Skip to content
Subscriber Only
Sarah Halzack and Brooke Sutherland

Coke Craves Coffee, Buys Coffee Chain

Its purchase of Costa includes a sprawling fleet of retail stores — not exactly the soda giant’s core competency.

All this for a cuppa?

All this for a cuppa?

Photographer: Chris Ratcliffe/Bloomberg

Coca-Cola Co. is going outside of its comfort zone in its pursuit of a caffeine buzz.

The beverage giant on Friday said it agreed to acquire Costa for $5.1 billion, a deal that would bring into its stable a brick-and-mortar coffee chain with about 4,000 stores across the globe.