Transfer of Ownership Rights
- When
- April 14 - August 30, 1888
- Where
- Atlanta
Pemberton sold ownership rights to Asa Griggs Candler in 1888, who later became the sole proprietor of the brand.
In 1888, Pemberton sold ownership rights to Asa Griggs Candler. On April 14, 1888, Candler purchased a one-third interest in the formula, in a deal made between Pemberton's son Charley and Walker, Candler & Co., with Pemberton cosigning for his son. On April 17, 1888, Candler acquired one-half of the Walker/Dozier interest shares for an additional $750. According to Charles Howard Candler's 1950 book about his father, Asa Candler became the sole proprietor of Coca-Cola on August 30, 1888, a claim the source describes as becoming 'technically all true' with that action.
Sources
- Coca-Cola Wikipedia, revision of 2026-10-06
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.