PP_1170x120_10-25-21

James Quincy

Coca-Cola buys British chain Costa Coffee

Coca-Cola buys British chain Costa Coffee

NEW YORK — Coca-Cola announced plans today to purchase Costa Coffee for $5.1 billion. As of 2016, the British coffee shop is the world’s second-largest coffee chain, according to a report by the chain’s parent company Whitbread. The deal puts Coca-Cola directly in the competitive coffee market with competitors such as:  Starbucks. Nestle, which owns Nescafe