The Coca-Cola Company has acquired the Costa coffee chain from its parent company Whitbread for £3.9 billion (approximately AU$7.0 billion).
“Costa gives Coca-Cola new capabilities and expertise in coffee, and our system can create opportunities to grow the Costa brand worldwide,” says James Quincey, Coca-Cola President and CEO.
“Hot beverages is one of the few segments of the total beverage landscape where Coca-Cola does not have a global brand. Costa gives us access to this market with a strong coffee platform.”
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