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

ASDA owned Walmart merging with Sainsbury to give a brawl to UK biggest retail giant

U.K. food retail is set for a massive shake up as J Sainsbury and Asda plan to merge, creating a new giant for the supermarket sector. J Sainsbury and Walmart‘s Asda are joining forces in a deal worth £7.3 billion ($10 billion), they confirmed Monday morning. If approved by regulators, it will surpass Tesco which is the largest retailer in the U.K. with 25 percent of market share. The two companies … Continue reading ASDA owned Walmart merging with Sainsbury to give a brawl to UK biggest retail giant