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Showing posts with the label #Costa

Coca-Cola - Costa Cofffe

#Coffee #Costa #CocaCola The deal adds to Coca-Cola's efforts to move away from fizzy drinks and toward healthier options for increasingly health-conscious consumers. The deal was unanimously agreed to by the Whitbread board to be in the best interests of shareholders, the company said in a statement. Whitbread acquired the chain in 1995 for £19 million, when it had only 39 shops C oca-Cola  bought coffee chain, Costa, for $5.1 billion including debt to extend its push into healthier drinks and take on the likes of  Starbucks  and Nestle in the booming global coffee market. The purchase from Britain's Whitbread of Costa's almost 4,000 outlets thrusts the world's biggest soda company into one of the few bright spots in the sluggish packaged food and drinks sector. Paying about 1 billion pounds ($1.3 billion) more than some analysts had expected, Coke will use its distribution network to supercharge Costa's expansion as it chases current coffee chain