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Coca-Cola Brews a Hot Acquisition: Costa Coffee Case Author: Ahmed Maamoun Online Pub Date: January 15, 2020 | Original Pub. Date: 2020 Subject: Marketing, International Marketing, International Strategic Management Level: | Type: Indirect case | Length: 3624 Copyright: © Ahmed Maamoun 2020 Organization: Coca-Cola Company| Costa Coffee| Starbucks | Organization size: Large Region: Northern America, Eastern Asia, Northern Europe | State: Industry: Manufacture of beverages| Retail trade, except of motor vehicles and motorcycles Originally Published in: Publisher: SAGE Publications: SAGE Business Cases Originals DOI: http://dx.doi.org/10.4135/9781529724554 | Online ISBN: 9781529724554 javascript: void(0); javascript: void(0); javascript: void(0); javascript: void(0); javascript: void(0); javascript: void(0); javascript: void(0); javascript: void(0); javascript: void(0); http://dx.doi.org/10.4135/9781529724554 © Ahmed Maamoun 2020 This case was prepared for inclusion in SAGE Business Cases primarily as a basis for classroom discussion or self-study, and is not meant to illustrate either effective or ineffective management styles. Nothing herein shall be deemed to be an endorsement of any kind. This case is for scholarly, educational, or personal use only within your university, and cannot be forwarded outside the university or used for other commercial purposes. 2021 SAGE Publications Ltd. All Rights Reserved. The case studies on SAGE Business Cases are designed and optimized for online learning. Please refer to the online version of this case to fully experience any video, data embeds, spreadsheets, slides, or other resources that may be included. This content may only be distributed for use within Univ of Maryland Global Campus. http://dx.doi.org/10.4135/9781529724554 SAGE © Ahmed Maamoun 2020 SAGE Business Cases Page 2 of 10 Coca-Cola Brews a Hot Acquisition: Costa Coffee http://dx.doi.org/10.4135/9781529724554 Abstract The Coca-Cola Company, created in 1886, is the world’s largest beverage corporation, offering over 500 brands to consumers in 200 countries. The company’s revenues and profits have been dwindling over the last decade, due to the shrinking soda market, as consumers are turning away from sugary drinks, and cities are imposing soda taxes. While carbonated soft drinks (CSD) sales are declining, coffee consumption is on the rise. In August 2018, Coca-Cola decided to get a USD 5 billion shot of caffeine, and acquired the British coffeehouse Costa. The acquisition was finalized in January 2019, and now the U.S. beverage giant has access to almost 4,000 Costa stores in 32 countries. Coffee is the second most-traded global commodity after oil, and the United States is the largest coffee market in the world, with 450 million cups consumed daily. The possibilities are endless with Coke’s new global coffee platform, and the acquisition is likely to have a ripple effect for major c ...
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NOT FO R SALE The Coca-Cola Company Struggles with Ethical Crises Coca-Cola has the most valuable brand name in the world and, as one of themost visible companies worldwide, has a tremendous opportunity to excel inall dimensions of business performance. However, over the last ten years, the firm has struggled to reach its financial objectives and has been associated with a num- ber of ethical crises. Warren Buffet served as a member of the board of directors and was a strong supporter and investor in Coca-Cola but resigned from the board in 2006 after several years of frustration with Coca-Cola’s failure to overcome many challenges. Many issues were facing Doug Ivester when he took over the reins at Coca- Cola in 1997. Ivester was heralded for his ability to handle the financial flows and details of the soft-drink giant. Former-CEO Roberto Goizueta had carefully groomed Ivester for the top position that he assumed in October 1997 after Goizueta’s untimely death. However, Ivester seemed to lack leadership in handling a series of ethical crises, causing some to doubt “Big Red’s” reputation and its prospects for the future. For a company with a rich history of marketing prowess and financial performance, Ivester’s departure in 1999 represented a high-profile glitch on a relatively clean record in one hundred years of business. In 2000 Doug Daft, the company’s former president and chief operating officer, replaced Ivester as the new CEO. Daft’s tenure was rocky, and the company continued to have a se- ries of negative events in the early 2000s. For example, the company was allegedly involved in racial discrimination, misrepresenting market tests, manipulating earn- ings, and disrupting long-term contractual arrangements with distributors. By 2004 Daft was out and Neville Isdell had become president and worked to improve Coca- Cola’s reputation. C A S E 2 We appreciate the work of Kevin Sample, who helped draft the previous edition of this case and Melanie Drever, who assisted in this edition. This case was prepared for classroom discussion rather than to illustrate either effective or ineffective handling of an administrative, ethical, or legal decision by management. All sources used for this case were obtained through publicly available material and the Coca-Cola website. 42810_02_cs02_p308-317.qxd 3/6/09 12:57 PM Page 308 NOT FO R SALE HISTORY OF THE COCA-COLA COMPANY The Coca-Cola Company is the world’s largest beverage company, and markets four of the world’s top five leading soft drinks: Coke, Diet Coke, Fanta, and Sprite. It also sells other brands including Powerade, Minute Maid, and Dansani bottled water. The com- pany operates the largest distribution system in the world, which enables it to serve cus- tomers and businesses in more than two hundred countries. Coca-Cola estimates that more than 1 billion servings of its products are consumed every day. For much of its early history, Coca-Cola focused on cultivating ma.
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Coke presentation
1.
Coca-Cola in Latin
America
2.
History From National
Icon to International Ideology
3.
4.
5.
6.
7.
8.
9.
10.
11.
Labor Disputes Coca-Cola
and Bottling Franchises in Latin America
12.
13.
14.
15.
16.
17.
Advertising Coke Targets
its Latin American Market
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
Universality Speaking to
all consumers in a common language: the fulfillment of desire
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
Popular Responses: The
Unsatisfied Customers
41.
42.
43.
Responses to the
murder of labor leaders. “ Coca-Cola mata!” (Coke kills. -in reference to Columbia.) “ Coca-Cola: La Chispa de la Muerte.”* (“Coca-Cola: The Sparkle of Death.”) *- Pendergrast, p. 332
44.
45.
46.
THE END
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