The Coca-Cola Company is the world’s
largest multinational beverage corporation and manufacturer, retailer
and marketer of non-alcoholic beverage concentrates and syrups. The
company is best known for its flagship product Coca-Cola, invented in 1886
by pharmacist John Stith Pemberton in Columbus, Georgia. The
Coca-Cola formula and brand was bought in 1889 by Asa Candler who
incorporated The Coca-Cola Company in 1892.
The Coca-Cola Company
offers more than 500 brands in over 200 countries, besides its namesake Coca-Cola beverage.
Coca Cola was the
leading soft drink brand in India until 1977 when it left rather than reveal
its formula to the government and reduce its equity stake as required under the
FERA which governed the operations of foreign companies in India.
The Coca-Cola Company
re-entered India through its wholly owned subsidiary, Coca-Cola India Private
Limited and re-launched Coca-Cola in 1993 after the opening up of the Indian
economy to foreign investments in 1991. Since then its operations have grown
rapidly through a model that supports bottling operations, both company owned
as well as locally owned and includes over 7,000 Indian distributors and more
than 1.3 million retailers.
The Coca-Cola
Company’s brands in India include Coca-Cola, Fanta Orange, Fanta Apple, Limca,
Sprite, Thums Up, Burn, Kinley, Maaza, Maaza Milky Delite, Minute Maid Pulpy
Orange, Minute Maid Nimbu Fresh and Nestea Iced tea, the Georgia Gold range of
teas and coffees and Vitingo (a beverage fortified with micro-nutrients).
Coca Cola, being the
leader in the market is also awarded as the best marketed product. It enjoys
the largest market share in the global market.
By using various
marketing strategies over the years, coca cola has become the 2nd most
recognised work after “OK” in the world
No comments:
Post a Comment