UK biggest coffee chain, Coca Cola to buy Costa Coffee for £4 bn from Whitbread

Coca-Cola is to buy Costa coffee from leisure group Whitbread in a deal that values the UK high-street chain at £3.9bn including debt. Whitbread had previously announced it would spin off Costa from the rest of its business, which is focused on the faster-growing Premier Inn hotel brand, after coming under pressure from activist investors. The sale marks the end of Whitbread’s 23-year ownership of … Continue reading UK biggest coffee chain, Coca Cola to buy Costa Coffee for £4 bn from Whitbread