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 Zero Sugar which has a different flavor profile. In 2017, despite increasing sales in the United States, the Coca-Cola Company announced that Coca-Cola Zero would be replaced by Coca-Cola Zero Sugar, intended to taste more like standard Coca-Cola. Coca-Cola Zero Sugar was first tested in the United Kingdom in June 2016, with plans to roll it out in other countries in the following months. Many fans of Coke Zero were outraged and discouraged about the new flavor. "The Washington Post" noted Coke Zero is very popular, and that fans compared the change to the launch of New Coke in 1985. In Australia,