Quote:
Originally Posted by Stephen
Cadbury was bought a few years back and that had nothing to do with Brexit or a week £.
Costa would have been bought no matter what. Whitbread had been looking to either spin off as a separate entity or sell it for a while now to focus on Premier Inn.
Also the Chinese have been buying international companies for years.
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No one is arguing about why Cadbury was acquired or saying that British companies have never been acquired by overseas companies before, it's the fact that two large acquisitions (>£1bn) have come in a short period of time. I agree that the Chinese have been buying overseas companies - they own Volvo Cars, London Taxis and Motorola phones to name a few brands but it's one-way traffic.
The plan was to float Costa Coffee on the London Stock Exchange and not sell it so it would have remained British. The weakened £ following the Brexit vote ($1.45 before the vote, versus $1.30 today) contributed to it being a cheaper potential acquisition for overseas acquirers like Coca-Cola and hence made this outcome more likely.
---------- Post added at 17:22 ---------- Previous post was at 17:20 ----------
Quote:
Originally Posted by Mr K
No tea is British, even Yorkshire tea. The Selby tea fields are apparently a myth  |
There is an English tea plantation in Sunny Cornwall!
https://tregothnan.co.uk
---------- Post added at 17:27 ---------- Previous post was at 17:22 ----------
Quote:
Originally Posted by Maggy J
Seems every thread keeps being dragged back to Brexit. Very tedious.
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I'm sorry that you get that impression but if I believe it is connected, I think it's best that I say so and let people discuss the hypothesis.
Having said that, I think this is the only recent thread I think in which the B-word has been raised.