Muhtar Kent, who was promoted to the position of president and chief operating officer of Coca-Cola last week, believes that U.S. soda sales can rebound with the help of strategies he has applied successfully in Australia and Western Europe. Kent wants to develop a "winning culture" in the U.S. and "focus on what the consumer wants."
Tesco plans to open a 32,500-square-foot store in a former Albertsons location in Los Angeles, double the size store that retail analysts were originally expecting from the grocer. Tesco expects to invest $470 million in its West Coast business and open 150 stores in Southern California, Las Vegas and Phoenix.
After several people in Georgia fell ill after drinking carrot juice, the FDA issued a consumer warning regarding the refrigeration of juice. The agency does not believe the toxins were present in the juice before opening.
Coca-Cola launched a $14.8 million ad campaign in the U.K. for Coke Zero. Sugar-free drinks represent more than 40% of the soft drink market in the U.K., where Coke's traditional carbonated drink sales have been in decline. The company also plans to launch a bottled water product in the U.K.