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The story begins in Atlanta, Georgia on May 8, 1886, when a pharmacist called Dr John Smith Pemberton first mixed Coca-Cola in his back yard. The formula, which was made from carbonated water, cane sugar syrup, caffeine, extracts of Kola nuts and cola leaves, was brought to the nearby Jacobs' Pharmacy where it made its debut as a soft drink the same day, selling for only 5 cents. His bookkeeper named this drink "Coca-Cola" after the first two ingredients. And the same distinctive script he wrote it in, is the same logo they use to this day. |
| In January 1893
Coca-Cola was registered with the U.S. patent office. Later on in 1915 the Root glass
company created the famous contour glass bottle for Coca-Cola in 1915. In 1917 Coca-Cola was found to be the world's most recognized trademark with a record of 3 million Coke's sold per day. Unfortunately, John Pemberton fell ill, and did not live to see his products success. |
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. Sadly, in the first year of Cokes existance, Pemberton and his partner only made $50. Pemberton sold two-thirds of his business in 1888 to cover his losses and keep the business afloat. He died later that year, and Mr Asa Candler, an Atlanta druggist, purchased total interest in Coca-cola for an unbelievable $2 300 in 1891. In 1891, Candler and his brother formed the Coca-Cola Company. |
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| In 1893 Candler registered Coca-Cola as a
patented trademark. He also responded to growing concerns over the dangers of cocaine by
reducing the amount of coca in the drink to a trace. However, he kept some coca extract in
Coca-Cola so the name would accurately describe the drink. Candler only had a patent on
the name, and not the drink syrup-that is, the drink's base, containing all the
ingredients minus the carbonated water. He figured that keeping the coca in his formula
would legally allow the company to distinguish its drink from imitations. Other companies
also produced soda drinks made with kola nut extracts. In particular, the Pepsi-Cola
Company and its cola of the same name would become Coca-Cola's major competitor over the
next few decades. Candler also spent more than $11,000 on his first massive advertising campaign in 1892. The Coca-Cola logo appeared across the country, painted as a mural on walls; displayed on posters and soda fountains where the drink was served; and imprinted on widely marketed, common household items, such as calendars and drinking glasses. In addition, Candler was the first person ever to use coupons to gain customers for a product. He distributed flyers offering free soda fountain glasses of Coca-Cola to people visiting his drugstore.
In 1915 the Root Glass Company created a contour glass bottle for Coke, its
design based on the curvature of a coca bean. This bottle design became a Coke trademark
worldwide. The same year, Candler retired from the company, passing it on to his children
and moving into politics. He was elected mayor of Atlanta in 1916. In 1919 the Candler family sold Coca-Cola to businessman Ernest Woodruff of
Columbus, Georgia, for $25 million. Woodruff's son, Robert, was elected company president
in 1923. Robert Woodruff was a skilled marketer, and he put more of the compancompany's
resources into market research than into manufacturing Coke. Two new Coke slogans were
developed under Woodruff: "The Pause that Refreshes" (1929) and "It's the
Real Thing" (1941). |
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During World War II (1939-1945), Woodruff also boosted Coke's popular image in the United States by pledging that his company would provide Coke to every U.S. soldier. The company did not limit itself, however, to only doing business that would increase its success in America. In the period leading up to the war, between 1930 and 1936, it had set up a division of the company in Germany, and it continued that venture during the war. It recreated its image as a German company and allowed the Germans to produce all but two, secret, Coca-Cola ingredients in their own factories. |
In 1941 the German company's president, Max Keith, developed Fanta orange soda using orange flavoring and all the German-made Coke ingredients. The Coca-Cola Company's wartime efforts helped it expand its global market, often with the economic support of the U.S. government. By the end of the war in 1945, it had established 64 overseas bottling plants. That same year the company registered a patent on Coca-Cola's popular nickname, Coke. |
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In 1955 Robert Woodruff retired as
the Coca-Cola Company's president. Candler and Woodruff are remembered as the two most
important figures in the company's early growth, both for their contributions to the
company and their considerable fortunes donated to the city of Atlanta. After Woodruff's
departure, the company began to diversify by producing new products, acquiring new
businesses, and entering new international markets. In 1960 the Coca-Cola Company purchased the Minute Maid Corp., producer of fruit juices, and began offering Coke in cans. Between 1960 and 1963 it also launched four new soft drinks in the United States: Fanta, an orange soda; Sprite, a lemon-lime soda; Tab, a diet cola; and Fresca, a diet grapefruit-flavored soda. In 1964 the company acquired the Duncan Foods Corp. In 1967 it created the Coca-Cola Foods Division by merging its Duncan and Minute Maid operations. |
| In the late 1960s, Coca-Cola faced difficulties
in some of its foreign markets. When the company built a bottling plant in Israel at the
outset of the Arab-Israeli War, the governments of all Arab League nations banned the
production and sale of Coke. A year later the company withdrew from its markets in India
when that country's government requested that Coca-Cola reduce its equity in joint
ventures to 40 percent. The company refused to relinquish so much control over those
operations. In 1977 Coca-Cola began packaging Coke and other drinks in two-liter plastic bottles. The popularity of these large bottles grew over time, and their sales earned the company new profits, primarily in small specialty and convenience stores. In 1982 the company introduced Diet Coke, which soon became the best-selling diet soft drink in the world. |
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Also in 1982 Coca-Cola
purchased the motion-picture company Columbia Pictures Industries, Inc., also known as
Tri-Star Pictures, for almost $700 million. Two years later, the company sold off its
Columbia holdings and other media aquisitions to Sony Corporation for over $1.5 billion.
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In 1986 The Coca-Cola Company consolidated all of its nonfranchised U.S. bottling operations as Coca-Cola Enterprises, Inc. The new company began acquiring independent bottling companies, a venture that grew into the world's largest bottler of soft drinks by 1988. While Coca-Cola Enterprises distributes over half of all Coca-Cola products in the United States, small franchise businesses continue to bottle, can, and distribute the company's drinks worldwide. |
In 1987 the Coca-Cola Company was listed in the prestigious Dow Jones Industrial Averages index of stock market performance. Its stock is traded on the New York Stock Exchange. Coca-Cola and PepsiCo products occupied nine of the top ten spots in the U.S. soft drink market in the mid-1990s. Worldwide, Coca-Cola ranked first in soft drink sales, and the company earned almost 80 percent of its profits from international sales. |
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