GERMANY: Coke fails to reach restructuring deal
Coke's negotiations with its German bottlers have hit a hurdle. German news sources said today that the eight bottling companies represented at the talks had rejected the restructuring plans Coca-Cola Co had hoped to push through.
The association of independent German Coca-Cola concessionaires (CCIV) said Coke had sought to group its German bottling, sales and marketing and delivery operations in a single business.
Coke also wanted to put an end to bottling concessions with local vendors. However, CCIV said it was after a clear sign from Coke as to what it was ready to pay in return.
CCIV added that it didn't expect an agreement in the short term.
Sectors: Soft drinks
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