X 3 September 2025

Costa Coffee’s journey:

1995 → Whitbread £19m, <40 stores
2019 → Coca-Cola £3.9bn, 2,655 stores
2025 → Coca-Cola exploring £2bn sale, 4,000 stores

For M&A, timing is everything.

news.sky.com/story/coca-col…

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Costa Coffee’s journey:

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