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Coca-Cola Company

Atlanta Business Chronicle

James Quincey becomes the new CEO at the Coca-Cola Company May 1. As he replaces Muhtar Kent, he faces a myriad of challenges.

But according to the Atlanta Business Chronicle, industry watchers say Quincey is up for the challenge.  They say he understands the need to invest in a broad portfolio of products beyond sparkling beverages. The company is now focusing on low- and no-calorie products. That product mix is expected to focus on coffee, teas, juice and water drinks.

Jacques Brinon / Associated Press

Atlanta-based Coca-Cola's sales declined in the first quarter as it restructured its business, and the world's biggest beverage maker said it will trim 1,200 jobs starting later this year as it deepens its cost cutting.

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Paul Sakuma / Associated Press

Sales for Atlanta-based Coca-Cola Company fell during the second quarter of this year. The soft drink giant announced Wednesday it made $11.5 billion for the quarter, compared with $12.2 billion during the second quarter of last year. Coke says total revenue fell about 5 percent.  

Rob Entsminger

One hundred and thirty years.

That's how long Coca-Cola has been served.

And on Monday, a historic marker was dedicated at the intersection of Peachtree and Marietta streets in downtown Atlanta, the spot where the first Coke was ever poured.

"Wherever Coca-Cola goes, the city of Atlanta goes. And therefore, Coca-Cola is the city of Atlanta's gift to the world," Atlanta Mayor Kasim Reed said.

David Goldman / Associated Press

Friday on "Closer Look with Rose Scott and Jim Burress":

Michael Pugh / The Coca-Cola Co.

The Coca-Cola Co. will turn 130 years old on May 8, and there’s no company that brands Atlanta more than the beverage giant. As goes Coke, so goes Atlanta – and vice versa.

So holding this year’s annual meeting at the World of Coca-Cola for the first time was symbolic. The company was bringing its shareowners into the home they built. Not only was the meeting held there, the company opened the doors of the attraction for a special Shareowners Day at the World of Coca-Cola.

Mary Claire Kelly / WABE

One of the most important civic roles in Atlanta is the person who heads the Coca-Cola Foundation. The Coca-Cola Co. just named Helen Smith Price as the new president of its foundation – succeeding Lisa Borders, who left in March to become president of the WNBA.

The Coca-Cola Company looked internally to find the newest president of the Coca-Cola Foundation. 

Helen Smith Price has been with Coca-Cola since 1993, and she has been executive director of its foundation since 2001, when she worked hand-in-hand with legendary leader Ingrid Saunders Jones until her retirement.

The Atlanta Braves play their first game in SunTrust Park on Friday, March 31. It is an exhibition game against the New York Yankees.
Courtesy of the Atlanta Braves

You can still have a Coke and a smile as you watch the Atlanta Braves in their new home.

The Atlanta Braves and the Coca-Cola Co. joined forces when the team moved to Atlanta in 1966, and that partnership continues.

On Tuesday, the organizations announced a multiyear extension. 

The deal includes a Coca-Cola section at SunTrust Park as well as the naming rights to an entertainment venue in the mixed-use development that will be near the stadium.

The Coca-Cola Roxy Theatre will hold about 4,000 people and will host dozens of events per year.

In this Monday, Aug. 31, 2015 photo, a Coke truck delivers Coca Cola at the Farm Progress Show in Decatur, Ill.
Seth Perlman / Associated Press

It’s no secret that health care costs have been on the rise — employers and employees. That’s why the Atlanta-based Coca-Cola Company is banding together with 19 other major corporations to try to bring down health care costs.

Tevi Troy, CEO of the American Health Policy Institute, launched the Health Transformation Alliance, to which the companies now belong. He brought them together to find a way to reduce costs for their estimated 4 million employees. Troy says the companies all had various capabilities and lots of data, but lacked one key advantage to bringing down costs.

Alison Guillory / WABE

Things have gone "flat" for the anti-obesity group financially backed by the Coca-Cola Co.

The Global Energy Balance Network (GEBN) is calling it quits.

According to a statement on the nonprofit's website, "resource limitations" led to the nonprofit's demise.

GEBN had previously said it had an "unrestricted gift" from the Coca-Cola Co. and that the Atlanta-based soft drink giant had no input into its actions.

However, emails released last week showed the Coca-Cola Co. did have a say in the selection of GEBN's leaders.

Coca-Cola Sees Drop In Soft Drinks, Growth In Water

Oct 21, 2015
Leo Hidalgo / flickr.com/ileohidalgo

Fizzy soda is still Coca-Cola's biggest business, but that has been slowly changing.

The world's largest beverage maker got nearly three-quarters of its global sales volume from carbonated drinks last year. Yet most of its growth – 70 percent – came from non-carbonated drinks like bottled waters and teas in 2014, according to the company.

Coca-Cola Merger Plans Create Uncertainty For Atlanta

Aug 14, 2015
Coca-Cola bottle top
Justin Taylor / flickr.com/bludgeoner86

What a week for the Coca-Cola Company! 

First, Coca-Cola Enterprises announced a merger that will lead to Atlanta having one less Fortune 500 company but would make the company the largest independent bottler of Coca-Cola's products.

Then the Coca-Cola company announced a new president and COO, a position that has not existed since 2007. James Quincey clearly is being positioned as the possible successor to Muhtar Kent after he retires.

Leo Hidalgo / flickr.com/ileohidalgo

The Coca-Cola Company is "kicking it" with professional sports.

The Atlanta-based soft drink giant has signed a four-year sponsorship agreement with Major League Soccer and the United States Soccer Federation.

Coke replaces its long-time rival, PepsiCo Inc. as the MLS’ official non-alcoholic drink.