Summary Box: Coca-Cola prices to rise soon
AP : Jul 17 2008
Made Popular Jul 17 2008

AT THE REGISTER: Buyers of Coca-Cola can expect to pay more starting this fall since the company’s biggest bottler, which sets prices for retailers, will raise prices after Labor Day.

WHY: Coca-Cola Co. and its biggest bottler, Coca-Cola Enterprises, face falling demand for soda in the U.S. and higher commodity costs. The bottler took a $5.3 billion write-down, and Coca-Cola shared the pain since it owns 35 percent of the bottler.

WHAT NOW: Coca-Cola itself could raise the prices it charges bottlers for concentrate, but CEO Muhtar Kent declined to say whether the company will do so.

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