ATLANTA — In an effort to streamline its focus and expedite its refranchising to independent bottling partners, the Coca-Cola Co. will be split into two operating units on Jan. 1: Coca-Cola North America and Coca-Cola Refreshment, the bottling operations of North America. “Today’s announcement represents the next step in the evolution of the business announced last year when the company consolidated leadership of its global operations under the Bottling Investments Group, ...

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