Coca-Cola
Turkish parliament removes brands from menu over alleged Israel support
Turkey's parliament has removed Coca Cola and Nestle products from its restaurants over their alleged support for Israel amid the conflict in Gaza, according to a parliament statement and a source who named the two companies.
The two companies did not immediately respond to a request for comment.
CCHBC posts 15.3% rise in organic revenue in Q3
Coca-Cola HBC AG on Tuesday reported a 15.3% increase in organic revenue in the third quarter of 2023, with organic revenue growth of 17% in the year.
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Production costs drop for CCHBC
A decline in production costs, including for energy, and rises in the prices of its products, helped bottler Coca-Cola HBC boost its net sales revenue and profitability in the first half of 2023.
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New players enter the beverage market
New players are entering the juice and soft drinks market by acquiring existing companies, although, for the moment, none is challenging the dominance of Coca-Cola HBC.
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WHO: Aspartame is a possible Carcinogen
Two separate World Health Organization expert panels have declared the sweetener aspartame a "possible carcinogen". However, it remains safe to consume within the recommended levels already established.
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ATHEX: Negligible loss for benchmark
A balanced session with particularly low turnover brought the week to a close at the Greek stock market as external pressures were mostly offset by the upward moves by blue chip heavyweights Coca-Cola HBC and Piraeus Bank. The slip of the main index took the weekly result from a rise to a marginal loss.
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CCHBC buys Finlandia vodka
Athens-listed Coca-Cola Hellenic Bottling Company has announced the acquisition of Finlandia vodka from Brown-Forman Finland, for $220 million.
Founded in 1970, Finlandia is a leading vodka brand in Central and Eastern Europe with annual volumes of 2.7 million nine-liter cases worldwide, of which more than 60% is produced within the Coca-Cola HBC geographical footprint.
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Debate erupts over corporate logos at ancient monuments
The use of the logos of multinational corporations at ancient monuments has caused a stir on social media, with critics expressing "horror," "disgrace," and crying, "Sacrilege." The most recent controversy was created by the logos of Levi's, McDonalds, Apple, Marlboro and other American companies on the sets of the "Madama Butterfly" opera presented at the Herod Atticus Theater (photo) by the G
Challenges lie ahead for CCHBC
Athens-listed Coca-Cola HBC is looking forward to even greater growth rates after 2023, with investments in new products that will serve the 24/7 strategy (products for all hours of the day and all days of the week), through capitalizing on the data it attaches great importance to, and by optimizing its performance at each point of sale.
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ATHEX: Bourse ends week with gains of 2.4%
The main index at the Greek bourse cleared the 1,100-point bar with relative ease on Friday, ending a week of gains and moderate trading volume. This last session of the week showed price growth across the board in what was the fourth consecutive day of gains for the benchmark.
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