Acquisition closed
Coca-Cola acquires Costa Coffee (2019)
Coca-Cola completed the acquisition of Costa Coffee on 3 January 2019 for $4.9 billion, buying from Whitbread.[1]
Coca-Cola bought Costa Coffee from Whitbread, its first move into a large hot drinks platform and its entry into physical coffee retail.
Deal facts
- Announced
- Closed
- Value
- $4.9 billion (enterprise value)
- Buyer
- Coca-Cola
- Seller
- Whitbread
- Assets
- Costa Coffee
- Regulatory review
- None recorded
Ownership changes recorded from this deal
| Owner | Owned | Relationship | Stake | From | To |
|---|---|---|---|---|---|
| Coca-Cola | Costa Coffee | owns | 100% | 2019-01-03 | present |
| Whitbread | Costa Coffee | owns | 100% | 1995-01-01 | 2019-01-03 |
Who owns Costa Coffee today?
- Costa Coffee — owned by Coca-Cola since 2019
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] The Coca-Cola Company Annual Report on Form 10-K — SEC EDGAR, SEC Form 10-K; retrieved 6 September 2026.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.