CG: Coca-Cola Wants a Piece of This $570 Billion Market

Industry Focus

The Motley Fool

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4.6 • 854 Ratings

🗓️ 4 September 2018

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

On Aug. 31, Coca-Cola announced that it would acquire Costa, a coffee business with thousands of retail storefronts and vending machines stretching from the U.K. to China. Combined with Coke’s industry-leading scale and distribution, the $5.1 billion buyout will help the company tap into the growing coffee industry. Stocks: KO

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Transcript

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0:00.0	Thanks to LinkedIn for supporting the Molly Fool.
0:02.0	LinkedIn jobs matches people to your role based on more of who they really are, their skills, interests, and even how open they are to new opportunities.
0:09.0	For $50 off your first job posts go to lengthen.com slash
0:14.7	full terms and conditions apply.
0:17.0	Welcome to Industry Focus, the podcast that dives into a different sector of the
0:21.3	stock market every day. I'm your host, Fitz and Shen.
0:23.4	It's Tuesday, September 4th.
0:25.6	Hope everyone, at least Stateside, enjoy their holidays and long weekend.
0:29.0	We're excited to kick off this week for Industry Focus. But on the last Consumer Retail Show,
0:35.0	New Fool Nix Saipel and I talked about the upcoming Eventbright IPO.
0:38.0	And we plan to follow up on the discussion today
0:40.0	with coverage of one of its major competitors, Live Nation.
0:43.2	We're going to put that episode on ICE just until next week so that I can welcome
0:47.2	Fool.com contributor Dan Klein into the studio.
0:50.3	Always a pleasure when you're in town and you stop by full H-Q Dan.
0:53.0	Hey Vince, thanks for having me.
0:55.0	Really great to see you.
0:56.0	I know that you have Coca-Cola on your mind.
0:59.0	So they announced a big deal last week.
1:02.0	This was stunning. Like's very rare we're surprised.
1:05.6	Usually we have a bunch of ideas mapped out if something buys so-and-so or this one while we knew this coffee company Costa was for sale.
1:15.8	We did not have Coca-Cola on our radar as a purchaser.
	...

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