Coca-Cola explores sale of Costa Coffee

U.S. beverage giant Coca-Cola is reportedly working with investment bankers at Lazard to explore a possible sale of its coffee chain Costa.

The move comes as Coca-Cola looks to streamline its portfolio and focus on its core soft drinks business, News.Az reports, citing Reuters.

Costa, acquired by Coca-Cola in 2019, operates hundreds of coffee shops worldwide and remains a significant brand in the global coffee market.

 

News.Az