Costa to ex­pand in China with £35m ac­qui­si­tion

The Daily Telegraph - Business - - Business -

Costa Cof­fee hopes to feed grow­ing de­mand for caffeine in China after spend­ing £35m on the re­main­ing stake of one of its joint ven­tures in the coun­try. Owner Whit­bread, which also owns ho­tel busi­ness Pre­mier Inn, will buy the 49pc stake in the 252 store­strong South China busi­ness, which has been run with Yueda for the past decade, for 310m Chi­nese yuan.

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