September 03, 2018

Coca-Cola Acquires U.K. Coffee Chain, Starbucks Rival Costa

Coca-Cola is acquiring a London-based coffee chain in a deal that gives the company a major retail presence in foreign markets and the opportunity to sell coffee products in various formats worldwide.

costa-feature-750x369

The global beverage giant announced Friday that it had agreed to acquire Starbucks United Kingdom rival Costa Limited for about $5.1 billion.

Costa has nearly 4,000 locations in many markets, including a large presence in the U.K., as well as other countries in Europe, Asia Pacific, the Middle East and Africa. It also sells coffee in retail outlets such as gas stations and movie theaters. The company does not have a retail presence in the U.S.

Read more on USA Today

Categories: News

LOCATIONS

CATEGORIES

FILTER POSTS


RECENT COMMENTS

loading ...





PREVIOUS ARTICLE

Beirut Baristas try to Revive City’s Once Vibrant Cafe Culture

NEXT ARTICLE

L’ARTISAN DU BURGER ARRIVES IN THE MIDDLE EAST