Costa Coffee hails ‘strong progress’ after scrapped sale

Costa Coffee hails ‘strong progress’ after scrapped sale

Costa Coffee has hailed a year of “strong progress” after owner Coca-Cola scrapped plans to sell it, with the coffee chain saying its refurbishment plan is paying off. The UK’s second-largest coffee chain grew revenue by five per cent to £1.3bn last year and returned to operating profit.  Coca-Cola had been hoping to offload the coffee company to a private equity buyer, but ditched plans for a sale in January after bidders failed to meet its exp…