Coca-Cola on Friday announced a surprise move to buy Costa Coffee, one of Europe’s largest café chains, from the British company Whitbread for £3.9 billion, or $US5.1 billion. Whitbread has been clear for a while that it wanted to off-load Costa, and it initially planned to spin off the company […]
Coca-Cola is buying UK-based coffee-giant Costa Coffee for $US5.1 billion (£3.9 billion). British investment bank Rothschild & Co is advising Coca-Cola on the deal. Whitbread, the parent of Costa Coffee, has instructed Goldman Sachs, Morgan Stanley, and Deutsche Bank to advise on the transaction. Coca-Cola on Friday announced a shock […]
The US beverage giant Coca-Cola is buying the British coffee-shop chain Costa Coffee in a surprise acquisition. The British company Whitbread is selling Costa for £3.9 billion, or $US5.1 billion. Coca-Cola is using the deal to expand into the coffee market, where it has no presence. The move is likely […]
