Latest news with #bottler
CNA
6 days ago
- Business
- CNA
Coca-Cola Europacific Partners tempers annual revenue forecast on Indonesia weakness
Coca-Cola Europacific Partners tempered its annual revenue forecast on Wednesday, citing softer demand in Indonesia due to geopolitical tensions in the Middle East and a challenging macroeconomic environment. The bottler, which operates across Western Europe, the Middle East, Australia and New Zealand, said Southeast Asia volumes were hit by brand boycotts in Indonesia, a Muslim-majority country, in response to the conflict in Gaza. Coca-Cola Europacific Partners expects annual comparable revenue to be between 3 per cent and 4 per cent, compared with a prior forecast of about a 4 per cent rise.
Reuters
6 days ago
- Business
- Reuters
Coca-Cola Europacific Partners tempers annual revenue forecast on Indonesia weakness
Aug 6 (Reuters) - Coca-Cola Europacific Partners tempered its annual revenue forecast on Wednesday, citing softer demand in Indonesia due to geopolitical tensions in the Middle East and a challenging macroeconomic environment. The bottler, which operates across Western Europe, the Middle East, Australia and New Zealand, said Southeast Asia volumes were hit by brand boycotts in Indonesia, a Muslim-majority country, in response to the conflict in Gaza. Coca-Cola Europacific Partners expects annual comparable revenue to be between 3% and 4%, compared with a prior forecast of about a 4% rise.
Yahoo
16-07-2025
- Business
- Yahoo
Mondelez executive to join Hindustan Coca-Cola Beverages as CEO
The Coca-Cola Company has named Hemant Rupani as the CEO of Hindustan Coca-Cola Beverages (HCCB), the US giant's largest bottler in India. Rupani, who will join HCCB in September, will succeed Juan Pablo Rodriguez, who is 'moving to a new opportunity' within the Coca-Cola system, a statement from The Coca-Cola Company read. The Diet Coke owner said Rupani is a 'highly accomplished business leader who has delivered impressive results and driven commercial success over his career' across both Indian and multinational organisations. He will join HCCB after a nine-year tenure at Mondelez International, where he most recently worked as the business unit president for the snacks giant's business in South East Asia. Rupani's responsibilities covered markets including Indonesia, the Philippines, and Vietnam, along with Malaysia, Singapore, and Thailand. His career also includes nine years working for PepsiCo across two stints. Rupani's appointment coincides with ongoing restructuring efforts within Coca-Cola's independent bottling structure in India. In December, Coca-Cola announced that Jubilant Bhartia Group would acquire a 40% stake in Hindustan Coca-Cola Holdings, HCCB's parent company. During the same month, HCCB divested its bottling operations in Jharkhand to Moon Beverages. Earlier last year, the group sold three of its bottling facilities to SLMG Beverages, Moon Beverages, and Kandhari Global Beverages. Recently, Kandhari Global Beverages expanded its portfolio by purchasing the bottling operations of Wave Beverages, another Indian beverage company. The acquisition followed Kandhari's earlier purchase of bottling facilities in northern Gujarat and Diu from HCCB. "Mondelez executive to join Hindustan Coca-Cola Beverages as CEO" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
