Coca-Cola is building a new $70-million facility in northeast Calgary, and Premier Danielle Smith took advantage of the news to remind businesses that Alberta is “Canada’s lowest tax jurisdiction.” In a July 10 social media post, Ms. Smith thanked Coca-Cola Canada Bottling Limited (Coke) for the “vote of confidence.” “Alberta is Canada’s lowest tax jurisdiction,…
Coke Invests $70 Million in New Calgary Facility; Candy Can Soft Drink Competitor Launches in Canada
ANALYSIS: From Bud Light to Disney, How Left-Wing Causes Are Infiltrating Corporate Advertising
April 17, 2023
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Anheuser-Busch’s controversial sponsorship of trans influencer Dylan Mulvaney in an advertising campaign for its beer brand Bud Light is just the most recent example of corporations championing progressive causes—and then having to backpedal when they discover that the message proves divisive. In an attempt to quell a backlash among Bud Light drinkers, Anheuser-Busch CEO Brendan…
‘This Was Somebody’s Home’: Virginian Photographs Nostalgic Abandoned Buildings of Simpler Days
“This was somebody’s home, and somehow they lost their home,” said weekend photographer Michael Wade, 68, who has been documenting the nostalgic stories of abandoned buildings through his lens since 2018. “That personally resonates with me greatly because I had to struggle so hard to keep my family from losing our home.” The sunken roofs…
Coca-Cola HBC’s Annual Profit Beats, Warns of Price Increases
Coca-Cola HBC AG on Tuesday reported better-than-expected full-year operating profit and said it will increase prices this year to tackle an increase in costs. Most companies have hiked prices in a bid to pass on some of these costs to their consumers. Although a cost of living crisis has seen a shift in consumer spending,…
Coca-Cola Bottler Starts Making ‘Dobry Cola’ in Russia
NEW YORK—Coca Cola HBC AG has started making a local cola, Dobry Cola, in Russia after stopping production and sales of Coca-Cola Co. products following the mass exodus of Western companies earlier this year. Dobry has been a juice brand in Russia but Coca-Cola HBC, which is separate from Coca-Cola Co., said earlier this month…
Coca-Cola and McDonald’s Left Russia—Their Brands Stayed Behind
NEW YORK/MOSCOW—Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorized imports clamoring to fill the void they leave behind, a risky bid as courts show little sympathy for firms that depart. Companies pulled back from Russia this spring after Moscow sent thousands of troops into Ukraine, in…
Elon Musk Jokes About Buying Manchester United, Causing Stir
Elon Musk, the world’s richest person, briefly lifted the gloom over Manchester United’s shares and fans on Wednesday by posting on Twitter that he was buying the English soccer club—only to say a little later it was all part of “a long-running joke.” One of the world’s most successful soccer clubs, the Manchester United is…
Coca-Cola HBC Flags One-Time $195 Million Hit From Russian Operations
August 11, 2022
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Coca-Cola HBC AG said on Thursday it took a one-time hit of 190 million euros ($195.4 million) in the first half from costs related to its Russian business after it stopped selling Coke and other Coca-Cola Co. products in the country. The soft drinks bottler also reinstated its forecast for the year, expecting annual comparable…
Coca-Cola Boosts Annual Revenue Forecast After Unexpected Surge in Demand
Coca-Cola reported that it raised its annual revenue forecast on July 26, after a better than expected report, that demand for its sodas went up despite price increases to combat rising costs. The company’s second-quarter earnings for 2022 exceeded expectations, boosting investor confidence that the soda giant will be able to navigate through a period…
Pemberton’s French Wine Coca & Other Investment Adventures
Commentary “Despite his notoriously controversial personality, Detroit Tiger legend Ty Cobb holds the highest career batting average of any player in MLB history at .366. In 24 seasons (22 with the Tigers), Cobb amassed 4,189 hits, scored 2,245 runs, and stole 897 bases. Cobb won 11 batting titles, one MVP award, and was one of…
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