RE: Target Price Upgrade28 May 2025 16:31
A takeover is an interesting concept, it is now 7 years since Coca Cola bought Costa, for potentially a similar amount. Our country will be sold and sold cheaply with the £ still at 1.35 or so.
Lifted from BBC
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Coca-Cola is to buy the Costa coffee chain from owner Whitbread in a deal worth £3.9bn.
Whitbread had intended to spin off the chain as a separate firm, but said a straight sale was more profitable.
Chief executive Alison Brittain said Whitbread would now focus on its Premier Inn business in the UK and Germany.
Whitbread bought Costa, which is now the UK's biggest coffee chain, for just £19m in 1995.
At the time, it had just 39 outlets. It now has more than 2,400 UK coffee shops, as well as some 1,400 outlets in 31 overseas markets. Costa Express has 8,237 vending machines worldwide.