Cristiano Ronaldo has shown his strong impact on the top brand of World Coca-Cola after only one gesture where Coca-Cola lost billions of dollars.
Before the opening of their game against Hungary Cristiano Ronaldo held a press conference to talk about the upcoming fixture.
After arriving at the venue of the conference Cristiano Ronaldo saw 2 Coke bottles on the table and then he removed and replaced that bottles with the water bottles.
Cristiano Ronaldo told “agua” which means water in the Portuguese language, After holding up the water bottle.
The message of this gesture was clear and accurate that a healthy celebrity or star guides you to drink water instead of junk drinks.
He has millions of followers on the Internet and around the World so his message is taken seriously and he affected the Coca-Cola brand.
Marca tells their share prices dropped and it affected the overall market value of their company.
The stock price of the Coca-Cola company dropped from $56.10 to $55.2 approximately 1.6% down within hours of this event ( press conference).
Meanwhile, Coca-Cola stated about this matter and mentioned that game players are offered water, alongside with that Coca-Cola and Coca-Cola zero Sugar on reaching their conferences.
The Coca-Cola company also said that “every person is entitled to their drink preferences” and that every person has their different “needs and tastes”
As we understand the top companies always get the support of such types of events to grow their brand value against other brands.
Coca-Cola is the official sponsor of Euro 2020, However Coca-Cola drink bottles were placed on the table at the press conference for their marketing and promotion interest.
According to Johnson (equity analyst at MorningStar), all soft drink brands and companies are facing some sort of “secular pressure” from the significant awareness around health and wellness.
He also said in a note to Insider “The drop in Coca-Cola company stock could very well be a spurious correlation to comment made by Ronaldo”
Cristiano Ronaldo boasts a commercial profile worth $45 million per annum, According to Forbes. Cristiano Ronaldo endorsed many top brands like Nike, Unilever, MTG, DAZN, and many more.
Cristiano Ronaldo one of the top footballers in the World has nearly 300 million followers on Instagram.
Cristiano Ronaldo remains a promotor for healthy living and that is the one cause why he has remained a top player despite being at an age where many football players would have retired already.
Cristiano Ronaldo has previously pointed out no approval of Coke and other junk or unhealthy beverages and foods. Ronaldo’s routine of his fitness is told to involve eating 6 meals and getting 5 naps in a day.
Source: News agencies
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