Coca-Cola buys Costa Coffee from Whitbread for £3.9bn

‘Other suitors weren’t wearing the right suit or driving the right car’ – Alison Brittain

The soft drinks giant Coca-Cola is buying the Costa Coffee chain in a near-£4bn deal that underlines the scale of the global coffee revolution.

The takeover will overnight turn Coca-Cola into the UK’s biggest coffee shop player and give it a foothold in what is one of the world’s fastest-growing drinks categories. The global coffee shop market alone is worth $165bn (£127bn).

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from US news | The Guardian https://ift.tt/2LJjlBl