Financial Times FT.com

Classic error that continues to make bubbles 20 years on

By Andrew Ward

Published: April 25 2005 03:00 | Last updated: April 25 2005 03:00

It tooka business meeting in a swanky Monte Carlorestaurant to bring home to Roberto Goizueta the full impact of Coca-Cola's decision to relaunch its trademark drink.

The year was 1985 and, a few weeks earlier, the company had shocked America by announcing that its 99-year-old "secret formula" was to be replaced by a new, sweeter recipe.

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