🦮 Costa Coffee Owned By Coca Cola

As Coca-Cola-owned Costa Coffee finds itself in a flurry of public criticism and boycott calls in the U.K., we must examine the catalyst – a promotional cartoon featuring a transgender individual with surgical scars indicative of breast removal. The image, emblazoned on a company van, hasn’t just stirred the pot; it’s kicked the hornet Coca-Cola is buying into a strong brand: YouGov data shows that Costa Coffee is by far the UK’s favourite coffee shop, as, faced with a choice, 36% of consumers would choose to visit one of its stores ahead of Starbucks (13%) or Caffè Nero (11%). The £3.9bn ($5.1bn) acquisition gives Coca-Cola a strong foothold in the out-of-home coffee company-owned bottling, sales and distribution operations We also operate retail outlets through Costa Limited, which has nearly 4,000 Costa coffee shops and over 13,000 Costa Express self-serve coffee bars worldwide. Costa’s portfolio also includes at-home coffee solutions. The Coca-Cola Company and its bottling partners are collectively agreement for the sale of Costa Limited (“Costa”), one of the world’s leading coffee brands, to The Coca-Cola Company (“Coca-Cola”), for an enterprise value of £3.9 billion (the “Transaction”). Transaction highlights • Sale of Costa for an enterprise value of £3.9 billion, representing a multiple of 16.4x Costa FY18 EBITDA Costa Coffee is owned by Coca-Cola “The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference. Jaipuria-owned Devyani International continues to run about 50 Costa Coffee stores in India. Coca-Cola is yet to work out a deal for his exit from the franchise agreement. Whitbread acquired Costa Coffee in 1995 and now owns the majority of the coffee shop market in the United Kingdom. In 2019, the Coca-Cola Company paid $5.1 billion for Costa Coffee. Coca-Cola and Costa Coffee’s parent company, Whitbread, announced the deal in 2018. Costa Coffee opened one of Europe’s largest roasteries in Basildon, Essex Mxz7dSZ.

costa coffee owned by coca cola