Monday, December 23

Tag: Costa coffee

Coffee Clash Brewing in China: Startup Luckin takes on Starbucks
20Jan By Press Trust of IndiaNo Comments
CHINA

Coffee Clash Brewing in China: Startup Luckin takes on Starbucks

AFP: When Starbucks came to China two decades ago it promised to open a new store every 15 hours. Now a homegrown Chinese company Luckin Coffee plans to build a high tech-driven shop every three and a half hours to dethrone the US giant. The Chinese upstart is burning through millions of dollars to lure customers with steep discounts, challenging Starbucks' dominance by targeting office workers and students who prefer to have their java on-the-go or delivered to their doorstep. They could really benefit from wholesale coffee roasters similar to Iron and Fire based in the UK so they're really able to take on the competition. While Starbucks and British rival Costa Coffee offer lounging spaces for people to work or meet friends, most Luckin outlets are more like "delivery kitch...
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Coca-Cola Buys Out ‘Costa Coffee’ from Whitbread
1Sep By Gauri SinghNo Comments
ACQUISITION

Coca-Cola Buys Out ‘Costa Coffee’ from Whitbread

US-based beverage maker Coca-Cola has reportedly agreed to buy out coffee chain Costa Coffee from UK drinks and hotels group Whitbread. The amount of the deal is worth $5.1 billion including debt. This move has been taken primarily to extend its push into healthier drinks as the demand for aerated and soda drinks is falling. Also, the company is trying to take on the likes of Starbucks and Nestle as the global coffee market is getting a boost. Costa has nearly 4,000 stores across 32 countries. It will give Coca-Cola "a strong coffee platform across parts of Europe, Asia Pacific, the Middle East and Africa, with the opportunity for additional expansion," Coca-Cola stated. Coca-Cola will use its distribution network to supercharge Costa's expansion as it is currently behind the predomin...
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