Fanta is completely owned by The Coca-Cola Company. Coca-Cola controls all strategic, financial, and operational aspects of the Fanta brand globally from its headquarters in Atlanta, Georgia. Fanta is one of Coca-Cola's billion- dollar brands, with over 200 flavors available worldwide, distributed in more than 190 countries. It originated in 1940 in Nazi Germany as a wartime substitute beverage and was later fully reformulated after the war to become the fruit-flavored soda known today.