Coca-Cola FEMSA a joint venture with The Coca Cola Company in 1991 with FEMSA initially owning 51% of the stock. It started expanding its international operations in 2003 when it acquired Panoramico, another Mexican Coca-Cola bottler with operations in Central America, Colombia, Venezuela, and Brazil. It later acquired additional bottling companies in Brazil (its second largest market) as well as the main Coca-Cola bottler in the Philippines in 2013. The company reported revenues of US$ 9.6 billion for 2015. On Coca-Cola FEMSA's 2011 venture into the coffee vending market: On Coca-Cola FEMSA's approach to human resource management, focusing on their operations in
Coca-Cola formula were dropped. According to some sources, coca leaf extract, with the cocaine chemically removed, remained part of the formula. By one account, the FDA still screens random samples of Coca-Cola syrup for the presence of cocaine. The company will neither confirm nor deny that the current version of Coca-Cola contains coca leaf extract, deferring to the secret nature of the formula. In 1911, the United States Government sued the Coca-Cola Company for violations of the Pure Food and Drugs Act, claiming that the high concentration of caffeine in Coca-Cola syrup was harmful to health. The case was decided in favor