Stay abreast of what’s happening internationally with developments in corporate public affairs. Here is news that you may find useful and interesting:
Coca-cola bets on coffee with $5.1 billion deal for CostaND
Michael J. de la Merced, The New York Times, Friday August 31 2018
Coca-cola announced Friday that it planned to buy Costa, one of the world’s largest coffee chains for $5.1 billion US cash. The deal is Coke’s biggest ever acquisition of a brand, and will make it the third-largest player in the coffee shop industry, well behind Starbucks and just behind McDonalds. The deal is part of a larger war from big companies getting into the coffee business in an attempt to capture the fast-rising coffee consumption habits around the world. Coke’s sales have been falling for five years, as consumers move away from the sugary drinks that long underpinned its business empire.
For the full story see: www.nytimes.com