Coca-Cola Acquires a Coffee Company
Coca-Cola Press Release
Coca-Cola announced that it has reached a definitive agreement to acquire Costa Limited.
According to the company, the $5.1 billion deal will provide Coca-Cola with a strong coffee platform in nearly 4,000 retail outlets across areas of Europe, Asia Pacific, the Middle East and Africa.
Costa ranks as the leading coffee company in the United Kingdom and has a growing footprint in China.
The transaction is expected to close in the first half of 2019.
WPP Appoints a New Chief Executive Officer
WPP announced that Mark Read will be the company’s new CEO.
Read will be replacing Martin Sorrell, the longtime CEO who left the company in April.
According to a company press release, Read has played a central role in many of WPP’s most successful investments and initiatives and has deep experience at the board and operational level.
CNBC reports that Walmart looks to add 30% more toys to its product offering for the upcoming holiday season following Toys R Us bankruptcy and closure of its stores in the United States.
According to a Walmart press release, the company looks to host more than 2,000 in-store toy demo dates over the next two months at Supercenters across the United States so that kids can play with top toys as they start to build their holiday wish lists.
Other companies including Party City, J.C. Penney, and Target look to help fill the gap in Toys R Us absence from the market.