Word: coca-cola
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...question-and-answer session following his remarks, Patrick fielded a handful of inquiries about his role as executive vice president and general counsel of the Coca-Cola Company, which he left last year after a dispute with the company’s CEO. During Patrick’s tenure, the company dealt with a lawsuit alleging that the company held responsibility for human rights violations committed in a Colombian labor dispute...
...last night’s meeting, Patrick said that he still stood by a Coca-Cola investigation that he said “persuaded us that those allegations of a conspiracy were false...
Earlier this month, Patrick signed a $2.1 million consulting contract with Coca-Cola that will stay in effect until the end of this year...
...Hence the caution of Western businesses like Dixons. "The politics do concern us," says Grant Winterton, Coca-Cola's regional manager for Russia, Ukraine and Belarus. The beverage titan knows the risks firsthand. Coca-Cola invested $800 million in the 1990s to build 11 plants in Russia and an extensive distribution system. The company's fortunes took a severe knock in 1998, when Russia was hit by a debt crisis and massive devaluation of its currency. But since then Coca-Cola's Russian operations have grown back to profitability, Winterton says, and it currently has half of Russia...
...Indeed, Coke's acquisition of Multon marks a deeper commitment to the Russian market, linked to the emergence of viable Russian consumer brands. Winterton says Coca-Cola thought about introducing its own juices in Russia, but decided to acquire Multon because the Russian firm was already well established, with strong local brands. "It's a very good business that would be hard to compete against," he says. The story is the same at Orkla, a $5 billion Norwegian consumer goods and chemicals conglomerate that last December bought a Russian confectionery company called SladCo for an undisclosed amount. SladCo's revenues...