Leverage Our Unique 24/7 Portfolio

Total Page:16

File Type:pdf, Size:1020Kb

Leverage Our Unique 24/7 Portfolio 26 COCA-COLA HBC 1 GROWTH PILLAR LEVERAGE OUR UNIQUE 24/7 PORTFOLIO KPIs Highlights in 2019 • FX-neutral revenue • Maintained high growth in the sparkling category, aided by the strong growth performance of sophisticated adult sparkling beverages • Volume growth • Achieved another year of double-digit revenue growth in energy drinks • FX-neutral revenue per case growth and expanded the energy portfolio with Coke Energy and Predator • Innovations supported overall growth, with 4.2pp of total volume growth in Stakeholders the year delivered by products and packages launched in the last 12 months Our consumers Priorities in 2020 Our customers • Continue expanding to become a 24/7 beverage partner, creating shared Shareholders value with our consumers and customers The Coca-Cola • Consolidate the performance of product innovations by increasing Company distribution and repeat sales Risks • Continue driving growth in sparkling by leveraging light variants, flavour and pack architecture • Consumer health and wellbeing • Bring ready-to-drink tea back to growth through a strong plan for FUZETEA • Geopolitical and • Drive revenue growth in water by implementing our hydration portfolio strategy macroeconomic • Launch Costa Coffee in at least 10 countries • Strategic stakeholder relationships INTEGRATED ANNUAL REPORT 2019 27 SR CG FS SSR SI Introduction As lifestyles and consumer habits change, Percentage the motivations and occasions driving of Coca-Cola beverage consumption are also evolving. HBC revenue Our category strategy We are unlocking growth potential in segments beyond our core sparkling portfolio, offering a wider choice of drinks to meet consumer needs at any time of the day. In line with growing societal concerns around environmental issues, consumers are looking for sustainably-sourced ingredients and responsible packaging. Technology, Sparkling Water Juice RTD tea particularly social media, is changing socialising occasions and the ways consumers interact with brands. Consumers are also more focused on making healthier Drive category Expand and premiumise choices. This all leads to demand for a value growth broader range of products, providing us with a number of new growth opportunities. In 2019 we sold 165 million cases of new product, flavour and package innovations, and 4.2 percentage points of our volume growth was attributable to these new launches. This is testament to how, working together with The Coca Cola Company, we are well placed to respond to market trends with Energy Plant Premium Coffee an ever expanding 24/7 portfolio. We have based spirits the right brands, packaging and categories to meet the evolving needs of our consumer base. Innovate Establish Unlock total Unlock total and expand right to win portfolio portfolio growth in growth in 2019 HoReCa At Work & Sparkling 1 HoReCa Water 8 uice 8 RD tea 4% nergy 4% lant based 1 remium spirits 3% Coffee 1 28 COCA-COLA HBC Leverage our unique 24/7 portfolio continued Driving sparkling category growth Another high-value, high-growth segment we We are also focused on expanding our Our evolving sparkling drinks portfolio is are prioritising is the adult sparkling category, premium offerings in the juice and water proving popular with consumers across our which has revenue growth over three times categories. Within juice, we focused on territories and we are seeing strong growth that of the overall sparkling category. Adult product stratification during 2019 to capture from new variant and flavour launches. consumers with more discretionary income premium revenue opportunities. In Russia, Sparkling beverage volume grew 3.5% in are interested in superior products and where our juice business represents a 2019 compared to the prior year, fuelled by experimentation. When compared to core considerable proportion of our portfolio, we the double-digit volume growth of low- and sparkling products, this category commands have a track record of continuous innovation, no-sugar options, which is stimulating growth significant price premiums. which supports higher price points and increased revenue per case. Bringing these in the entire category. We launched the Royal Bliss brand in the adult juice innovations, and increased revenues, sparkling category in 2018, using the best Coca-Cola Zero grew 26.2% in volume during to other markets is a focus for 2020. the year, delivering 10 consecutive quarters practices developed with our Schweppes and of double-digit growth. This growth reflects Kinley brands. Our approach for this category Within the water category, our overall focus execution excellence and powerful assets involves premiumisation and segmented is on accelerating value share gains with an aim such as our Star Wars-themed activations. execution with