Coca-Cola Mulls £2B Sale of Costa Coffee After £3.9bn Buyout

Coca-Cola mulls Costa Coffee sale amid shift to healthier innovations

The Coca-Cola Company is reportedly exploring the sale of Costa Coffee, the British coffee chain it acquired in 2018 for over $5 billion.

Coca-Cola Mulls £2B Sale of Costa Coffee After £3.9bn Buyout

Coca-Cola is in talks with investment bank Lazard to review options involving a £2 billion ($2.7 billion) sale of Costa Coffee. The soft drink company had acquired the Costa brand in 2018 from Whitbread, the Premier Inn hotel chain owner, for £3.9 billion ($5.2 billion). Reports have said that the company has already had discussions with potential bidders, which include private-equity firms. Coca-Cola on Why Discussions are Happening Coca-Cola i…

Costa Coffee up for sale: what it says about Britain’s coffee obsession

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! As Coca-Cola is reportedly exploring a £2bn sale of Costa Coffee (Sky News), questions are being asked about what this means for Britain’s high street and the global coffee market. Richard Smith, co-founder of Tea and Coffee, says the potential sale highlights a bigger truth: the way people consume coffee ha…

Coca-Cola in talks over potential £2bn sale of Costa Coffee

New Delhi: Coca-Cola is in discussions with potential buyers about selling Costa Coffee in a deal that could be valued at around £2bn, according to a report by Sky News. The US-based drinks group is said to be working with bankers on a review of the coffee chain, which operates more than 2,000 outlets in the UK. Lazard has reportedly been appointed to explore options for the business and gauge buyer interest. Coca-Cola acquired Costa in 2018 fro…