May 2016
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BEVERAGES & FOOD CHAIN
USA franchise territory expands
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BEVERAGES & FOOD CHAIN

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In April, Swire Coca-Cola, USA announced that it had agreed with The Coca-Cola Company to acquire additional franchise territory rights in Albuquerque, New Mexico. This follows the announcement in February that Swire Coca-Cola, USA had signed a letter of intent ("LOI") with The Coca-Cola Company which contemplates Swire Coca-Cola, USA being granted additional territory rights in the Pacific Northwest of the United States, subject to entry into and closing of definitive legal agreements. The territories are in the states of Washington, Oregon and Idaho and include the cities of Seattle and Spokane in Washington and the city of Portland in Oregon. The LOI also contemplates the acquisition of production facilities near Seattle and Portland and distribution facilities. The LOI follows the territory grants previously agreed, under which Swire Coca-Cola, USA is to receive additional territories in Colorado and Arizona.

USA franchise territory expands
USA franchise territory expands
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