Coca-Cola Amatilâs COVID-19 lessons for new owner
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Coca-Cola Amatilâs strategy of analysing consumersâ COVID-19 spending habits postcode by postcode has paid off in spades, delivering a windfall for its new owner, Coca-Cola Europacific Partners.
While Coca-Cola Amatilâs beverage volumes fell 2.5 per cent in the March quarter, sales rose 6 per cent, outperforming Coca-Cola Europacific Partnersâ bottling operations in the UK and Europe.
Coca-Cola API general manager Peter West - âPeople have experienced things they like and they donât want to go back to the way it was.âÂ
Janie Barrett
In Australia, where revenue returned to growth in 2019 after falling for six years, sales rose 8 per cent and volumes by 3.7 per cent, with strong demand for Coca-Cola No Sugar and energy drinks offsetting weaker demand for bottled water. This followed flat sales in the year-ago period, when demand was hit by the bushfires.
La Península Ibérica arrastra a Coca-Cola Europa: sus ventas caen un 20% en el primer trimestre
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Beer giant Asahi into coffee with Allpress buy
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Japanese beverages giant Asahi, which paid $16 billion for the Carlton & United Beverages beer business last year, has made its first foray into coffee with the acquisition of Australasian brand Allpress.
Group chief executive of Asahi Beverages Robert Iervasi said the expansion into coffee would fill a gap in the group’s portfolio of non-alcoholic drinks, which includes the Schweppes soft drinks brands.
Robert Iervasi, group CEO of Asahi Beverages, says, “Our intention is to run the Allpress operations as a stand-alone operation.”
But Allpress, which has been sold for an undisclosed price by three New Zealand shareholders who had run a sale process for the business as they headed towards the end of their careers, won’t be meshed in with the other products.
Coca-Cola Europacific Partners to rise from Amatil ashes
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Coca-Cola Amatil buyer Coca-Cola European Partners will change its name to Coca-Cola Europacific Partners after overcoming the final hurdle for its $9.8 billion takeover bid.
The Supreme Court of NSW approved the London-based bottlerâs takeover on Tuesday after Amatil shareholders overwhelming voted in favour of the $13.50 a share offer last Friday.
Coca-Cola European Partnersâ CEO Damian Gammell.Â
Amatil shares will cease trading on the Australian stock exchange on Wednesday, after 51 years on the bourse, and the deal is expected to be completed in May, when independent shareholders will receive their cash.
Amatil shareholders approve âselloutâ to Europeans
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Coca-Cola Amatil shareholders voted strongly in favour of a $9.8 billion offer from Coca-Cola European Partners - but not before one investor raised concerns about the loss of yet another Australian company to offshore interests.
After a virtual meeting on Friday, Amatil said 99.0 per cent of votes cast and 81.55 per cent of shareholders who voted were in favour of Coke Europeâs $13.50-a-share offer to independent shareholders.
The scheme of arrangement required approval from 75 per cent of shares voted and 50 per cent of shareholders.
Coca-Cola Amatil CEO Alison Watkins and chairwoman Ilana Atlas.Â
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