Business news live: The firms bidding for Costa Coffee and Nvidia share price falls https://t.co/4pROmT5XYG https://t.co/OvQawZzmDZ
بلومبرغ: ستاربكس الأمريكية تسجل أعلى مستوى على الإطلاق لخسائرها في ماليزيا بسبب الإحجام عن شراء منتجاتها احتجاجا على الحرب في غزة https://t.co/cvCjQkfDOl
🇬🇧 Britain’s love affair with Costa Coffee has run out of steam https://t.co/Y3kt1PfzSJ
Coca-Cola is exploring the potential sale of its Costa Coffee chain, which it acquired in 2018 for approximately $5 billion. The Atlanta-based beverage company has engaged investment bank Lazard to review strategic options, including divestiture. Initial talks have been held with potential bidders, including private equity firms. Costa Coffee, a major UK-based coffee brand, was purchased by Coca-Cola to expand its presence in the global coffee market and compete with rivals such as Starbucks. The move to consider selling Costa Coffee comes about six years after the acquisition, as Coca-Cola evaluates its portfolio and business strategy.