The Coca-Cola Company is an American multinational beverage corporation incorporated under Delaware's General Corporation Law and headquartered in Atlanta, Georgia. The Coca-Cola Company has interests in the manufacturing, retailing, and marketing of non-alcoholic beverage concentrates and syrups, and alcoholic beverages. The company produces Coca-Cola, the sugary drink for which it is best known for, invented in 1886 by pharmacist John Stith Pemberton. At the time, the product was made with coca leaves, which added an amount of cocaine to the drink, and with kola nuts, which added caffeine, so that the coca and the kola together provided a stimulative effect. This stimulative effect is the reason the drink was sold to the public as a healthy "tonic", and the coca and the kola are also the source of the name of the product and of the company. In 1889, the formula and brand were sold for $2,300 (roughly $68,000 in 2021) to Asa Griggs Candler, who incorporated the Coca-Cola Company in Atlanta in 1892.
The company has operated a franchised distribution system since 1889. The company largely produces syrup concentrate, which is then sold to various bottlers throughout the world who hold exclusive territories. The company owns its anchor bottler in North America, Coca-Cola Refreshments. The company's stock is listed on the NYSE and is part of DJIA and the S&P 500 and S&P 100 indexes. The Coca-Cola Company is the world's largest producer of plastic waste.
1889Jan, 15
The Coca-Cola Company, then known as the Pemberton Medicine Company, is incorporated in Atlanta.
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Events on 1889
- 8Jan
Punched card
Herman Hollerith is issued US patent #395,791 for the 'Art of Applying Statistics' — his punched card calculator. - 30Jan
Mayerling Incident
Archduke Crown Prince Rudolf of Austria, heir to the Austro-Hungarian crown, is found dead with his mistress Baroness Mary Vetsera in the Mayerling. - 23Mar
Mirza Ghulam Ahmad
The Ahmadiyya Muslim Community is established by Mirza Ghulam Ahmad in Qadian, British India. - 2May
Treaty of Wuchale
Menelik II, Emperor of Ethiopia, signs the Treaty of Wuchale, giving Italy control over Eritrea. - 6May
Exposition Universelle (1889)
The Eiffel Tower is officially opened to the public at the Universal Exposition in Paris.