Business Standard

Coca-Cola buys coffee chain Costa for 3.9 bn pounds


AFP London
Coca-Cola today said it had agreed to buy global coffee chain Costa from its owner Whitbread for 3.9 billion pounds ($5.1 billion).
"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 to this market through a strong coffee platform," Coca-Cola chief executive James Quincey said in a joint statement.

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First Published: Aug 31 2018 | 12:15 PM IST

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