Coca-Cola Co. on Friday said it would buy British coffee-shop chain Costa for $5.1 billion, diversifying further from its soft-drink roots and marking the latest bet by a major consumer-goods company on coffee. The move would be the biggest brand acquisition in the history of Coca-Cola and a gamble that the soda giant can move into the crowded retail world and take on Starbucks Corp., which has more than 27,000 cafes around the globe.

Source: Wall Street Journal August 31, 2018 06:32 UTC