Category Archives: Business

Whitbread to sell Costa Coffee to Coca-Cola for £3.9B

Whitbread to sell Costa Coffee to Coca-Cola for £3.9B

Whitbread have confirmed it will sell off their Costa Coffee empire to the Coca-Cola company in a deal valued at £3.9b. Agreed unanimously by the Whitbread board, the deal is worth 6.4 times the amount of Costa’s EBITDA for the financial year 2018. When the company acquired the chain in 1995 it held just 39 outlets

Kroger blocks online rivals, stakes in UK’s Ocado

Kroger

Kroger is increasing investment in UK online grocery store Ocado because it defends Amazon.com and other online threats to traditional grocers. Kroger said on Thursday that the subscription agreement will allow it to access Ocado’s online ordering in the United States, automating delivery and door-to-door technology. Kroger Co. and Ocado will choose three locations to