Reported about 20 hours ago
Coca-Cola's $5.1 billion acquisition of Costa Coffee in 2018 is facing an uncertain future, as revenue has declined from £1.3 billion to £1.22 billion over recent years. While CEO James Quincey acknowledges the need to find new growth avenues, challenges such as stiff U.S. competition, supply chain issues, inflation, and fluctuations in coffee prices cast doubt on Costa's performance. Despite the struggles, there remains potential for scaling up ready-to-drink offerings, especially in international markets, if Coca-Cola commits to the brand.
Source: YAHOO