Birth of Coca Cola
Being a bookkeeper, Frank Robinson also had excellent penmanship. It was he who first scripted "Coca Cola into the flowing letters which has become the famous logo of today. The soft drink was first sold to the public at the soda fountain in Jacob 's Pharmacy in Atlanta on May 8, 1886. About nine servings of the soft drink were sold each day. Sales for that first year added up to a total of about $50. The funny thing was that it cost John Pemberton over $70 in expanses, so the first year of sales were a loss. Until 1905, the soft drink, marketed as a tonic, contained extracts of cocaine as well as the caffeine-rich kola nut. In 1887, another Atlanta pharmacist and businessman, Asa Candler bought the formula for Coca Cola from inventor John Pemberton for $2,300. By the late 1890s, Coca Cola was one of America 's most popular fountain drinks, largely due to Candler 's aggressive marketing of the product. With Asa Candler, now at the helm, the Coca Cola Company increased syrup sales by over 4000% between 1890 and 1900 Robinson (Anonymous, 2001).
Advertising was an important factor in John Pemberton and Asa Candler 's success and by the turn of the century, the drink was sold across the United States and Canada. Around the same time, the company began selling syrup to independent bottling companies licensed to sell the drink. Even today, the US soft drink industry is organized on this principle Robinson (Anonymous, 2001).
BRAND PORT FOLIO: Name | Launched | Discontinued | Notes | Picture | Coca-Cola | 1886 | | The original version of Coca-Cola. | | Caffeine-Free Coca-Cola | 1983 | | The caffeine free version of Coca-Cola. | |
References: Delany.D. (2012). Reasons Why Coke Is Better Than Pepsi. Retrieved February 18, 2013, from http://www.ehow.com/info_8121864_reasons-coke-better-pepsi.html#ixzz2LMKm6jHF Anonymous. (2001). The coca cola company. Retrieved February 20, 2013, from http://wiki.answers.com/Q/Why_people_drink_coca_cola Anonymous. (2011). Coke struggles hard to meet standards, Retrieved 19 February, 2013, from http://www.coca-cola.com.pk/pages/landing/index.html