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Coca-Cola quarterly sales suffer biggest drop in at least 25 years

Company to cut ‘zombie’ brands as part of efforts to support bottom line

Coca-Cola has suffered its steepest quarterly sales drop in at least 25 years, in stark contrast to a resilient performance from its rival PepsiCo and raising questions about the drinks company’s defensive qualities. The US multinational said it would axe “zombie” brands as part of efforts to protect its bottom line after the closure of…

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