• 'A huge premium': Here's how analysts are reacting to Coca-Cola's deal to buy Costa Coffee

    20 days ago - By Chron

    Scott Olson/Getty Images
    Coca-Cola on Friday announced a surprise move to buy Costa Coffee, one of Europe's largest cafe chains, from current owners Whitbread for £3.9 billion .
    Whitbread has been clear for a while that it wanted to offload Costa, and had initially planned to spin off the company from its main business. However, it settled on a sale after an approach from Coca-Cola in June.
    On the surface, the move makes sense for both sides of the deal, with Whitbread earning significantly more from the sale than it would have from a spin out, and Coca-Cola getting a well established...
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  • Coca-Cola makes $5.1bln bet on coffee

    20 days ago - By Reuters

    Coca-Cola is buying Britain's Costa, the world's second largest coffee chain, for just over $5bln. Rosanna Philpott reports.
    Read more ...

     

  • 'A huge premium': Here's how analysts are reacting to Coca-Cola's deal to buy Costa Coffee

    'A huge premium': Here's how analysts are reacting to Coca-Cola's deal to buy Costa Coffee

    20 days ago - By Business Insider

    Coca-Cola on Friday announced a surprise move to buy Costa Coffee , one of Europe's largest cafe chains, from current owners Whitbread for £3.9 billion .
    Whitbread has been clear for a while that it wanted to offload Costa, and had initially planned to spin off the company from its main business. However, it settled on a sale after an approach from Coca-Cola in June.
    On the surface, the move makes sense for both sides of the deal, with Whitbread earning significantly more from the sale than it would have from a spin out, and Coca-Cola getting a well established brand in a space it is...
    Read more ...

     

  • This map shows the huge international reach of Costa Coffee, the mega-chain which Coca-Cola just bought for $5.1 billion

    20 days ago - By Chron

    Martin Rosenbaum/Flickr
    Coca-Cola is buying Costa Coffee for $5.1 billion, a huge move into the coffee market.
    Costa is based in the UK, but has stores worldwide - here's where they all are.
    Coca-Cola is buying the biggest coffee company in Europe, Costa Coffee, for $5.1 billion, it announced on Friday, making its first move into the coffee market.
    Though most Costas are in Britain, part of the attraction will inevitably have been the chain's global reach, including 459 stores in China, almost 60 in India, and a solitary outlet in Vietnam.
    This map shows you the breadth of Costa's reach...
    Read more ...

     

  • I visited the coffee chain that Coca-Cola just bought for $5.1 billion - and I have no idea why anyone goes there

    20 days ago - By Chron

    Ben Pruchnie / Getty Images
    Coca-Cola is buying British coffee chain Costa Coffee for $5.1 billion, it was announced on Friday.
    However, I can't work out why.
    The obvious answer is because Costa has, for many years, dominated the UK coffee market - growing from 39 to nearly 4,000 outlets worldwide in the space of 13 years.
    It is China's second-biggest coffee chain behind Starbucks, boasting over 400 stores in the country .
    Read more ...

     

  • Goldman Sachs, Deutsche Bank, and Rothschild are all getting a slice of Coca-Cola's game-changing $5.1 billion deal for Costa Coffee

    20 days ago - By Chron

    Coca-Cola/YouTube
    Coca-Cola is buying UK-based coffee-giant Costa Coffee for $5.1 billion .
    British investment bank Rothschild & Co is advising Coca-Cola on the deal.
    Whitbread, the parent of Costa Coffee, has instructed Goldman Sachs, Morgan Stanley, and Deutsche Bank to advise on the transaction.
    Coca-Cola on Friday announced a shock deal to buy the coffee chain Costa Coffee from its parent company Whitbread in a deal valued at just shy of $5.1 billion .
    The acquisition marks Coca-Cola's first meaningful foray into the coffee market as it seeks to diversify in the face of a market-wide...
    Read more ...

     

  • This map shows the huge international reach of Costa Coffee, the mega-chain which Coca-Cola just bought for $5.1 billion

    This map shows the huge international reach of Costa Coffee, the mega-chain which Coca-Cola just bought for $5.1 billion

    20 days ago - By Business Insider

    Coca-Cola is buying Costa Coffee for $5.1 billion, a huge move into the coffee market.
    Costa is based in the UK, but has stores worldwide - here's where they all are.
    Coca-Cola is buying the biggest coffee company in Europe, Costa Coffee, for $5.1 billion, it announced on Friday , making its first move into the coffee market.
    Though most Costas are in Britain, part of the attraction will inevitably have been the chain's global reach, including 459 stores in China, almost 60 in India, and a solitary outlet in Vietnam.
    This map shows you the breadth of Costa's reach, labelling each country...
    Read more ...

