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In 1993, Coca-Cola re-entered the market, and the three companies competed intensely. Later in the year, Coca-Cola bought the Parle-owned drinks Gold Spot, Limca and Thums Up for $60 million (equivalent to $90 million in 2023). When these were sold to Coca-Cola, Thums Up had a market share of 85 percent in India. [10]
Along with other Parle brands, Thums Up, Limca, Gold Spot and Maaza, Citra was sold to Coca-Cola in 1993 in a deal that was reportedly worth $40 million. [2] [3] At the time of sale, the Parle brands together had a 60% market share in the aerated water industry. [4] The brand was strong in South India. [5]
The $10.04 billion figure beat the analyst consensus of $9.75 billion. Coca-Cola was up 1.75% at $55.43 at press time. View more earnings on KO See Also: Why Are Coca-Cola Shares Trading Higher Today?
In 1992, when the Indian government allowed Coca-Cola to return for operations, at the same time as it admitted Pepsi for the first time, Coca-Cola bought local soft-drink (soda) brands, from Parle Bisleri owner Ramesh Chauhan including Limca, Thums Up (a cola-like drink), Maaza (a mango-juice based drink), Citra (a clear lemon-lime drink), and ...
Coca-Cola brand soft drinks are an American icon, from the fuzzy polar bear that serves as the company mascot to the 1971 "I'd Like To Buy the World a Coke" ad campaign. Atlanta, the birthplace of...
Coca-Cola's financials are as rock solid as it gets, and it's a company that you can trust for the long haul. Coke's products sell regardless of the economy, and it has premium brands that give it ...
Campa Cola; Coca-Cola. Caffeine Free Coca-Cola; Coca-Cola Black Cherry Vanilla; ... Thums Up; Vault (discontinued in 2011) Vault Red Blitz (discontinued in 2011) PepsiCo
Global Powdered Beverages Market 2024 to 2034: Nestle and Coca-Cola Lead as Top Players in the Market: Future Market Insights Predicts NEWARK, Del, Sept. 06, 2024 (GLOBE NEWSWIRE) -- According to Future Market Insights, the powdered beverage market size is projected to reach a valuation of USD 5.38 billion in 2024, driven by a growing ...