Coca-Cola Plans to Sell Costa Coffee

Coca-Cola's retreat from a coffee chain it bought six years ago signals a narrower focus on its core beverage brands, and the absence of a buyer, price or timetable suggests the process is still exploratory. The divestment matters most for Costa's thousands of outlets across the UK, Europe, Asia and the Middle East, where ownership change could reshape franchise and supply arrangements. Whether a buyer emerges and how the chain's footprint is managed through the transition is the open question.