August 31, 2018
Costa Coffee owner Whitbread has agreed to sell the UK's biggest coffee chain to Coca-Cola in a massive deal worth £3.9billion.

The leisure group had planned to split Costa and list it as a separate entity, following pressure from activist investor Elliott.
But in a statement this morning, the company said a sale of the coffee chain is now "in the best interests of shareholders".
Proceeds of the deal will be used to pay down debt and boost the pension fund.
Coca-Cola president James Quincey welcomed the acquisition, saying: "Costa gives Coca-Cola new capabilities and expertise in coffee.
"Our system can create opportunities to grow the Costa brand worldwide.
"Hot beverages is one of the few remaining segments of the total beverage landscape where Coca-Cola does not have a global brand.
"Costa gives us access to this market through a strong coffee platform. I'd like to welcome the team to Coca-Cola and look forward to working with them."
Whitbread's chief executive Alison Brittain said the group will now focus on its Premier Inn hotel chain in the UK and Germany.
Costa Coffee sale: Coca-Cola to buy UKs biggest coffee chain in £3.9 BILLION deal
Costa Coffee sale: Coca-Cola to buy UKs biggest coffee chain in £3.9 BILLION deal
She said: "This transaction is great news for shareholders.
"It recognises the strategic value we have developed in the Costa brand and its international growth potential and accelerates the realisation of value for shareholders in cash.
"This combination will ensure new product development, continued growth in the UK and more rapid expansion overseas."
Whitbread acquired Costa in 1995 for £19 million from founders Sergio and Bruno Costa when it had only 39 shops.
Costa Coffee sale: Coca-Cola to buy UKs biggest coffee chain in £3.9 BILLION deal
It now has more than 2,400 outlets across the UK.
The deal comes hot the heels of another big-money acquisition in the sector.
In May, Bridgepoint sold coffee shop chain Pret a Manger to an investment fund of Germany's billionaire Reimann family for £1.5bn.
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Oprah labeled a ‘fraud’ for calling out ‘white privilege’ since she’s so rich | Page Six News
August 05, 2020
UkN27iMbFog
Nev Schulman still thinks about the woman who catfished him | Page Six Celebrity News
August 04, 2020
Oi59RxPGvdk
Hyram’s skincare tips for treating and preventing ‘maskne’ | Page Six Celebrity News
August 03, 2020
2n7_Pv0tUiM
Chris Meloni talks 'Maxxx' and His Return to 'Law and Order'
July 29, 2020
ZFTDB-dwyUA
'The Fugitive' Star Boyd Holbrook Shares Why He Left 'Narcos' After 2 Seasons
July 27, 2020
2kTuD8LTGCE
'The Kids Are All Right' Director Gives an Oral History on the Film on its 10-Year Anniversary
July 23, 2020
8LXA1-1hpCE
Rep. Jim Clyburn Says Gov't Preparing for Trump's Refusal to Leave White House | TMZ
August 05, 2020
VwVCjeLdFlo
FBI Raid Famous Vegas Graffiti Mansion, Owned By Jake Paul's Friend | TMZ
August 05, 2020
Q7uxyA7Ec4k
Jake Paul's Home Searched by FBI, Small Army Leaves the Area | TMZ
August 05, 2020
lzfgeaSUmS4
Cameron Diaz on Quitting Acting & Don't Call Her Daughter Pretty | Daily Pop | E! News
August 06, 2020
e2Hwc_oxGjc
Gwyneth Paltrow Tells Why 13-Year Marriage to Chris Martin Ended | Daily Pop | E! News
August 06, 2020
ht522hajo1M
Luke Bryan Talks New Album, Prank Wars & More | Daily Pop | E! News
August 06, 2020
yUfrNDKCQt8
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
01
Aug
ITALY: Serie A
Juventus - Roma
01
Aug
ITALY: Serie A
AC Milan - Cagliari
01
Aug
ITALY: Serie A
Napoli - Lazio
01
Aug
ITALY: Serie A
Atalanta - Inter Milan
29
Jul
ITALY: Serie A
Torino - Roma
29
Jul
ITALY: Serie A
Cagliari - Juventus
29
Jul
ITALY: Serie A
Sampdoria - AC Milan
28
Jul
ITALY: Serie A
Inter Milan - Napoli
26
Jul
ENGLAND: Premier League
Manchester City - Norwich City
26
Jul
ENGLAND: Premier League
Arsenal - Watford
26
Jul
ENGLAND: Premier League
Leicester City - Manchester United
26
Jul
ITALY: Serie A
Juventus - Sampdoria
26
Jul
ENGLAND: Premier League
Chelsea - Wolves
26
Jul
ENGLAND: Premier League
Newcastle United - Liverpool
26
Jul
ENGLAND: Premier League
Crystal Palace - Tottenham Hotspur
26
Jul
ITALY: Serie A
Roma - Fiorentina
25
Jul
ITALY: Serie A
Napoli - Sassuolo
25
Jul
ITALY: Serie A
Genoa - Inter Milan
24
Jul
ITALY: Serie A
AC Milan - Atalanta
23
Jul
ITALY: Serie A
Udinese - Juventus
22
Jul
ENGLAND: Premier League
Liverpool - Chelsea
22
Jul
ENGLAND: Premier League
Manchester United - West Ham United
22
Jul
ITALY: Serie A
Inter Milan - Fiorentina
22
Jul
ITALY: Serie A
Spal - Roma
22
Jul
ITALY: Serie A
Parma - Napoli
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
-g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k tudKp5Vhs3k iwWHibhssSo kQr0XHPbICM
Copyright © 2020 Feedimo. All Rights Reserved.