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Coca-Cola Abandons Greece

Posted: Oct. 18th, 2012  |  By Michael Pearse
Coca-Cola in Athens

With Greece currently in an severe and seemingly unrecoverable fiscal mess, Coca-Cola is moving from its Athens location to Switzerland where the company believes it will have a much stronger government to support its operations.

ATHENS: Efforts to restore investor confidence in Greece’s struggling economy took a double blow this week when a major European bottler and a prominent dairy company announced relocation plans.

Coca-Cola’s second biggest bottler worldwide, Athens-based Coca-Cola Hellenic (CCHBC), on Thursday said it was moving its headquarters to Switzerland and looking to establish a listing on the London stock exchange.

This followed an announcement by Fage, one of the country’s main dairy producers and a major exporter, that it was moving its headquarters to Luxembourg “to better reflect the increasingly global nature” of its activities.


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