Coca-Cola FEMSA Backs Out Of Bottling Operations In The Philippines

Coca-Cola’s Bottling Investments Group (BIG) announced it is taking control of bottling operations in the Philippines after Mexico’s Coca-Cola FEMSA said it would divest its 51 percent stake in Coca-Cola Philippines after a five-year stint. FEMSA has been dealing with labor problems in the Philippines since late 2016, and there are unconfirmed reports that the company has had a tough time complying with a new tax reform law that increased levies on sugar-sweetened beverages. BIG works to ensure that global bottling operations receive the appropriate investments and expertise to succeed. According to Coca-Cola, the takeover would ensure a smooth transition of the Philippine bottling operations for customers, business partners, consumers and workers.