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Coca-Cola to retain full ownership of Costa Coffee
Coca-Cola has confirmed it will retain full ownership of Costa Coffee, following months of speculation over a potential divestment of the UK-based café chain.
Major food groups drop Nutri-Score labels in Germany after tougher scoring rules take effect
Several multinational companies, including PepsiCo, Alpro and Costa, have withdrawn products from Germany’s voluntary Nutri-Score front-of-pack labelling system.
Coca-Cola abandons Costa Coffee sale - Financial Times reports
According to reports, Coca-Cola has halted its plans to sell Costa Coffee, the UK-based coffee chain that it acquired for $5.1 billion back in 2018.
Coca-Cola’s proposed Costa Coffee sale faces uncertainty as talks with TDR Capital falter – FT
Coca-Cola’s plans to sell Costa Coffee are at risk of being abandoned, according to the Financial Times, as negotiations with private equity firm TDR Capital encounter difficulties over valuation.
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.
The Coca-Cola Company restructures reporting lines for Costa and Innocent
Coca-Cola says its Costa Coffee and innocent Drinks brands will transition to report directly to the company’s Europe operating unit.
Costa Coffee is a British multinational coffee-house company headquartered in the UK and with outlets across Britain, Europe, Asia Pacific, the Middle East and Africa.
Costa’s operations include nearly 4,000 retail outlets, its Costa Express vending operation, for-home coffee formats and a roastery.
It was acquired by the Whitbread Group in 1995 and, towards the end of its spell under Whitbread’s ownership, the emphasis increasingly turned to its convenience channel under the name Costa Express. This side of the business emerged from Whitbread’s £59.5 million acquisition of Coffee Nation and, by 2018, covered more than 8,000 Costa Express machines in eight different countries serving consumers the same coffee as Costa’s stores in convenience, travel and forecourt locations.
Costa was spun off by Whitbread in April 2018 and then, in August, Coca-Cola announced plans to pay £3.9 billion for the business.
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