Coca-Cola Company
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Coca-Cola's corporate headquarters in Atlanta, Georgia, United States
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| Public | |
| Traded as | |
| Industry | Beverage |
| Founded | May 8, 1886 Atlanta, Georgia, U.S. |
| Founders |
John Pemberton as Coca-Cola Asa Griggs Candler as The Coca-Cola Company |
| Headquarters |
One Coca-Cola Plaza, Atlanta, Georgia, United States |
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Area served
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Worldwide except North Korea |
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Key people
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Muhtar Kent (Chairman and CEO) James Quincey (President and COO) |
| Products | List of The Coca-Cola Company products |
| Revenue |
 US$41.863 billion (2016) |
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US$8.626 billion (2016) |
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US$6.527 billion (2016) |
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| Total assets |
US$87.270 billion (2016) |
| Total equity |
US$23.062 billion (2016) |
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Number of employees
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123,200 (2016) |
| Subsidiaries | List of The Coca-Cola Company subsidiaries |
| Website | Coca-ColaCompany |
The Coca-Cola Company, which is headquartered in Atlanta, Georgia, but incorporated in Wilmington, Delaware, is an American multinational beverage corporation, and manufacturer, retailer, and marketer of nonalcoholic beverage concentrates and syrups. The company is best known for its flagship product Coca-Cola, invented in 1886 by pharmacist John Stith Pemberton in Columbus, Georgia. The Coca-Cola formula and brand were bought in 1889 by Asa Griggs Candler (December 30, 1851 – March 12, 1929), who incorporated The Coca-Cola Company in 1892. The company has operated a franchised distribution system since 1889, wherein The Coca-Cola Company only produces syrup concentrate, which is then sold to various bottlers throughout the world who hold exclusive territories. The Coca-Cola Company owns its anchor bottler in North America, Coca-Cola Refreshments.
The company's stock is listed on the (NYSE: KO) and is part of DJIA, the S&P 500 index, the Russell 1000 Index, and the Russell 1000 Growth Stock Index. As of 2015, its chairman and its CEO is Muhtar Kent. In December 2016, it was announced that James Quincey, the chief operating officer would replace Kent as CEO.
The company has a long history of acquisitions. Coca-Cola acquired Minute Maid in 1960, the Indian cola brand Thums Up in 1993, and Barq's in 1995. In 2001, it acquired the Odwalla brand of fruit juices, smoothies, and bars for $181 million. In 2007, it acquired Fuze Beverage from founder Lance Collins and Castanea Partners for an estimated $250 million. The company's 2009 bid to buy a Chinese juice maker ended when China rejected its $2.4 billion bid for the Huiyuan Juice Group, on the grounds the resulting company would be a virtual monopoly. Nationalism was also thought to be a reason for aborting the deal. In 1982, Coca-Cola purchased Columbia Pictures for $692 million. It sold the movie studio to Sony, for $3 billion, in 1989. In 2013, Coca-Cola finalized its purchase of ZICO, a coconut water company. In 2011, the Coca-Cola company bought the rest of the organic tea company Honest Tea, after buying a 40% stake in the company in 2008. In 2015, the company took a minority stake ownership in the cold pressed juice manufacturer, Suja Life LLC.
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