Coca-Cola is buying the biggest coffee company in Europe, Costa Coffee, for $5.1 billion, it announced on Friday, making its first move into the coffee market. Though most Costas are in Britain The Coca-Cola Company ( KO) agreed a £3.9bn deal to acquire Costa Coffee from Whitbread ( WTB) in August 2018 and has since then focused on expanding the vending and ready-to-drink products side of the business. In June, the soft drinks giant unveiled three Costa RTD cans, including Classic Latte, Caramel Latte and Black Americano flavors
Coca-Cola completed its $4.9bn (£3.9bn) acquisition of Costa Coffee earlier this year: putting Coca-Cola in charge of the world’s second largest coffee chain (behind Starbucks). Costa was founded in London in 1971 and today has operations in more than 30 countries, including China, Europe, Asia Pacific, the Middle East and Africa.

Coca-Cola has agreed to buy coffee chain Costa Coffee from UK drinks and hotels group Whitbread for £3.9 billion ($5.1 billion). Costa has nearly 4,000 stores across 32 countries.

The acquisition covers the Costa brand, nearly 4,000 retail outlets, a coffee vending operations, Costa’s roastery and for-home coffee formats. The acquisition of Costa helps Coca-Cola spring into the global coffee category: which is growing at around 6% a year and is valued at around $0.5 trillion. In turn, this helps Coca-Cola on its
Aug. 31, 2018 2 PM PT. Coca-Cola Co. is making an audacious move into coffee and retail outlets with the $5.1-billion purchase of British chain Costa, its biggest acquisition in eight years that
November 19, 2022 by Linda. In September 2019, The Coca-Cola Company announced that it had agreed to acquire Costa Coffee from Whitbread for £3.9 billion (US$5.1 billion). The deal, which is subject to shareholder and regulatory approval, is expected to close by early 2019. If approved, Coca-Cola will become the world’s largest coffee company. u9O5.
  • 2umzt815fl.pages.dev/6
  • 2umzt815fl.pages.dev/351
  • 2umzt815fl.pages.dev/140
  • 2umzt815fl.pages.dev/161
  • 2umzt815fl.pages.dev/13
  • 2umzt815fl.pages.dev/71
  • 2umzt815fl.pages.dev/155
  • 2umzt815fl.pages.dev/96
  • 2umzt815fl.pages.dev/163

    • coca cola bought costa coffee