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Coca-Cola Hopes for Caffeine Hit as It Buys Costa Coffee Chain

Coca-Cola is hoping for a caffeine-fueled boost with the acquisition of British coffee chain Costa. Costa is Britain's biggest coffee company, with over 2,400 coffee shops in the U.K. and another 1,400 in more than 30 countries, including around 460 in China, its second-biggest market. Coca-Cola said Friday it will buy the Costa brand from Whitbread for 3.9 billion pounds ($5.1 billion) in cash. The deal, expected to close in the first half of 2019, comes on the heels of...

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