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[7] [8] Costa branched out to selling coffee and opened their first store in Vauxhall Bridge Road, London in 1981. [9] By 1995, the Costa Coffee chain had 41 stores in UK, [10] and was acquired by Whitbread, the UK's largest hotel and coffee shop operator, becoming a wholly owned subsidiary. In 2009, Costa opened its 1,000th store, in Cardiff.
Acquired by Whitbread in 1995, it had since grown to over 2,861 stores across 30 countries. [53] In August 2018, Whitbread announced that it would sell Costa Coffee to The Coca-Cola Company in a deal worth £3.9bn. The acquisition was completed on 3 January 2019 following a $4.9 billion transaction, with approval from regulatory authorities in ...
The purchase from Britain's Whitbread (WTB.L) of Costa's almost 4,000 outlets thrusts the world's biggest soda company into one of the few bright spots in the sluggish packaged food and drinks ...
In 1981, they opened their first Costa Coffee shop in London's Vauxhall Bridge Road. [2] By 1995, the chain had grown to 41 UK coffee shops, and was acquired by Whitbread. In 2019, The Coca-Cola Company bought the company for US$4.9 billion, and as of 2023, there are 3,401 coffee shops in 31 countries.
LONDON -- Shares in Whitbread dipped 3.4%, or 87 pence, to 2,476 pence this morning, despite positive news following the release of the company's fourth-quarter trading statement. The U.K.'s ...
Whitbread, which has its origins as a brewer, has focused on its hotel business after Coca-Cola Co bought Costa for 3.9 billion pounds ($5.1 billion) in a cash deal completed in early January.
The Costa Book Awards were a set of annual literary awards recognising English-language books by writers based in UK and Ireland.Originally named the Whitbread Book Awards from 1971 to 2005 after its first sponsor, the Whitbread company, then a brewery and owner of pub-restaurant chains, it was renamed when Costa Coffee, then a subsidiary of Whitbread, took over sponsorship.
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