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Coca-Cola became the owner of the Costa Сoffee chain

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Coca-Cola became the owner of the Costa Сoffee chain
January 08
09:00 2019

Costa Coffee has been officially sold. Coca-Cola has paid nearly $ 5 billion for the purchase. The agreement was awaiting the approval of the authorities in Europe and China.

For Coca-Cola, such a purchase means getting 4 thousand establishments and the production for processing and selling coffee beans.

Costa Coffee was founded in 1971. Costa comes from Britain. In 1995, Whitbread became its owner. At that time, the chain owned about 40 cafes. Last year, Costa became a separate organization. During that fiscal year, its revenue reached 1.3 billion pounds and a profit amounted to 238 million British pounds.

Costa Coffee is the most popular chain among coffee shops in Britain.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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