Swire's Beverages Unit Expands Franchise Territory in U.S. Arizona
April 22 2015 - 9:36PM
Dow Jones News
By Chester Yung
HONG KONG--Diversified Conglomerate Swire Pacific Ltd. (0019.HK)
said Thursday its beverages unit has signed a letter of intent with
the U.S. beverage giant Coca-Cola Co. (KO) to expand its franchise
in Arizona, a move to expand the scale of its business in the
U.S.
The Hong Kong-listed company said its beverage division Swire
Coca-Cola USA will serve the entire state of Arizona.
"The grant of additional exclusive territory rights in Arizona
will not only further expand the scale of our business in the U.S.
but will deepen our 37-year working relationship with The Coca-Cola
Company," Swire Coca-Cola USA President and Chief Executive Jack
Pelo said in the statement.
Write to Chester Yung at chester.yung@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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