What is Coca-Cola?
We all know what is coca-cola and how much familiar we are with the term. 95% of the time whenever we have a soft drink outside, it is of this Beverage Company. It became so much popularised in the late 20 th Century that it ruled the Global Market for decades before the invention of software giants and online product based companies.
What was the original purpose of Coca Cola?
It was originally intended as a patent medicine by John Stith Pemberton from Columbus, Georgia and sold the product as a Medicinal Beverage. Coca-cola was first sold at Jacob’s Pharmacy in Atlanta, Georgia, on May 8, 1886, where it was initially sold for five cents a glass.
Who owns Coca Cola?
In 1889, American Businessman Asa Griggs Candler purchased the Coca-cola formula and brand from Pemberton’s heirs with the intent to advertise and sell it as a Beverage to regular customers. In 1892, the Coca-cola company was formally founded in Atlanta by Candler.
How has Coca-Cola diversified its portfolio?
This investment was a key step for Coca-Cola expanding and diversifying its portfolio in the years to follow. Following the successful acquisition of Minute Maid, over the next few years, Coca-Cola introduced Sprite, the company’s first lemon-lime drink; TaB, its first diet drink; and Fresca, a sugar-free citrus drink.