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Coke Adds Coffee Giant Costa to Beverage Portfolio After $ 5 Billion Whitbread Deal

The Coca Cola Company (KO) announced Friday that it will purchase the Starbucks SBUX Coffee brand, the world's second-largest Starbucks SBUX for approximately $ 5 billion from British pub and hotel operator Whitbread plc ( 19659002) deal, where Coca Cola will earn approximately 16.4 times as much as Costa's full-year operation, which derives an enterprise value of £ 3.9 billion …

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Pepsi reports a decline in beverage sales

Updated on July 10, 2018 12:09 PM ET PepsiCo Inc. PEP 3.60% North American beverage sales fell for the fourth quarter in a row, but the company posted a slight profit increase, helped by the domestic snacks business and some divisions in the United States Foreign countries. Net sales of North America's beverage factory, the company's largest-revenue division, declined 0.9% …

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California bows against the beverage industry, blocking soda taxes

Receive breaking news and special reports. The news and stories that are important were delivered on weekday mornings. SUBSCRIPTION A new push by the beverage industry slows the expansion of soda tax in California and elsewhere. California cities pioneered soda-taxing obesity, diabetes and heart disease, but Legislature and Governor Jerry Brown on Thursday bowed under pressure from beverage producers and …

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California bows against the beverage industry, blocking soda taxes

SACRAMENTO, California – A new push by the beverage industry slows the expansion of soda tax in California and elsewhere. California cities pioneered soda taxes to combat obesity, diabetes and heart disease. But Legislature and Governor Jerry Brown on Thursday bowed to pressure from beverage makers and reluctantly banned local taxes on soda for the next 12 years. It follows …

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Bowing to the beverage industry, California blocks soda taxes

SACRAMENTO, California – A new push by the beverage industry slows the expansion of soda tax in California and elsewhere. California cities pioneered soda strategies to fight obesity, diabetes, and heart disease, but Legislative and Governor Jerry Brown on Thursday bowed to pressure from beverage companies and reluctantly banned local taxes on soda for the next 12 years. Similar bans …

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