
On Tuesday, The Coca-Cola Co will release its first quarter results for 2017. Here, just-drinks takes a closer look at the company’s performance in the three months to the end of March.
- At the start of January, Coca-Cola confirmed it had wound down its tech start-up incubator platform
- Later in the month, the firm’s India subsidiary appointed operations head Shehnaz Gill to lead its 14 bottlers in the market, amid a shake-up of franchise-partner links
- Towards the end of January, the group opened a plant in Bangladesh, part of a US$74m investment in the country
- A month later and incoming CEO James Quincey warned of job cuts at the company. Quincey, who will replace Muhtar Kent on 1 May, said that Coca-Cola’s corporate centre will be “more focused and much leaner, going forward”
- At the start of March, Coca-Cola and Nestlé agreed to wind up their RTD tea joint-venture, Beverage Partners Worldwide, after 17 years
- Later in the month, Coca-Cola’s Canadian arm readied the nation-wide roll-out of the sparkling extension of its Glaceau Smartwater brand
- Towards the end of March, the firm announced several leadership changes, as Quincey prepares to take the reins
- The quarter ended with Coca-Cola completing its acquisition of the AdeS soy-based drinks business from Unilever.