Coca-Cola: Under Maduro, it’s lights out in Venezuela

One by one, for international companies like Coca-Cola and local companies and businesses alike, the lights are going out in Venezuela.

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Nícolas Maduro gifting now-impeached Brazilian President Dilma Rousseff with a portrait of late Venezuelan dictator Hugo Chávez in 2013. (Image credit: Agência Brasil, CC 3.0 license, via Wikipedia)

WASHINGTON, May 22, 2016 — One by one, for international and local companies and businesses alike, the lights are going out in Venezuela. The latest casualty: Coca-Cola (NYSE symbol: KO). The beverage and snack giant has simply run out of the raw materials required to manufacture its products. Under the current Communist regime of Venezuelan strongman Nícolas Maduro, the company is not likely to be able to remedy that situation soon.

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