Coca-Cola bought Costa Coffee in 2018. In a statement from the company, Costa’s CEO Jill McDonald said: “After 50 years of celebrating some of the most enjoyable books written by hugely talented authors from across the UK and Ireland, Costa Coffee has taken the difficult decision to end the book awards.” Costa Coffee was acquired by the Coca-Cola Company in 2018 from Whitbread Plc. Over the e-commerce and channels that have witnessed exponential growth after the pandemic, Ray said it will use the
Coca-Cola Co. agreed to buy the U.K. chain Costa Coffee for 3.9 billion pounds ($5.1 billion) to gain a global brand to expand in hot drinks.
Costa Coffee was just bought by Coca-Cola for $5.1 billion. Ben Pruchnie / Getty Images Coca-Cola is buying the British coffee chain Costa Coffee for $5.1 billion , it was announced on Friday. Coca-Cola today swooped on Britain’s biggest coffee shop chain Costa in a £3.9 billion takeover of one of the high street’s best-known brands. The sale of the 40-year-old company caught the Costa Coffee Announces New CEO. LONDON-- (BUSINESS WIRE)-- Costa Coffee announced today that Philippe Schaillee will become CEO of the company effective April 10, 2023. Schaillee comes to Costa from Groupe SEB, where he has served as executive vice president in charge of Products and Innovation since April 2021.
The €4.4 billion sale of the Costa coffee chain to Coca-Cola began brewing when Whitbread's boss Alison Brittain crossed paths with the chief executive of the soft drinks giant at a conference
In Great Britain it follows on from the launch of Coca‑Cola Energy and Signature Mixers and Aquarius earlier this year. The new range is set to further move Costa Coffee to becoming the world’s number one coffee business. Costa Coffee now has over 2,600 coffee shops in the UK and more than 1,300 plus shops in 32 overseas markets.
Coca-Cola, which bought Costa Coffee for $5.1 billion in 2018, is tapping tech to sell the product with its BaristaBot. A robotic kiosk, BaristaBot lets consumers order via cell phone in a 11RfJ.
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