Coca-Cola, the largest beverage company in the world, has started to talk with the officials of Cafe Coffee Day in order to gain a significant amount of stake in Cafe Coffee Day. So, Coca-Cola acquiring Cafe Coffee Day is something that may happen in the future.
Almost ten months ago, Coca-Cola acquired Costa Coffee. It’s an UK-based company, and it cost Coca-Cola nearly $5.1 billion. Needless to say, that it is a massive amount. It is also certain that Coca-Cola needs to spend a considerable amount of money (once again) to control Cafe Coffee Day(CCD) . So why is Coca-Cola so interested in buying the company?
Read More: Facebook Engagement is in Gradual Decline- Surprising!
If you think about it, the answer is not too difficult. The soft drinks giant is looking to take control of the fast-growing cafés space. They want to make sure that the competition is less and their business can prosper. And to be fair, it is the perfect opportunity for Coca-Cola.
Read More: Coca Cola Entering Coffee Market
Over the last two years, Cafe Coffee Day struggled to expand its business because of its debt. If Coca-Cola decides to acquire Cafe Coffee Day, it will mean that Cafe Coffee Day will have the much-needed money to reduce its debt.
Read More: Uber’s Latest Campaign Praises Its Partners
However, the negotiation is in the early stage. Both companies refused to make any comments on this.
“This news is absolutely speculative in nature and as a matter of company policy, we do not have any comments to offer at this point in time,” Said a Coca-Cola spokesperson.
All You Need to Know About TikTok’s Journey So Far [Infographic]
The bottom line is that it is still uncertain whether the deal will take place or not. However, considering CDC’s state right now, there is a good chance that Coca-Cola will be able to acquire a significant stake in Café Coffee Day.
Let us know about your thoughts on Coca-Cola entering the coffee market and also on acquiring the prominent Indian coffee chain Cafe Coffee Day.
