Coca-Cola to cut back juice operations in Russia

|About: The Coca-Cola Company (KO)|By:, SA News Editor

Coca-Cola (KO -0.2%) says it will close two juice plants in Russia due to weak demand with local brands selling well.

The company will be down to just two juice plants in the nation.

Data from Euromonitor indicates Coca-Cola's market share slipped 90 bps to 23.5% last year.