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...time when the world is trying to cope with international terrorism, superpower tensions and starvation in Africa, has so much furor erupted over what is, after all, merely a change in a soft-drink formula...

Author: /time Magazine | Title: Coca-Cola's Big Fizzle | 4/12/2005 | See Source »

...longer on the evening news. Throughout those changes, Coke was always there, a misty memory from childhood, a rock of ages. "Certain things in our psychological environment have to stay constant because we're in such a changing world," says Dr. Bert Pepper (no relation to the soft drink), a New York City psychiatrist. "Each of us has our favorite object of constancy. Many Americans have picked Coke." Adds Pepper: "People felt outraged and ripped off because there was an implicit and explicit contract between the Coke drinker and the company. There was unilateral abrogation of that contract when...

Author: /time Magazine | Title: Coca-Cola's Big Fizzle | 4/12/2005 | See Source »

...course, possible that Coke can turn its near disaster into a marketing coup. The company now has two Cokes to compete with Pepsi-Cola, as an industry watcher pointed out--one that tastes like Coke and one that tastes like Pepsi. And since the soft-drink maker will still be selling new Coke, none of the millions of dollars spent to launch that product has been wasted. If anything, the furor created by the flavor change has made Coke more of a household word than ever...

Author: /time Magazine | Title: Coca-Cola's Big Fizzle | 4/12/2005 | See Source »

...celebrity by issuing anti-new-Coke buttons and T shirts, setting up a hot line for disgruntled callers and threatening to bring a class-action suit to make the old recipe public. Mullins organized the Old Cola Drinkers of America, whose aim was to bring back the beloved soft drink. It did not matter that Mullins, in two blind tests, expressed a preference for new Coke over old Coke. He wanted his rum-and-Cokes to be just the way they always were...

Author: /time Magazine | Title: Coca-Cola's Big Fizzle | 4/12/2005 | See Source »

...into a profitable sideline. Dennis Overstreet, owner of a Beverly Hills wine shop, bought 500 cases of old Coke after the new product was announced, and sold them all for $30 each, nearly triple the normal price. When they were gone, Overstreet began contacting foreign bottlers to import the drink, which has not yet been replaced by new Coke abroad. His search took him from England ("It didn't taste right") to Mexico, Puerto Rico and finally Brazil. On the day Coca-Cola disclosed that it was reviving the old beverage, a Rio bottler was about to ship Overstreet...

Author: /time Magazine | Title: Coca-Cola's Big Fizzle | 4/12/2005 | See Source »

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