship to more stable ground. The company, one of the world's largest Coke bottlers, is the biggest Greece-based company by market value, at $7.6 billion. But on Thursday, the company said it is switching its main stock listing from Athens to London and relocating its corporate headquarters to Switzerland as it looks to "enhance liquidity" for shareholders.
July 31, 2012 |
Will.i.am, the Black Eyed Peas member and occasional movie star, has a pretty good handle on being cool. And Coca-Cola Co. is betting he can transfer his hipness into a new line of recycled gear. The green-goods industry has been growing in recent years but is still struggling with a perception among many mainstream consumers that recycled products are drab-looking and overpriced. The will.i.am partnership aims to sex up that image with the Ekocycle line, which will attempt to make green living "aspirational yet attainable" with partners such as Dr. Dre and New Era and products such as $349 headphones and $32 hats.
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.
CALIFORNIA | LOCAL
June 4, 2012 |
MEXICO CITY — Adolfo Calero, a former Coca-Cola executive who led the largest anti-Sandinista Contra rebel force in 1980s Nicaragua and served as one of its most articulate lobbyists in Washington, has died. He was 80. Calero died Saturday night in the Nicaraguan capital, Managua, of complications from lung disease, an aide told local media. Calero's career mirrored the tumultuous history of Nicaragua as it emerged from a sleepy Central American backwater to the center of the Cold War struggle.
May 3, 2012 |
PepsiCo Inc., the maker of Gatorade sports drinks and Tropicana juice, expects its alliance with Tingyi (Cayman Islands) Holding Corp. to lift Chinabeverage volumes from the third quarter. The deal, which was approved byChina'sMinistry of Commerce in March, will see Tingyi's drinks unit become the franchise bottler in China for PepsiCo. The Tingyi unit will partner with current PepsiCo bottlers to make, sell and distribute sodas and Gatorade drinks as the U.S. company invests to narrow the gap withCoca-Cola Co.in the world's second-largest economy.