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It’s been a big morning for coffee spit takes. We got two this morning – one confirmed, and the other a loud rumor from close sources – from a pair of global giants operating at the very top of the category. Brace your mugs, people.  

Keurig Dr Pepper has secured its future in the coffee category this morning with an agreement to purchase JDE Peet’s for just over $18 billion. 

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Things are looking different in Atlanta, where Coca-Cola has apparently been mulling the future of its big-ticket purchase from nearly a decade ago. The soda giant has hired investment bank Lazard, per media reports, to explore options for Costa Coffee – the company’s largest ever brand purchase at $5 billion, back in 2018 – amidst its struggles to take off in North America. 

Insiders can access the full scoop.

Say it ain’t so, Flow. The Canadian alkaline water brand reported it is facing foreclosure from two of its creditors after alleged loan repayment defaults. As well, longtime CEO Nicholas Reichenbach is out as the company’s leader.

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