Whitbread had plans to spin out the Costa brand, but the sale to Coca-Cola has come as something of a surprise to many in the market, given that Coca-Cola has no presence in coffee.
For its part, Coca-Cola is keen to broaden its beverage range from soft drinks to coffee having already introduced a range of Japanese alco-pops.
Coca-Cola is to buy the Costa coffee chain from owner Whitbread in a deal worth £3.9bn.
Still, Costa outranks Starbucks in the United Kingdom - it also operates a business of 8,000 self-service machines - and is expanding in markets such asChina.
Corbyn jibe ‘offensive like Powell’ says ex-chief rabbi
The veteran MP confirmed to Sky News that he was considering hiring lawyers to fight any attempt to eject him from the party. In a tweet, Femi said: "If Labour doesn't support a #PeoplesVote, I will vote against them until they clean-out those MPs.
Coffee has been one of the frothiest markets for mergers and acquisitions activity over the past year, as competition between Swiss group Nestlé and JAB Holdings - the private investment group that manages the wealth of Germany's billionaire Reimann family - has heated up.
Paying about 1 billion pounds ($1.3 billion) more than some analysts had expected, Coke will use its distribution network to supercharge Costa's expansion as it chases current coffee chain market leader Starbucks and its nearly 29,000 stores across 77 markets.
Costa Coffee has been sold to Coca-Cola for £3.9 billion, it has been announced.
The proposed deal is expected to close at the end of summer 2019, Coca-Cola said, if it gains regulatory approval in the European Union and China. "Costa has strengths in many countries and in many key distribution channels of the coffee business". Costa would also be able to expand into ready-to-drink categories using Coke's expertise and marketing heft, making the two businesses "remarkably complementary".
McKevitt notes that Coke "doesn't now have any coffee outlets in its arsenal and this is an opportunity for the business to plug that gap and tap into this growing market".
Some of the proceeds will go towards reducing Whitbread's pension deficit and financial debt to ease expansion of the Premier Inn hotel chain in the United Kingdom and Germany, but Brittain said a "significant majority" of the cash would go to shareholders.
Nestle joined the trend of coffee giants taking aim at smaller niche producers, buying Blue Bottle Coffee and Chameleon Cold Brew.
Porto remain on a similar level they have been at for the last few years and will be a test for each club in their group. Galatasaray have an incredible atmosphere which can help them qualify for the round of 16.
In 1990, he received his first Academy Award nomination for Cyrano de Bergerac and was awarded a Golden Globe for Green Card . Think your friends would be interested? "The case was passed on to the Paris prosecutor", the source told Reuters.
As seen in the image above unearthed by 9to5Mac, the Apple Watch Series 4 will pack a bigger display and smaller bezels. Based on the latest rumors, the two premium OLED devices will sport a 5.8-inch and 6.5-inch display, respectively.
Since the NDP came to power last summer, Horgan said B.C. has used the rule of law to argue its position against the pipeline. Stewart Phillip, the grand chief of the Union of British Columbia Indian Chiefs, said the ruling took him aback.
So I think that's the toughest part for me: "When you always want someone to win, to have to beat them", Serena said. Serena and Venus Williams were always destined for tennis greatness, and this archive footage proves it.
Critics say that UNRWA's strategy perpetuates the Palestinian "refugee" problem , instead of devising a solution for it. The new number would only include people who were directly displaced, not their offspring.
But Modric, who also claimed the Golden Ball at the World Cup , won the most votes from coaches and journalists to seal the award. Liverpool will face Paris Saint-Germain, Napoli and Red Star Belgrade in Group C of the Champions League this season.
Open champions on the schedule include 2017 title winners Sloane Stephens and Rafael Nadal , who bookend the day in Ashe. Auger-Aliassime already had been visited by a doctor during a changeover in the third set and said his heart was racing.
US Open: Story of the first round
And he didn't ditch his image during his first round match against Dennis Novak at the US Open on Wednesday. Check out his press conference and his full answer, below. "Thankfully I wasn't too nervous, I felt good".
Green Bay Packers and Aaron Rodgers agree to record deal
That's the only way this is going to work, and the best way things work in this situation is that we're in this thing together. At the time of his old contract, which was worth $22 million per year, Rodgers was the highest paid quarterback.
Wait, Did CNN's Don Lemon Just Defend Antifa?
At stake in the November midterms, Trump told the audience, are all the gains he has made for conservative Christians. Trump did, however, sign an executive order in May of a year ago meant to ease enforcement of the amendment.