Weekly News Digest 31/08/18
Coca-Cola to Buy Costa Chain for £3.9 bn
BBC News reports today that Coca-Cola has agreed a deal to buy the Costa Coffee chain from Whitbread. It has 2,400 UK coffee shops and some 1,400 outlets in 31 overseas markets. Costa Express has 8,237 vending machines worldwide. This acquisition offers Coca-Cola access to the hot beverages market – the only beverages segment where Coca-Cola does not have a global brand.
Today’s/Landmark Merger Turbulence
Store Excel understands that the Today’s/Landmark merger is far from a done deal. At an extra-ordinary board meeting this week the Landmark members expressed their concern at the value the merger releases for all concerned. They are challenging the commercial justification and asking the Landmark management to quantify the outcomes. The vote takes place on 6thSeptember.
Concerns About Energy Drinks
The government is to look at ways to reduce the consumption of energy drinks by the under sixteen’s. There are concerns about both the sugar and caffeine intake of young people and the implications regarding obesity.
Brew Dog Barks Loudly
The Grocer is reporting that Brew Dog sales grew by 83% last year. Without doubt the craft and alternative ale category is a fast-growing sector.
Plastic Bag Charges to be Ramped Up
Shoppers could soon have to pay 10p for each single-use bag regardless of their size. Theresa May is now considering charging 10p per bag regardless of how big they are and extending this to all store sizes and formats.
Cider is Getting Fruity
A recent cider feature in the Grocer outlines the decline in white cider of 2.8% over the last year. The great news for retailers is the strong growth in fruit ciders particularly with younger consumers. Key brands: Strongbow, Old Mout, Kopparberg and Magners.
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