Coke snags mall deal from Pepsi
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Posted 7:32PM on Tuesday 10th December 2002 ( 22 years ago )
ATLANTA - The battle between Coca-Cola and Pepsi is coming to a mall near you. <br>
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Atlanta-based Coca-Cola Company says it has entered into a marketing agreement with the nation's largest mall operator -- Simon Property Group. Simon had been doing business with PepsiCo Incorporated's Pepsi-Cola division for several years. <br>
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The alliance, which begins in January, covers vending, sponsorships, promotion and advertising across the vast Simon franchise. <br>
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Coca-Cola will have promotional and exclusive vending rights within the common areas of Simon properties in the United States. Terms of the deal were not disclosed. <br>
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Simon's chief marketing officer -- Stewart Stockdale -- declined to comment on the terms but says the deal was about more than money. He says it was about the Coca-Cola brand and its marketing ability. <br>
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Pepsi has announced that it renewed its marketing agreement with Chicago-based mall operator General Growth Properties. It's a five-year deal, but financial terms were not disclosed. <br>
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General Growth is the second-largest mall operator in the country behind Simon.
http://accesswdun.com/article/2002/12/186758
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