US Edition5 Articles
5 Articles
The possible sale of the Costa coffee chain, which belongs to the bottler Coca-Cola, comes at a time of important mergers and acquisitions in the coffee sector. Without going any further, the acquisition of JDE Peet’s by the company Keurig Dr Pepper was recently announced. In this sense, Coca-Cola bought the British chain Costa Coffee in August 2018 worth 4,350 million euros; an acquisition that at the time was visualized as a purchase to compet…
Coca-Cola considers selling Costa Coffee after rising costs and weak performance
Coca-Cola considers selling Costa Coffee after rising costs and weak performanceCoca-Cola is weighing a potential sale of Costa Coffee, according to two people familiar with the matter, as mounting costs and increasing competition from premium rivals continue to weigh on the brand’s performance. The soft drinks giant acquired Costa, the UK’s largest coffee chain, in 2018 for £3.9 billion as part of a strategy to […] The post Coca-Cola considers …
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
