Warren Buffett, speaking last April at Coca-Cola Co.’s annual meeting, warned that the beverage giant shouldn’t get complacent about its success. Ten months later, those words could come back to haunt the company.
Coca-Cola Co., the world’s largest beverage company, dropped the most in more than two years after North American soft-drink demand shrank and its once- effervescent growth in emerging markets showed signs of slowing.
Most U.S. stocks rose, with the Standard & Poor’s 500 Index climbing to within eight points of a record, as a $25 billion deal to acquire Forest Laboratories Inc. offset slower growth in New York-area manufacturing.
Coca-Cola Co. agreed to buy a 10 percent stake in Green Mountain Coffee Roasters Inc. for about $1.25 billion and work with the maker of Keurig coffee brewers to introduce a system for producing single-serve cold drinks.
Coca-Cola Co. Chief Executive Officer Muhtar Kent, trying to speed efforts to improve the company’s North American distribution system, shook up his management team, resulting in the departure of a leader once considered a contender to succeed him.
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.