     

  • This map shows the huge international reach of Costa Coffee, the mega-chain which Coca-Cola just bought for $5.1 billion

    This map shows the huge international reach of Costa Coffee, the mega-chain which Coca-Cola just bought for $5.1 billion

    20 days ago - By Business Insider

    Coca-Cola is buying Costa Coffee for $5.1 billion, a huge move into the coffee market.
    Costa is based in the UK, but has stores worldwide - here's where they all are.
    Coca-Cola is buying the biggest coffee company in Europe, Costa Coffee, for $5.1 billion, it announced on Friday , making its first move into the coffee market.
    Though most Costas are in Britain, part of the attraction will inevitably have been the chain's global reach, including 459 stores in China, almost 60 in India, and a solitary outlet in Vietnam.
    This map shows you the breadth of Costa's reach, labelling each country...
    Read more ...

     

  • Coca-Cola buys British coffee chain for $5.1B

    Coca-Cola buys British coffee chain for $5.1B

    20 days ago - By Biz Journals

    The Coca-Cola Company is taking a major leap into the coffee world, reaching a definitive agreement to buy Costa Limited, the world's second biggest coffee chain, from parent company Whitbread PLC for $5.1 billion.
    The Atlanta-based beverage giant will acquire all issued and outstanding shares of Costa Limited, a Whitbread subsidiary that contains all the existing operating businesses of Costa.
    Costa, founded in London in 1971, is a staple in the United Kingdom and has a growing footprint...
    Read more ...

     

  • Goldman Sachs, Deutsche Bank, and Rothschild are all getting a slice of Coca-Cola's game-changing $5.1 billion deal for Costa Coffee

    Goldman Sachs, Deutsche Bank, and Rothschild are all getting a slice of Coca-Cola's game-changing $5.1 billion deal for Costa Coffee

    20 days ago - By Business Insider

    Coca-Cola is buying UK-based coffee-giant Costa Coffee for $5.1 billion .
    British investment bank Rothschild & Co is advising Coca-Cola on the deal.
    Whitbread, the parent of Costa Coffee, has instructed Goldman Sachs, Morgan Stanley, and Deutsche Bank to advise on the transaction.
    Coca-Cola on Friday announced a shock deal to buy the coffee chain Costa Coffee from its parent company Whitbread in a deal valued at just shy of $5.1 billion .
    The acquisition marks Coca-Cola's first meaningful foray into the coffee market as it seeks to diversify in the face of a market-wide slowdown in sales...
    Read more ...

     

  • I visited the coffee chain that Coca-Cola just bought for $5.1 billion - and I have no idea why anyone goes there

    I visited the coffee chain that Coca-Cola just bought for $5.1 billion - and I have no idea why anyone goes there

    20 days ago - By Business Insider

    Coca-Cola is buying British coffee chain Costa Coffee for $5.1 billion , it was announced on Friday.
    However, I can't work out why.
    The obvious answer is because Costa has, for many years, dominated the UK coffee market - growing from 39 to nearly 4,000 outlets worldwide in the space of 13 years.
    It is China's second-biggest coffee chain behind Starbucks, boasting over 400 stores in the country .
    In the last financial year, Costa made £1.3 billion in revenue .
    Financially, the buyout might make sense - but I can't figure out why anyone goes to the coffee chain in the first place.
    Living in...
    Read more ...

     

  • Goldman Sachs, Deutsche Bank, and Rothschild are all getting a slice of Coca-Cola's game-changing $5.1 billion deal for Costa Coffee

    Goldman Sachs, Deutsche Bank, and Rothschild are all getting a slice of Coca-Cola's game-changing $5.1 billion deal for Costa Coffee

    20 days ago - By Business Insider

    Coca-Cola is buying UK-based coffee-giant Costa Coffee for $5.1 billion .
    British investment bank Rothschild & Co is advising Coca-Cola on the deal.
    Whitbread, the parent of Costa Coffee, has instructed Goldman Sachs, Morgan Stanley, and Deutsche Bank to advise on the transaction.
    Coca-Cola on Friday announced a shock deal to buy the coffee chain Costa Coffee from its parent company Whitbread in a deal valued at just shy of $5.1 billion .
    The acquisition marks Coca-Cola's first meaningful foray into the coffee market as it seeks to diversify in the face of a market-wide slowdown in sales...
    Read more ...

     

  • Coca-Cola is buying British coffee chain Costa for $5.1 billion

    20 days ago - By Fast Company

    As people sour on sugar water, Coke needs other beverages to sell.
    The American soft drink maker is looking to expand its beverage offerings as people's thirst for coffee continues unabated and people increasingly shun sugary drinks. Coke will pay £3.9 billion for Costa, which has 3,800 stores in 32 countries and is headquartered in the U.K. , reports Bloomberg. This isn't the first time Coke has flirted with coffee. Last year the company launched Coca-Cola Blak, a sugary soft drink flavored like coffee. That went over about as well as you would expect. But Coke isn't the only sugar water...
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