Blog: Coca-Cola Enterprises Pulls Back
Chris Mercer | 9 September 2011
Coca-Cola Enterprises has stepped back from the eye of a political storm in France.
The bottler has reinstated its plan to invest EUR17m US$24m) in a bottling plant near Marseille, only 24 hours after suspending it. Such was the political backlash from what the company has termed a "communication error", the president of Coca-Cola Enteprises in Europe, Hubert Patricot, was forced to explain himself on French television.
Following yesterday's announcement, some French politicians accused the group of holding France to ransom, while labour minister Xavier Bertrand also expressed his dismay.
Coca-Cola moved quickly to patch up relations, even though Patricot said that the company still isn't pleased at all about the planned tax hike on added-sugar soft drinks.
All very confusing. It's a moment to forget for Coke - either it has bowed to political pressure, or it got its communications wrong. Whichever the reason, the episode shows that relations between French officials and Coke are as highly-strung as ever.
It's yet another sign that the legal marijuana business is moving closer to the alcohol industry in the US....
Collecting wine is big business – and so is faking it. So, how do you tell your Chateau Lafite from your Chateau La Counterfeit?...
Here in London, the second Wine Week has kicked off to coincide with UK wine trade event London Wine Fair. ...
Commuting in London is a drag. It’s overcrowded, sweaty and rarely goes to plan. In fact, it’s enough to turn a person to drink....
- Comment - Scotch's Battle with Age
- Focus - The Risks of Acquisitions
- SABMiller & Meantime: Notes for the New Owner
- Interview - Illva Saronno CEO Augusto Reina
- Are Coca-Cola, A-B InBev at a FIFA Crossroads?
- Pernod Ricard to up focus on consumers - CEO
- Diageo creates USL unit to oversee own brands
- Pernod Ricard on US starting blocks with Havanista
- Diageo to close Maryland bottling site
- A-B InBev GSA head in drink-driving crash
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Africa: The Final Frontier for Beer
- Global rum insights - market forecasts, product innovation and consumer trends research
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review