William White. Coca-Cola (NYSE: KO) is expanding further into the world of coffee with the acquisition of Costa. Coca-Cola says that it is spending a total of $5.1 billion to acquire the Costa A panel of colleagues blindly tasted some to find out. Coca-Cola Co. made the largest brand acquisition in its history, saying Friday that it would pay $5.1 billion for British coffee-shop chain According to CNBC calculations, a $1,000 investment in Coca-Cola in 2009 would be worth more than $2,800 as of Feb. 15, 2019. While the company’s stock price has been largely steady over the Coca-Cola has agreed to buy Costa Coffee, Britain’s largest coffee-shop chain, from UK company Whitbread for a staggering £3.92 billion ($5.1 billion). It’s “great news for shareholders,” but critics say it’s bad for Britain. The sale of Costa to Coca-Cola is another successful landmark in the 276-year history of Whitbread. Whitbread acquired Costa in 1995, for £19 million when it had only 39 shops and successfully grew the business to be the UK’s favourite and largest coffee shop company. The acquisition was announced by both Coca-Cola and Costa Coffee's parent company, Whitbread, in 2018. It effectively took place in the first half of 2019, for a reported $5.1 billion (via Coca Ravi Jaipuria, the Indian operator of Costa Coffee, said he was keen to run the coffee […] The acquisition of Costa from parent company Whitbread PLC is valued at $5.1 billion and will give Coca-Cola a strong coffee platform across parts of Europe, Asia Pacific, the Middle East and Africa, with the opportunity for additional expansion. Costa operations include a leading brand, nearly 4,000 retail outlets with highly trained baristas Coca-Cola has struggled to integrate its $5.6 billion Chico premium sparkling mineral water, purchased the remaining stake in Fairlife and doled out $5.1 billion to add Costa Coffee. 99OLn6.

coca cola bought costa coffee