of 8.4% (Arthur, 2019). Costa cold coffee and tea cans and bottles will be available wherever Coke is sold, such as at supermarkets, discount stores, vending machines, restaurants, airports, and sporting events. Although the possibilities are endless for Coca-Cola and Costa, only time will tell if Costa is a good fit. Shakir Moin, currently Chief Operating Officer for Costa Coffee in the US, will become the Coca-Cola-owned coffee chain’s Interim CEO at the end of July 2022. UK-based Costa Coffee announced on 13 July that Jill McDonald, who has been CEO of Europe’s largest coffee chain since 2019, will be stepping down from the role at the end of July to Coca-Cola is to buy the Costa coffee chain from owner Whitbread in a deal worth £3.9bn. Over the years, it has owned well-known brands such as TGI Fridays, Pizza Hut and Marriott Hotels. Costa Coffee is a well-known coffeehouse chain that was founded in 1971 in the United Kingdom. Coca-Cola is now owned by The Coca-Cola Company, and it has over 4 thousand locations in 30 countries around the world. For the year ending December 31, 2017, Costa Coffee’s annual revenue was approximately 1,2 billion pounds sterling. Rothschild, the storied City of London investment bank that has been fighting to win more business from US clients, has landed another multibillion-dollar mandate from the fizzy drinks giant Coca-Cola. The Coca-Cola Company said on Friday that it had agreed to pay $5.1bn (£3.9bn) to acquire the popular UK coffee chain Costa from its parent Agreement Will Focus on Delivering the Highest Quality Ready-to-Drink Coffee Around the Globe. TRIESTE, Italy & ATLANTA--(BUSINESS WIRE)--The Coca-Cola Company and illycaffe SpA today announced they have signed a memorandum of understanding to form a global joint venture focused on the premium ready-to-drink (RTD) coffee segment leveraging illy's world class expertise in the art of the Jaipuria-owned Devyani International continues to run about 50 Costa Coffee stores in India. Coca-Cola is yet to work out a deal for his exit from the franchise agreement. ATLANTA, Aug. 31, 2018 – The Coca‑Cola Company today announced that it has reached a definitive agreement to acquire Costa Limited, which was founded in London in 1971 and has grown to become a major coffee brand across the world. x138ua.