[1 November/Food Dive]

Coca-Cola has created a new global ventures group to ensure that the group adequately connects with and scales globally its key acquisitions, investments and partnerships. The business unit, to be led by experienced executive Jennifer Mann (currently Coke’s Chief People Officer), will focus on ensuring maximum value is secured from acquisitions and investments, including Costa Coffee and Monster Beverages. The group will also “partner with colleagues around the world” to identify and nurture the next series of fast-growing opportunities. The acquisitions are part of Coca-Cola’s total beverage company strategy as it transitions from being dominated by selling sugary soft drinks; CEO, James Quincey, said during an earnings call that it is critical that the company continues to figure out what works and what doesn’t in respect of acquisition.