hotels, restaurants and cafes. to double the pace of our market share growth We also delivered strong performance from We also support growth by fully leveraging in the next five years. We develop market- new, low- and no-sugar sparkling beverage partnerships with premium spirits. specific maps of diverse water segments and options such as Sprite Zero and Fanta Zero. price tiers, seeking to expand our market Our light variants had value growth over four Expanding value beyond sparkling share and capture higher revenue per case. times higher than the sparkling category beverage offerings This hydration portfolio strategy involves a average in 2019. In 2019, the share of In energy, one of the fastest-growing range of product offerings, execution tactics low- and no-sugar variants in our total segments of the beverage industry, our and route-to-market approaches. volume increased by 3.0pp to 16.1%. Monster brand products had another year We added to the premium water brands Innovations played a key role in our success of impressive growth with volume up 36% in our portfolio during the year with the for 2019. In 14 markets, we launched compared to 2018. In this category, we have acquisition of Acque Minerali S.r.l., owner Coca-Cola Plus Coffee, featuring a great pursued a segmentation strategy, launching and producer of Lurisia, an Italian natural coffee taste with more caffeine but zero a variety of brands at different price points mineral water and adult sparkling beverages calories for consumers on the go. This to target different types of consumers. company. This acquisition, which we made in innovative product has seen great initial For consumers seeking a new taste and a conjunction with The Coca-Cola Company, consumer engagement. In flavours, we taurine-free formula, we launched Coca-Cola was completed in December 2019. introduced Coca-Cola Zero Vanilla, Cherry Energy, a premium product, in 15 of our and seasonal flavours such as Cinnamon countries during 2019, attracting new users Building market share and Ginger in many of our markets. to the category. We also added the Predator The dramatic expansion of our product brand to our portfolio in five markets, offering portfolio includes products in new categories We are also driving packaging innovation energy at a more affordable price point for our business. Following initial product with smaller, more convenient packages, in two flavours. rollouts, we are continuing to take action to which also serve to expand revenue per case. build our market share. Single-serve packages comprised 48.5% of Our biggest system-wide launch in 2018 our sparkling sales volume in 2019, up 2.5% was FUZETEA, and we continued to build We entered a completely new category compared with 2018, with significant on the successful introduction of this fresh, in 2018 with AdeZ, our first plant-based, potential for additional growth. innovative, ready-to-drink tea in 2019. sugar- and dairy-free beverage. Thus far, we This fusion of sustainably-sourced tea have launched eight vegan-friendly flavours, extracts with fruit and herbal flavours has including plain for the breakfast occasion attracted strong competition in some and fruit flavours for snacking on the go. markets, impacting growth. With good We extended the distribution of AdeZ across activation and customer coordination, the all our channels in 2019, increasing our share multi-layered, contemporary tea taste of of the plant-based beverage category in the FUZETEA is winning over consumers. In Italy, 17 markets where it has been introduced. for example, FUZETEA doubled our market We have gained 6% market share in just over share. Our focus going forward is on adding a year since its launch in prioritised markets. differentiating flavours to attract more consumers to the category. FOR CONSUMERS SEEKING A NEW TASTE AND “ A TAURINE-FREE FORMULA, WE LAUNCHED SUPER-PREMIUM COCA-COLA ENERGY IN 15 OF OUR COUNTRIES DURING 2019, ATTRACTING NEW USERS TO THE CATEGORY.“ INTEGRATED ANNUAL REPORT 2019 29 SR CG FS SSR One of our biggest growth opportunities is Responsible marketing SI in the coffee category. We announced in Our advertising and promotions reach mid-2019 that we will launch Costa Coffee, millions of consumers. While this is a core a brand recently acquired by The Coca-Cola driver of our business, we take steps to Company, in at least 10 countries during ensure that marketing is responsible as well 2020. We believe this launch will address a as effective. As part of the Coca-Cola broad range of consumer and customer System, we adhere to The Coca-Cola UN Sustainable needs across multiple occasions, particularly Company’s Global Responsible Marketing Development Goals for the hotels, restaurants and cafes policy and, together with other members
Recommended publications
  • Coca Cola India: Little Drops of Joy,” September 8, 2007
