The 3.9 billion-pound ($5.1 billion) sale of the Costa coffee chain to Coca-Cola began brewing when Whitbread's boss Alison Brittain crossed paths with the chief executive of the soft drinks giant
After being acquired by Coca Cola for £3.9bn ($4.8bn) in late 2018, it was only a matter of time before Costa Coffee entered the US market, where the global brand has been curiously absent. Speaking on an investor call on October 22 2020, Coca-Cola Chairman and CEO James Quincey reiterated his firm’s intention to become a “global multi
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 that2 days ago · Going back as far as 1960, Coca-Cola has a history of acquiring businesses in other areas including Minute Maid in juices, Costa in coffee, and Glaceau in bottled water.
In this segment from Industry Focus: Consumer Goods, Vincent Shen and Motley Fool contributor Daniel Kline take a step back to consider how Coca-Cola's (KO-0.15%) acquisition of Costa fits into Coca-Cola just purchased British coffee-shop chain Costa Coffee for $5.1 billion. Costa Coffee is headquartered in London and has nearly 4,000 stores around the world, including its own coffee roastery in England. The move is both large and strategic for Coca-Cola, which has struggled in recent years with the growing perception that its signature soft drinks are unhealthy.