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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]
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 ...
The article currently states that Thums Up had an 85% market share when Coke was introduced, a figure supported by a source. But here's another source that gives the number as 36%. Is there any way we can get official statistics?
Coca-Cola (NYSE: KO) will likely be selling many more beverages in a few years than it did in 2024. There's little to challenge the beverage giant's dominant global network, which accounts for ...
Coca-Cola, which owns a massive portfolio of well-known beverages, is a slower-growing market leader. But over the past 12 months, Celsius' stock price plummeted 40% as Coca-Cola's stock price ...
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...
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]
More than 100 years ago, a product was born that would change the beverage landscape forever. Dr. John Stith Pemberton created the syrup used for Coca-Cola and carried a jug of it down to a local ...