Coca-Cola ( KO) is making an audacious move into coffee and retail outlets with the 3.9 billion-pound ($5.1 billion) purchase of U.K. coffee chain Costa, its biggest acquisition in eight years Coca-Cola is about to splash out £3.9 billion to gobble up Costa Coffee, adding to its vast stable of brands. In the UK, Coca-Cola already has more than 80 drinks across 20 different brands.
Sep 5, 2018. LONDON (AP) — Coca-Cola is hoping for a caffeine-fueled boost with the acquisition of British coffee chain Costa. The soda giant is spending $5.1 billion in cash for Britain's biggest coffee company. Costa has more than 2,400 coffee shops in the U.K. and 1,400 others in more than 30 countries, including around 460 in China, its
Coca-Cola is fighting for your attention. The company is unveiling a new look for flavored Coke products this month, and it has a new Coke variety coming in a few weeks. It’s part of the company
Are Costa Coffee still trading in Russia? As far as we can tell, Costa Coffee are not currently trading in Russia , based on the following: On the 8th of March, 2022 Coca-Cola, who own Costa Coffee, released the following statement: “ATLANTA, March 8, 2022 – The Coca-Cola Company announced today that it is suspending its business in Russia.
James Quincey, Coca-Cola President & CEO, commented: “Costa gives Coca-Cola new capabilities and expertise in coffee, and our system can create opportunities to grow the Costa brand worldwide. Hot beverages is one of the few remaining segments of the total beverage landscape where Coca-Cola does not have a global brand. Costa gives us access
Coca-Cola is to buy the Costa coffee chain from owner Whitbread in a deal worth £3.9bn. Whitbread had intended to spin off the chain as a separate firm, but said a straight sale was more
For the full year, revenue is expected to increase by 9.3% from $31.9 billion in 2018 to $34.8 billion in 2019, and further by 4.7% to $36.5 billion in 2020. Higher revenue is likely to be driven Dive Insight: This new unit will have plenty to do. Coca-Cola's announcement in August that it would purchase British multinational Costa Coffee for $5.1 billion was the biggest M&A deal of the eaGdx5.
