Coca-Cola will retain ownership of Costa Coffee and reevaluate its China operations — Bloomberg

LootboxPhobia · 2026-02-10T18:01:01+00:00

Coca-Cola has decided to retain full ownership of Costa Coffee and is reevaluating its business in China. Despite challenges, the company has not decided to exit the Chinese market and will continue to focus on it until 2026.

LootboxPhobia

2026-02-10 18:01:01

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Investing.com – Coca-Cola (NYSE: KO) Chief Financial Officer announced on Tuesday that the company will retain full ownership of Costa Coffee while reevaluating the brand’s operations in China, Bloomberg reports.

The beverage giant has been assessing potential acquisition offers for the British coffee chain, which it purchased in 2018 for approximately $5 billion. Despite facing challenges, Coca-Cola has decided not to divest.

Coca-Cola CFO John Murphy told Bloomberg in an interview on Tuesday, “We have decided to continue maintaining 100% ownership of Costa in our portfolio. Aside from improving Costa’s performance, there are no other plans at this time.”

Murphy noted that while some core markets for Costa Coffee are performing well, the China business is “more challenging than we expected.” He emphasized that no decision has been made regarding Costa’s potential exit from the Chinese market.

“This is one aspect of our ongoing portfolio evaluation,” Murphy said. “We will closely monitor the China business throughout 2026.”

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