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Coca-Cola Co. is making an audacious move into coffee and retail outlets with the 3.9 billion-pound ($5.1 billion) purchase of U.K. chain Costa, its biggest acquisition in eight years that pushes the soda pioneer into a fiercely competitive java market.
Krispy Kreme Doughnut Corp., a subsidiary of JAB Holding Co. (owner of beauty giant Coty and beverage producers Keurig Dr. Pepper and Peet's Coffee & Tea), is buying a majority stake in Insomnia Cookies.