A big news related to Coca Cola has come out. Jubilant Food Limited has entered into a Memorandum of Understanding (MoU) with Coca Cola Company. Under this he will buy sparkling drinks and other products from Coca Cola. Apart from this, JFL will also carry out marketing activities for Coca Cola's sparkling beverage products.
signed Mou
This change has happened after Jubilant Bhartia Group bought 40% stake in Hindustan Coca Cola Beverages earlier this month. This is the bottling company of Coca Cola. This deal has been done for approximately Rs 10,000 crore. JFL had partnered with PepsiCo. This deal was pending for a long time.
Domino's Pizza and Pepsi
Since 2018, he was selling Pepsi products in his restaurants like Domino's Pizza. Now that Jubilant Bhartia Group has bought a stake in Coca Cola's bottling operations. JFL said in a regulatory filing that JFL has entered into an agreement with Coca Cola India. In this, the terms and conditions for purchasing sparkling beverage products and other products from authorized bottlers of Coca Cola have been fixed.
Many brands are included
JFL has many other brands apart from Domino's Pizza. Apart from this, JFL also has an Indo-Chinese QSR brand Hong's Kitchen in India and a café brand COFFY in Türkiye. Jubilant Foods' network is spread in 6 countries. This includes India, Türkiye, Bangladesh, Sri Lanka, Azerbaijan and Georgia. The company has a total of 3,130 stores.