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Asa Griggs Candler Sr. (December 30, 1851 – March 12, 1929) was an American business tycoon and politician who in 1888 purchased the Coca-Cola recipe for $238.98 [1] from chemist John Stith Pemberton in Atlanta, Georgia.
John Stith Pemberton (July 8, 1831 – August 16, 1888) was an American pharmacist and Confederate States Army veteran who is best known as the inventor of Coca-Cola. On May 8, 1886, he developed an early version of a beverage that would later become Coca-Cola, but sold the rights to the drink shortly before his death in 1888.
Not codified by any signed document, a verbal statement given by Asa Candler years later asserted under testimony that he had acquired a stake in Pemberton's company as early as 1887. [22] John Pemberton declared that the name "Coca-Cola" belonged to his son, Charley, but the other two manufacturers could continue to use the formula. [23]
This is never part of the official Coke story, as today's Coke traces its origins its incorporation by Asa G. Candler in 1892, but it is nonetheless an important part of Coke's history. Candler ...
After Asa Candler purchased the formula in 1899 from its developer, druggist John Pemberton, the latter's alcoholic son Charley Pemberton returned from Louisville, Kentucky the next year. He claimed his father had promised him the rights to the formula.
Coca-Cola inventor John Pemberton is known to have shared his original formula with at least four people before his death in 1888. [1] In 1891, Asa Candler purchased the rights to the formula from Pemberton's estate, founded the Coca-Cola Company, and instituted the shroud of secrecy that has since enveloped the formula. He also made changes to ...
In 1888 Pemberton sold the formula to Asa G. Candler, another Atlanta pharmacist and businessman, for a total investment of $2,300 before Pemberton died. [2] Coca-Cola was granted a charter in 1892 and became the official Georgia Corporation named the Coca-Cola Company with Asa G. Candler, his brother John S. Candler, Frank M. Robinson and two ...
In 1899, Benjamin Thomas and Joseph Whitehead, two lawyers from Chattanooga, Tennessee, approached Coca-Cola President Asa Candler about buying Coca-Cola bottling rights.. At the time, soda fountains were the predominant way of consuming carbonated beverages in the United States.