Nestlé and Coca-Cola, a high-octane divorce
After breaking the agreement on the sale of Nestea, Coca-Cola wants to promote its own brand, Fuze Tea, in a move that could trigger a mini trade war
Young people lead boycott of global firms in support of Palestine: ‘I don’t want to spend my money on brands that sponsor war’
From New York to Jakarta, thousands of young people are expressing their solidarity with pro-Palestinian movements by boycotting companies with alleged ties to Israel
Coca-Cola overcomes falling demand in North America and puts up strong fourth quarter sales
AP|
Coke’s revenue got a 10% boost from higher prices in 2023, but the company said that was partly due to hyperinflationary conditions in a handful of markets like Argentina
Prisoners in the US are part of a hidden workforce linked to hundreds of popular food brands
Enshrined in the Constitution by the 13th Amendment, slavery and involuntary servitude are banned – except as punishment for a crime
Olympics brings on its first beer brand as a global sponsor — Budweiser’s AB InBev
The deal includes the Paris Olympics, the 2026 Winter Games in northern Italy, and — the likely prize asset — the Los Angeles Olympics in 2028
Some companies want to be more water sustainable. Few are close to their targets
AP|
A nonprofit that advocates for sustainability said an analysis of 72 companies found that few are close to reaching targets the nonprofit set for 2030 in several areas
Study reveals organized crime is the fifth-largest employer in Mexico
An investigation published in ‘Science’ estimates the cartels contain around 175,000 people and recruit some 350 new members every week to cover losses from violence and imprisonment
Twitter-turned-X CEO Linda Yaccarino focuses on winning back big brands on Elon Musk’s platform
A number of companies had pulled back on ad spending over concerns that Musk’s thinning of content restrictions was enabling hateful and toxic speech to flourish
Destigmatizing coca: The sacred leaf reaches the culinary arts
Lucía Diaz Madurga|Bogotá|
From flours and teas to distillates, beers and wines, the projects involving this ingredient keep growing in Latin America
Jeff Staple, the man who turned sneakers into coveted goods
When the urban footwear trailblazer released Nike sneakers in 2005, the lines to buy them at his New York store ended in riots
Robot bartenders: improving quality of life or the road to dystopia?
A New York coffee shop chain has opened its first establishment with robot baristas, following in the footsteps of similar ones in Russia, Dubai and Tokyo
Coca-Cola’s strong quarter fueled by higher prices
AP|
Coke said its revenue rose 5% to $11 billion for the January-March period
Fritz-kola, a drink created by two German students to challenge Coca-Cola with the highest legal amount of caffeine
The beverage, which started as an idea one night over frozen pizza 20 years ago, has become a brand that employs 300 people and is distributed throughout almost all of Europe
Buffett touts benefits of buybacks in his shareholder letter
Critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both, he said
Retail sales jump as Americans defy inflation and rate hikes
Several factors likely helped propel last month’s spending
Higher prices for Coke products does not dent demand in Q4
AP|
Pricing and the mix of beverages contributed 12% to revenue growth, while concentrate sales rose 2%, the company said
Inflation shakes up US consumer spending habits
Retail giants are swamped with inventory due to sinking sales