    oikos Global Case Writing Competition 2009 Corporate Sustainability Track Finalist Coca-Cola India’s Corporate Social Responsibility Strategy Hadiya Faheem, ICMR Center for Management Research, Hyderabad, India This is an Online Inspection Copy. Protected under Copyright Law. Reproduction Forbidden unless Authorized. Copyright © 2009 by the Author. All rights reserved. This case was prepared by Hadiya Faheem as a basis for class discussion rather than to illustrate the effective or ineffective handling of an administrative situation. No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form by any means without permission. To order copies, call 0091-40-2343-0462/63 or write to ICMR, Plot # 49, Nagarjuna Hills, Hyderabad 500 082, India or email [email protected] oikos sustainability case collection http://www.oikos-international.org/projects/cwc oikos Global Case Writing Competition 2009 Finalist “Coca-Cola India undertakes a diverse range of activities for the benefit of the community across the country. As part of our CSR strategy, sustainable water management remains our top priority.” 1 Deepak Kaul, Regional Vice-President, South, The Hindustan Coca-Cola Beverages Pvt. Ltd., in 2007. “It is in India where the company’s abuse of water resources have been challenged vociferously, and communities across India living around Coca-Cola’s bottling plants have organized in large numbers to demand an end to the mismanagement of water…. In response to the growing Indian campaigns against Coca-Cola, the company has decided to promote rainwater harvesting — a traditional Indian practice — in and around its bottling plants in India.
    [Show full text]
  • Coca-Cola Enterprises, Inc
    A Progressive Digital Media business COMPANY PROFILE Coca-Cola Enterprises, Inc. REFERENCE CODE: 0117F870-5021-4FB1-837B-245E6CC5A3A9 PUBLICATION DATE: 11 Dec 2015 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED Coca-Cola Enterprises, Inc. TABLE OF CONTENTS TABLE OF CONTENTS Company Overview ........................................................................................................3 Key Facts.........................................................................................................................3 Business Description .....................................................................................................4 History .............................................................................................................................5 Key Employees ...............................................................................................................8 Key Employee Biographies .........................................................................................10 Major Products & Services ..........................................................................................18 Revenue Analysis .........................................................................................................20 SWOT Analysis .............................................................................................................21 Top Competitors ...........................................................................................................25
    [Show full text]
  • Coca-Cola's Swoop for Costa Coffee Will Cut Its
    COCA-COLA’S SWOOP FOR COSTA COFFEE WILL CUT ITS EXPOSURE TO SUGAR AND PLASTIC BOTTLES THE GROWING LOATHING FOR THE WHITE STUFF MUST KEEP SOFT DRINKS EXECS AWAKE AT NIGHT By IMD Professor John W. Walsh IMD Chemin de Bellerive 23 PO Box 915, CH-1001 Lausanne Switzerland Tel: +41 21 618 01 11 Fax: +41 21 618 07 07 [email protected] www.imd.org Copyright © 2006-2018 IMD - International Institute for Management Development. All rights, including copyright, pertaining to the content of this website/publication/document are owned or controlled for these purposes by IMD, except when expressly stated otherwise. None of the materials provided on/in this website/publication/document may be used, reproduced or transmitted, in whole or in part, in any form or by any means, electronic or mechanical, including photocopying, recording or the use of any information storage and retrieval system, without permission in writing from IMD. To request such permission and for further inquiries, please contact IMD at [email protected]. Where it is stated that copyright to any part of the IMD website/publication/document is held by a third party, requests for permission to copy, modify, translate, publish or otherwise make available such part must be addressed directly to the third party concerned. COCA-COLA’S SWOOP FOR COSTA COFFEE WILL CUT ITS EXPOSURE TO SUGAR AND PLASTIC BOTTLES Coca-Cola’s £3.9 billion acquisition of Costa Coffee has made quite a ripple. Atlanta-based Coca-Cola is obviously best known for its soft drinks portfolio, found in supermarkets, kiosks, hotels, bars and restaurants around the world.
