Who Owns Sprite?

The Coca-Cola Company owns Sprite. Indeed, born as an independent brand and developed in West Germany in 1959. In the 1960s, Sprite became quite popular, becoming associated with the hip-hop and basketball culture by the 1980s. The Coca-Cola Company acquired the rights to Sprite's brand in 1960. Today Sprite is part of the Coca-Cola empire, a powerhouse of drinks brands that generated $43 billion in 2022. Related Visual Stories Coca-Cola Revenue Coca-Cola generated over $43 billion in revenue in 2022, compared to over $38 billion in 2021. Coca-Cola Profits Coca-Cola generated $9.54 billion in net profits in 2022. Compared to over $9.7 billion in net profits in 2021. Coca-Cola Business Strategy Coca-Cola follows a business strategy (implemented since 2006) where through its operating arm - the Bottling Investment Group - it invests initially in bottling partners operations. As they take off, Coca-Cola divests its equity stakes, and it establishes a franchising model, as long-term growth and distribution strategy. Who Owns Coca-Cola Coca-Cola's top investors include Warren Buffet's company, Berkshire Hathaway, with 9.25% of shares, and other mutual funds like The Vanguard Group, holding 8.51% of shares, and BlackRock owning over 7.19% of shares of the company. Other individual investors like Herbert A. Allen, director of The Coca-Cola Company since 1982, and Barry Diller, Chairman of the Coca-Cola board since 2002. And former CEO Muhtar Kent. Coca-Cola Mission Statement Coca-Cola's Purpose is to "refresh the world. make a difference." Its vision and mission are to "craft the brands and choice of drinks that people love, to refresh them in body & spirit. And done in ways that create a more sustainable business and better-shared future that makes a difference in people’s lives, communities, and our planet." Coca-Cola SWOT Analysis Coca-Cola is the market leader of the soft drink industry. It is also the most widely recognized brand, with a Business Insider study revealing that a staggering 94% of the world population recognizes the red and white logo. However, Coca-Cola faces significant challenges with increasingly health-conscious consumers and less access to water resources. Coca-Cola PESTEL Analysis What Does Coca-Cola Own? The Coca-Cola Company is an American multinational beverage corporation founded in 1892 by pharmacist Asa Griggs Candler. Many consumers associate the company with its signature soda in a red can or bottle. In truth, however, The Coca-Cola Company owns a plethora of soft drink, juice, tea, coffee, and other beverage brands. Coca-Cola Competitors The Coca-Cola Company has 21 different billion-dollar brands or brands that generate more than $1 billion or more in revenue each year. The company also sells its products in nearly every country in the world, with Cuba and North Korea the only two countries where it is not sold officially. What’s more, the Coca-Cola brand is worth $87.6 billion, making it one of the most valuable among all companies. Though these figures allow Coca-Cola to enjoy market dominance in many countries, the company is nevertheless subject to intense competition. What Does PepsiCo Own? PepsiCo was founded in 1902 by American pharmacist and businessman Caleb Bradham as the Pepsi-Cola Company. Bradham, who hoped to emulate the success of Coca-Cola, marketed the beverage from his pharmacy and registered a patent for its recipe the following year. Today, Pepsi is a global company with a portfolio of 23 billion-dollar brands, or brands earning more than $1 billion in annual revenue. Sixteen of these brands are beverage-related, while the remaining seven are associated with snacks and other food products. PepsiCo Revenue PepsiCo Profits Coca-Cola vs. PepsiCo Coca-Cola generated over $38 billion in revenue, compared to PepsiCo's over $79 billion. Pepsi Competitors In 1965, PepsiCo acquired Frito-Lay in what the chairmen of both companies called a “marriage made in heaven”. The resultant company transformed PepsiCo from a soft drink organization and set it on a path to becoming one of the world’s leading food and beverage companies. Today, PepsiCo claims to operate in more than 200 countries and territories around the world with seven distinct divisions and many successful brands.

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Gennaro Cuofano