John Stith Pemberton
John Stith Pemberton
Comunity Hub
arrow-down
arrow-down
arrow-down

Business Dealings and Sale of Coca-Cola Formula Timeline

This timeline covers Pemberton's business decisions regarding Coca-Cola, including the sale of portions of his ownership and the formula itself.
Partial Sale of Coca-Cola Ownership
1887
Beset by illness and financial difficulties, Pemberton began selling portions of his Coca-Cola ownership to various business partners and investors. This fragmented the control of the burgeoning enterprise.
Sale to Asa Griggs Candler
1888
Shortly before his death, Pemberton sold the remaining portions of his Coca-Cola rights to Asa Griggs Candler, a shrewd businessman. Candler recognized the drink's potential and purchased the full rights, paving the way for Coca-Cola's national and global expansion.
Continued Sales by Pemberton's Son
Later Sales
After John Pemberton's death, his son, Charles Pemberton, continued to sell portions of what he claimed was his father's Coca-Cola formula, leading to legal disputes and further confusion regarding the ownership of the brand and its secret ingredients.