    [Show full text]
  • Coca-Cola HBC Strengthens Its Coffee Portfolio with Minority Stake in Casa Del Caffè Vergnano and Exclusive, Long-Term Distribution Agreement
    Coca-Cola HBC strengthens its coffee portfolio with minority stake in Casa del Caffè Vergnano and exclusive, long-term distribution agreement Zug, Switzerland, 28 June 2021. Coca-Cola HBC AG (“Coca-Cola HBC”) is pleased to announce that on 25 June 2021, its wholly-owned subsidiary CC Beverages Holdings II B.V. (“CCH Holdings”), reached an agreement to acquire a 30% equity shareholding in Casa Del Caffè Vergnano S.p.A. (“Caffè Vergnano”), a premium Italian coffee company. Completion of the acquisition is expected in the second half of 2021 and is subject to customary closing conditions and regulatory approvals. Furthermore, Coca-Cola HBC and Caffè Vergnano will enter into an exclusive distribution agreement for Caffè Vergnano’s products in Coca-Cola HBC’s territories outside of Italy (together, the “Proposed Transaction”). CCH Holdings will be represented on the Board of Directors of Caffè Vergnano and have customary minority decision-making and governance rights. The parties have agreed not to disclose financial details of the Proposed Transaction. Caffè Vergnano is a family-owned Italian coffee company headquartered in Santena, Italy. It is one of the oldest coffee roasters in Italy with roots dating back to 1882. Its product offering consists of truly premium, high-quality coffee that represents Italian heritage and authenticity at its best. Caffè Vergnano’s portfolio includes traditional espresso in various blends, packages and formats such as beans, roast and ground coffee and single portioned pods. In 2020, the company sold approx. 7,000 tons of coffee in more than 90 countries worldwide. The Proposed Transaction represents an important milestone in Coca-Cola HBC’s vision of being the leading 24/7 beverage partner across its markets.
    [Show full text]
  • Proposed Acquisition of Costa Limited
    PROPOSED ACQUISITION OF COSTA LIMITED AUGUST 31, 2018 FORWARD-LOOKING STATEMENTS This presentation may contain statements, estimates or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will,” “plan,” “seek” and similar expressions identify forward-looking statements, which generally are not historical in nature. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from The Coca-Cola Company’s historical experience and our present expectations or projections. These risks include, but are not limited to, obesity and other health-related concerns; water scarcity and poor quality; evolving consumer preferences; increased competition; product safety and quality concerns; perceived negative health consequences of certain ingredients, such as non- nutritive sweeteners and biotechnology-derived substances, and of other substances present in our beverage products or packaging materials; an inability to be successful in our innovation activities; increased demand for food products and decreased agricultural productivity; an inability to protect our information systems against service interruption, misappropriation of data or breaches of security; changes in the retail landscape or the loss of key retail or foodservice
    [Show full text]
  • Cultural Innovation: Triumph of a Better Ideology’ Look to Anthropology for Inspiration
    QUARTER 1 JANUARY 2012 NEW THINKING, DIFFERENT PERSPECTIVES Cultural innovation: triumph of a better ideology Douglas Holt and Douglas Cameron NEVER WASTE A GOOD CRISIS Sir Terry Leahy QUARTER 1 QUARTER 2012 JANUARY ACCOUNTABILITY IS NOT ENOUGH Rory Sutherland THROUGH THE GLASS CEILING Janet Hull 1 cover.indd 1 28/11/2011 19:34:31 Market Leader_Experienica.HR.pdf 1 11/11/2011 13:05 Editorial Keeping brands healthy i rEcEntly attended a lecture on the applications of neuroscience to marketing. All the data marketers will ever need, it was claimed, can now be obtained from ‘neurometrics’ – via MRI scanning, EEG measurement and eye-tracking devices. I listened to the lengthening list of uses with mounting disquiet and an article formed in my mind entitled ‘Caution: neuroscience may be dangerous to the health of your brand’. The lead article in this issue provides the explanation of why the skills required for brand building live in a parallel universe. Douglas Holt and Douglas Cameron in ‘Cultural innovation: triumph of a better ideology’ look to anthropology for inspiration. It is commonplace to say that brands live in the mind (as opposed to the factory). But where they really live is in culture, in society’s norms, values, codes and practices. And while yes, neuroscience and anthropology can exist together, the danger is in what we qualitative researchers call ‘physics envy’ (the need to elevate market research to the level of the pure sciences). Put access to the brain – the human version of the Rosetta Stone – together with lots of gadgetry that measures things and before you know it, the new and intriguing drives out the old but essential.
