Hot beverages is one of the few remaining segments of the total beverage landscape where Coca-Cola does not have a global brand.
Coca-Cola's new drink is said to be a twist on Japan's popular Chu-Hi alcopop beverage. (Photo: AP)
London: Coca-Cola on Friday said it had agreed to buy global coffee chain Costa from its owner Whitbread for 3.9 billion pounds (USD 5.1 billion).
"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," Coca-Cola chief executive James Quincey said in a joint statement.
Next Story
