Business

Real reasons Coca-cola decided to delve into alcohol production


For the first time in Coca-Cola’s 125-year history, the company is planning to produce an alcoholic product in Japan.

The BBC reports that the company is keen to cash in on the country’s growing taste for Chu-Hi, a canned sparkling flavoured drinks given a kick with a local spirit called shochu.

The product is typically between 3 per cent and 8 per cent alcohol by volume.

A senior Coke executive in Japan told BBC the move was a modest experiment for a specific slice of its market.

Jorge Garduno, Coca-Cola’s Japan president said, “We haven’t experimented in the low alcohol category before, but it’s an example of how we continue to explore opportunities outside our core areas.”

As the mordern consumer becomes more health conscious, Coca-Cola has been diversifying from fizzy drinks, including buying water and tea brands.

Last November, Wells Fargo analyst Bonnie Herzog speculated that Coca-Cola might move into alcohol, as it looked to “premium segments such as adult craft beverages”.

The phrase alcopop, with which the company hopes to model its alcoholic drink, typically refers to sweet but alcoholic drinks. In the 1990s UK brands of same content such as Hooch, Reef, Smirnoff Ice and Bacardi Breezer became hugely popular.

But they were controversial, raising concerns that they encouraged young people to drink alcohol in large quantities because “they were so easy to consume”.

It is, however, still unclear whether the alcoholic drink would be sold outside of Japan, Mr. Garduno noted.

Sahara Weekly

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

Recent Posts

Wema Bank Celebrates Remarkable Journey of 79 years

Wema Bank Celebrates Remarkable Journey of 79 years     In a remarkable celebration of…

4 hours ago

Celebrating Gbajabiamila’s Twin Babies In NASS* By Philip Agbese

Celebrating Gbajabiamila’s Twin Babies In NASS By Philip Agbese     As the dust settles…

4 hours ago

Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of N45 billion

Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of…

6 hours ago

NANS Cautions Members On Blackmail, Dirty Politics

NANS Cautions Members On Blackmail, Dirty Politics - Says Minister Is On Top Of The…

15 hours ago

Federal Housing Authority goes digital …As the MD/CEO flags off Digitalisation drive

Federal Housing Authority goes digital ...As the MD/CEO flags off Digitalisation drive.     The…

15 hours ago

Folasade Omotoyinbo Marks Birthday In Style, Empowers 200 Youths, Gifts 500 People Food Items In Lagos

Folasade Omotoyinbo Marks Birthday In Style, Empowers 200 Youths, Gifts 500 People Food Items In…

19 hours ago