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Coca-Cola has agreed to buy coffee chain Costa for $5.1 billion , taking on Starbucks in the booming global coffee market and extending its push into healthier drinks. Who is Costa owned by? 3, 2019 – The Coca-Cola Company today announced that it has completed the acquisition of Costa Limited from Whitbread PLC.
After buying out the Costa Coffee company, a massive coffee brand from the U.K., Coca-Cola became one of the top coffee companies in the world. Coke’s own “Georgia Coffee” brand has grown
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The acquisition of Costa helps Coca-Cola spring into the global coffee category : which is growing at around 6% a year and is valued at around $0.5 trillion. In turn, this helps Coca-Cola on its mission to move beyond soda and into wider beverage categories.
Bostock, B. and Lee, S. (2018) Coca-Cola’s new $5.1 billion purchase Costa Coffee mapped worldwide - Business Insider, Bussines Insider. Available at:The encouragement to go green ensures that those bringing in their own reusable can claim a free drink for every four drink purchases. But that isn’t all, Costa Club members will also receiveWhat companies does Coca-Cola own? Our portfolio of brands includes Coca-Cola, Sprite, Fanta and other sparkling soft drinks . Our hydration, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, Powerade, Costa, Georgia, Gold Peak, Ayataka, and BodyArmor.
The acquisition of Costa helps coca-cola spring into the global coffee category: which is growing at around 6% a year and is valued at around $0.5 trillion.In turn, this helps Coca-Cola on its mission to move beyond soda and into wider beverage categories.
Costa Coffee is now part of the Coca-Cola Company, which acquired it in 2019 in a $4.9 billion deal, giving Coca-Cola a significant footprint in the global coffee business . Today, the Coca-Cola Company is a $43 billion annual empire, which owns many drinks brands like Coca-Cola, Fanta, Fresca, Schweppes, Sprite, Thums Up, Aquarius, DasanihX69Rm.