COCA-COLA TO AC­QUIRE COSTA COF­FEE

Business Today - - THE BUZZ -

US bev­er­age gi­ant Coca-Cola has agreed to pay $5.1 bil­lion to buy Costa Cof­fee chain from the UK leisure group Whit­bread. Costa has nearly 4,000 stores across 32 coun­tries. The deal gives Coke a strong cof­fee plat­form in parts of Europe, the Asia-Pa­cific, West Asia and Africa. It also puts Coca-Cola in di­rect com­pe­ti­tion with Star­bucks and other global cof­fee brands. Ear­lier this year, Nestlé and Star­bucks struck a $7.2 bil­lion global cof­fee al­liance.

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