Last year, Coca-Cola paid $5.1 billion to Britain's Whitbread Plc to buy Costa Coffee, the world's biggest coffee retailer behind Starbucks Inc. , establishing a foothold in what CEO James Quincey by Trevor Williams August 5, 2022. Costa's first U.S. retail shop is in the hometown of its owner, Coca-Cola Co. The British chain Costa Coffee has opened its first retail coffee shop in the U.S., marking a shift for a brand that is well-known in the United Kingdom and other countries but has so far served the American market through machines The Coca-Cola Company has bought British coffee chain Costa from Whitbread in a deal worth £3.9 billion. Costa’s operations include nearly 4,000 retail outlets, its Costa Express vending Long-standing parent company Whitbread owned and operated Costa Coffee since its days as a 41-brand small chain. Then, in 2018, it was bought out by global beverage superpower Coca Cola for $4.9 billion. This buyout helped cement Costa Coffee’s already well-established position in the global market. Costa Coffee has 4,400 locations in 31 countries, but no locations in the United States. Costa Coffee has yet to be introduced in the United States by Coca-Cola. In 2017, Coca-Cola bought Costa Coffee for £3.9 billion (or $5.1 billion). Sales grew by about 25% in 2013 and by about 11% in 2017 like-for-like. Coca-Cola has already made its step to expanding its coffee segment by bought the U.K. coffee shop leader Costa for $5.1 million as its most significant acquisition in recent years. Back in 2016, Coca-Cola partnered with Dunkin Donuts for cold coffee drinks, launching to the ready-to-drink coffee market. In 2009, Costa opened its 1,000th store - in Cardiff. In December 2009, Costa Coffee agreed to acquire Coffee Heaven for £36 million, adding 79 stores in central and eastern Europe. On 31st August 2018, Coca Cola paid US$4.9 billion for the Costa chain worldwide. The acquisition covers the Costa brand, nearly 4,000 retail outlets, a coffee vending operations, Costa’s roastery and for-home coffee formats. The acquisition of Costa helps Coca-Cola spring into the global coffee category: which is growing at around 6% a year and is valued at around $0.5 trillion. In turn, this helps Coca-Cola on its jmpoe.

coca cola bought costa coffee