Buying coke Beijing

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Buying coke Beijing

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Buying coke Beijing

The Coca-Cola Co. The proposed deal has received negative public sentiment about the possible loss of a well-known national brand as well as met opposition from other Chinese vegetable and fruit juice groups. These companies argue that the takeover, if successful, could give Coca-Cola a dominant share of the market and threaten their survival. Together they have offered three alternative deals to thwart Coca-Cola's acquisition of Huiyuan, the Beijing Morning Post reported. The only substantial obstacle to the deal, however, is China's new Anti-Monopoly Law, which came into force last month. It is unclear how long it will take for the Ministry of Commerce to review the proposed acquisition and reach a conclusion, because the law lacks comprehensive details about its implementation. Because of this, the U. Now, Coca-Cola must be patient and perseverant enough to swallow the juicy deal. Such a significant acquisition could take at least days to obtain antitrust clearance, Mei Xinyu, a researcher at a think tank affiliated with China's Ministry of Commerce told the 21st Century Business Herald. With this deal, the American beverage company is aiming to make inroads into China's pure juice market as part of its global efforts to expand its portfolio of non-carbonated drinks. The company launched its Minute Maid juice brand in China last year as part of its expansion into the nation's fruit and vegetable drinks business. Chinese consumers have started drinking more vegetable and fruit drinks in the last couple of years as their incomes have risen and healthier lifestyles have become a trend. Juice sales alone in the country soared by percent, according to a report on the Chinese website of the U. According to market research firm ACNielsen Co. Meanwhile, sales of Coca-Cola's juice products accounted for 9. The Hot Zone. China's newly announced air defense identification zone over the East China Sea aims to shore up national security. Current Issue. Expert's View. Market Watch. North American Report. Government Documents. Expat's Eye. Photo Gallery. Reader's Service. Learning with 'Beijing Review'. E-mail us. RSS Feeds. PDF Edition. Reader's Letters. Make Beijing Review your homepage. Hot Links. Top Story. Coca-Cola has to handle its antitrust filing with prudence for a smooth purchase of China's top juice maker. Protecting Ocean Rights. Partners in Defense. Setting the Tone. Consumer: Move to Stymie Bid for Huiyuan. Copyright Beijing Review All right reserved.

Buying coke Beijing