Who is the new owner of Costa Coffee?
Coca-Cola acquired Costa in 2018 in a move designed to reduce Coca-Cola’s reliance on sugary drinks. CEO James Quincey promised the soft drinks giant would become a ‘total beverage company’, building “new capabilities and expertise in coffee”, including café culture and foodservice. The deal was intended to provide Coca-Cola with a global platform in a growing area of the beverages market. Costa trades in dozens of countries, including India, Japan, Mexico and Poland, and operates a network of thousands of coffee vending machines internationally under the Costa Express brand.Costa Coffee is a British multinational coffeehouse and retail company headquartered in Dunstable, Bedfordshire, and a wholly owned subsidiary of Coca Cola. It is the largest coffeehouse chain in the world behind Starbucks and the largest in Britain.Starbucks, Luckin Coffee and Dunkin’ are the three largest coffee companies in the world, respectively. The largest coffee houses typically have substantial supply-chain relations with the world’s major coffee-producing countries.Starbucks has been usurped by Costa Coffee as the UK’s largest coffee-shop chain, according to a new report. The study, by Allegra Strategies, revealed that the Whitbread-owned chain now has 24. Starbucks.