    [Show full text]
  • Coca-Cola HBC 2020 Integrated Annual Report
    Integrated Annual Report 2020 Coca‑Cola HBC Integrated Annual Report 2020 ADAPT TO WIN OUR PEOPLE p.38 OUR SUPPLIERS p.34 THANK YOU In a year of being apart, we have been more together. OUR PEOPLE p.38 OUR CUSTOMERS p.30 OUR SUPPLIERS p.34 OUR COMMUNITIES p.42 THANK YOU OUR CONSUMERS p.26 In a year of being apart, we have been more together. 2020 highlights Volume (m unit cases) Net sales revenue (€m) 2,135.6 6,131.8 2019: 2,264.5 2019: 7,026.0 Comparable EBIT1 (€m) Comparable EBIT1 margin (%) 672.3 11.0% 2019:758.7 2019: 10.8% Profit before tax (€m) Net profit2 (€m) 593.9 414.9 2019: 661.2 2019: 487.5 Comparable EPS1 (€) Basic EPS (€) 1.185 1.140 2019: 1.436 2019: 1.340 Primary packaging collected In 2020, we started reporting against for recycling (equivalent) the SASB framework. 44% 2019: 48% 1. For details on APMs, refer to ‘Alternative performance measures’ section. 2. Net profit and comparable net profit refer to net You can read more on page 132. profit and comparable net profit respectively after tax attributable to owners of the parent. Contents Strategic Report Corporate Governance Supplementary Information 10 Chairman’s letter 76 Chairman’s introduction 230 Alternative performance measures 12 Chief Executive Officer’s letter to corporate governance 233 Other supplementary information 14 Our business at a glance 80 Board of Directors 234 Assurance statement 16 Our business model 84 Corporate Governance Report 238 Glossary 18 Our socio-economic impact 110 Directors’ Remuneration Report 20 Stakeholder engagement 131 Statement
    [Show full text]
  • Thirst for Innovation
    QUENCH YOUR THIRST FOR INNOVATION In a market like this, you need to operate at peak performance. Beverage processors need every advantage they can get. Today, your biggest opportunity lies in innovation. At the Worldwide Food Expo, you’ll see how new technologies can address today’s hot topics — from trends and ingredients to food safety, sustainability and how to “green” your operations and packaging. This is the one event that encompasses the entire dairy, food and beverage production process from beginning to end. So go ahead, quench your thirst and better your bottomline. WHERE THE DAIRY AND FOOD INDUSTRY COME TOGETHER OCTOBER 28–31, 2009 CHICAGO, ILLINOIS McCORMICK PLACE WWW.WORLDWIDEFOOD.COM MOVING AT THE SPEED OF INNOVATION REGISTER TODAY! USE PRIORITY CODE ASD08 Soft Drinks Internationa l – October 2009 ConTEnTS 1 news Europe 4 Africa 6 Middle East 8 The leading English language magazine published in Europe, devoted exclusively to the Asia Pacific 10 manufacture, distribution and marketing of soft drinks, fruit juices and bottled water. Americas 12 Ingredients 14 features Juices & Juice Drinks 18 Energy & Sports 20 Drinks With Attitude 26 The energy drinks caTegory conTinues Waters & Water Plus Drinks 22 To grow and boosTed by The inTroduc - Carbonates 23 Tion of innovaTion such as The energy shoT. Rob Walker gives his analysis. Building A Green Employment Brand 36 Packaging 46 User Friendly Fortification RecruiTing and reTaining like-minded Environment 48 employees can pay dividends, reporTs 28 MargueriTe GranaT. People On-Trend, producT innovaTion has 50 been made easier, according To Events 51 Glanbia NuTriTionals. Sincerity 38 Jo Jacobius Takes a look aT boTTled Bubbling Up 53 waTer producers who Truly Take Meeting The Challenge 30 environmenTal and susTainabiliTy Choosing The righT sweeTener sysTem issues To hearT.
