Gay rights activists plan to defy Russian President Vladimir Putin and pressure Olympic sponsors including Coca-Cola Co. during the Sochi Games by encouraging athletes to protest a national ban on homosexual “propaganda.”
Coca-Cola Co. and Coca-Cola HBC AG invested 22 million euros ($30 million) in a new production line at a Romanian bottling plant to help transform the Balkan state into an export hub for 100 million consumers in eastern Europe.
Mexico is turning to its tax system to tackle the highest obesity levels in North America or Europe, with plans to raise levies on the fatty foods and sugary sodas that contribute to more deaths than drug violence.
Coca-Cola Co. will expand calorie labeling to the front of all packages and reiterated its pledge not to advertise to children under 12 anywhere as the world’s largest soft-drink maker fights criticism that it is contributing to obesity.
Coca-Cola Co. said profit fell 4 percent last quarter, the second decline in a row, as sales were sapped by economic weakness in China and Europe, shifting tastes in the U.S. and unseasonable weather in places such as India.
Coca-Cola Co., the world’s largest soft-drink maker, said fourth-quarter profit rose 13 percent as sales of non-carbonated drinks in North America such as Powerade helped counter lower demand in Europe.