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Coca-Cola PH plan to divest bottling plant, a long term plan
Coca-Cola PH plan to divest bottling plant, a long term plan
Cathy Yang,
ABS-CBN News
Published Aug 28, 2019 02:59 PM PHT
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Updated Aug 28, 2019 03:42 PM PHT
Coca-Cola products are shown in the company's Philippines' office. ABS-CBN News
MANILA -- Coca-Cola is looking to divest its bottling operations in the Philippines as part of its long-term push worldwide to focus on its core marketing business, its country manager said Wednesday.
While there are no immediate plans to sell the 51-percent stake previously held by Meixco's FEMSA, focusing on it its core business aligns with the rest of the world, Coca-Cola Philippines President and General Manager Winn Everhart said.
Coca-Cola Philippines has been handling both bottling and marketing of Coke products since FEMSA sold back its 51-percent stake last year.
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