    [Show full text]
  • REGULAMIN KONKURSU PROWADZONEGO POD NAZWĄ: „Święta W Livio Z Coca-Cola” §1 POSTANOWIENIA OGÓLNE
    REGULAMIN KONKURSU PROWADZONEGO POD NAZWĄ: „Święta w Livio z Coca-Cola” §1 POSTANOWIENIA OGÓLNE 1. Konkurs będzie prowadzony pod nazwą „Święta w Livio z Coca-Cola” (zwany dalej „Konkursem”). 2. Podmiotem urządzającym Konkurs jest „Agencja Reklamowa Fortis” Sp. Jawna, z siedzibą w Warszawie przy ul. Gawińskiego 7, wpisana do Rejestru Przedsiębiorców w Krajowym Rejestrze Sądowym prowadzonym przez Sąd Rejonowy dla m.st. Warszawy, nr KRS 0000080471, NIP: 5240304216 („Organizator”). 3. Organizator przeprowadza Konkurs na zlecenie Coca-Cola HBC Polska sp. z o.o. z siedzibą w Warszawie (03-236), przy ul. Annopol 20, wpisaną do Krajowego Rejestru Sądowego prowadzonego przez Sąd Rejonowy w Warszawie, XIII Wydział Gospodarczy Krajowego Rejestru Sądowego pod nr KRS: 0000015664, o kapitale zakładowym 400.292.600,00 PLN, REGON: 012833736, NIP: 524-21-06-963, BDO: 000035278, reprezentowaną przez należycie umocowanego przedstawiciela, zwaną dalej („CCHBC”). 4. Uczestnikiem Konkursu może być każda pełnoletnia osoba fizyczna zamieszkała na terenie Polski, dokonująca zakupu w sklepach prowadzących sprzedaż produktów objętych Konkursem na terenie Polski, będąca konsumentem w rozumieniu art. 22¹ kodeksu cywilnego (zwany dalej „Uczestnikiem”). 5. Konkurs prowadzony będzie w sieci sklepów Polska Sieć Handlowa Livio S.A., ul. Pszczyńska 186, 44-335 Jastrzębie-Zdrój występujących pod nazwą Livio – lista sklepów dostępna jest na stronie https://liviosklepy.pl/znajdz-sklep 6. Konkurs zaczyna się 23.11.2020 roku, a kończy dnia 20.12.2020 roku. 7. Konkursem objęte są wszystkie produkty Coca-Cola w wszystkich dostępnych pojemnościach od 2l do 0,2l w tym puszki oraz produkty Costa Coffee we wszystkich dostępnych opakowaniach. Listę stanowi załącznik nr 1 (dalej: „Produkty Promocyjne”) 8.
