Tag: Coca-Cola

Coca-Cola loses billions after Cristiano Ronaldo ditches Coke for water

CR7 removed Coca-Cola bottles from his Euro 2020 press conference, causing the company’s market value to plummet by $4 billion. In advance of Portugal’s match against Hungary on Monday, Cristiano Ronaldo was giving a press conference when the soft drinks were placed by his seat. He removed them from view and urged people to “drink water instead.”

Nike and Coca-Cola press Congress to alter legislation banning products made by Uyghur Muslims in China

Nike and Coca-Cola are lobbying Congress to weaken a bill that would ban imported goods made with forced labor in China’s Xinjiang region. The legislation, called the Uyghur Forced Labor Prevention Act, has become the target of multinational companies including Apple whose supply chains touch the far western Xinjiang region, as well as of business groups including the U.S. Chamber of Commerce.