Coca-Cola Co. is making a daring move buying Costa coffee
Coca-Cola has agreed to buy a well-known coffee franchise Costa Coffee for $5.1 billion. CNN Money says that the company will have acquired 4,000 Costa Coffee stores and Costa Express outlets, which sell roastery and for-home coffee products, in 32 countries by 2019. The deal is a nice opportunity for Coca-Cola Co. to enter the market of hot drinks and even try to compete with other significant coffee companies such as Starbucks.
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