    [Show full text]
  • The Coca-Cola Company 2002 Anuual Report
    t he coca-cola company 2002 annual report 2002 annual company he coca-cola creating new value the coca-cola company 2002 annual report Glossary Bottling Partner or Bottler: businesses that buy concentrates, bever- Market: when used in reference to geographic areas, territory in age bases or syrups from the Company, convert them into finished which the Company and its bottling partners do business, often packaged products and sell them to customers. defined by national boundaries. Carbonated Soft Drink: nonalcoholic carbonated beverage contain- Net Capital: calculated by adding share-owners’ equity to net debt. ing flavorings and sweeteners. Excludes, among others, waters and Net Debt: calculated by subtracting from debt the sum of cash, cash flavored waters, juices and juice drinks, sports drinks, and teas equivalents, and marketable securities, less the amount of cash and coffees. determined to be necessary for operations. The Coca-Cola System: the Company and its bottling partners. Noncarbonated Beverages: nonalcoholic noncarbonated beverages on Lithograph Company: The Coca-Cola Company together with its subsidiaries. including, but not limited to, waters and flavored waters, juices and Concentrate or Beverage Base: material manufactured from juice drinks, sports drinks, and teas and coffees. Anders Company-defined ingredients and sold to bottlers to prepare finished Operating Margin: calculated by dividing operating income by net beverages through the addition of sweeteners and/or water and operating revenues. marketed under trademarks of the Company. Printing: Per Capita Consumption: average number of servings consumed Consumer: person who drinks Company products. per person, per year in a specific market. Per capita consumption of Cost of Capital: after-tax blended cost of equity and borrowed funds Company products is calculated by multiplying our unit case volume used to invest in operating capital required for our business.
    [Show full text]
  • Featured Cocktail OLD BAKERY Kind of Blueberry $3.5 $6 Kolsch with Blueberries
    LeMoNAdE Beer glass: $9, pitcher: $32 9 oz 16oz 2ND SHIFT Hibiscus Wit $3.5 $6 Lavendula Cucumber Hazy Belgian witbier with a touch of tart hibiscus Gin, lavender honey, Gin, cucumber liqueur, 2ND SHIFT Little Big Hop $3.5 $6 lemonade fresh mint, lemonade New England Session IPA with 5 different hops. Stupid good! 4HANDS Chocolate Milk Stout $3.5 $6 Rosemary Peach El Diablo Dark chocolate nibs and roasted chocolate malt. Great dessert beer. Purus Organic Vodka, Milagro Tequila, creme 4HANDS City Museum Pils $3.5 $6 American Pilsner with tangerine and ginger. For one of the fav spots rosemary, peach, lemonade de cassis, ginger beer, 4HANDS Contact High: Juiced $3.5 $6 lemonade Pale Wheat Ale with tangerine juice and zest Cherry Limeade BROADWAY Bonne Femme $3.5 $6 Purus Organic Vodka, Strawberry American Pale Wheat brewed with gallons of local Missouri honey. cherry, lemonade, lime, Basil CIVIL LIFE Angel & Sword $3 $5 lemon-lime soda Purus Organic Vodka, fresh Amber/ESB with a worldly array of hops and malt. Extra special. basil, strawberry, lemonade CRANE Trailsmith $3.5 $6 Crisp, refreshing Farmhouse Saison bursting with citrus Hawaiian Breeze DESTIHL Extended Jam $3.5 $6 Coconut rum, peach nectar, Bourbon Basil Deadhead Hazy IPA with wailing aromas and groovy tropical hops lemonade, cranberry juice Old Forester, basil, iced tea, DESTIHL Flanders Red $3.5 $6 lemonade Wild sour with tart cherry and sour candy notes. Dry wine finish Limoncello DESTIHL Piña Colada Gose $3.5 $6 Purus Organic Vodka, fresh Ginger Peach Super fun and complex sour with pineapple and coconut.
    [Show full text]
  • Case M.9122 - TCCC / COSTA
    EUROPEAN COMMISSION DG Competition Case M.9122 - TCCC / COSTA Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 21/12/2018 In electronic form on the EUR-Lex website under document number 32018M9122 EUROPEAN COMMISSION Brussels, 21.12.2018 C(2018) 9220 final In the published version of this decision, some information has been omitted pursuant to Article 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and PUBLIC VERSION other confidential information. The omissions are shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a general description. To the notifying party Subject: Case M.9122 - TCCC / Costa Commission decision pursuant to Article 6(1)(b) of Council Regulation No 139/20041 and Article 57 of the Agreement on the European Economic Area2 Dear Sir or Madam, (1) On 20 November 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which The Coca-Cola Company ("TCCC" or the "Notifying Party", U.S.), acquires within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Costa Limited ("Costa", UK) by way of purchase of shares ("the Transaction”).3 TCCC and Costa are together referred to as the "Parties". 1 OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'.
    [Show full text]