Costa

Retail Asia10/09/2020

British coffee franchise Costa will pull back further from the China market by early next year. In response to a dip in consumer demand, the Coca-Cola-owned firm reduced its physical stores within the territory by around 10 percent last month, half of which were located in the capital, Beijing. It has also shuttered its entire […]

Retail Asia08/01/2019

The Coca-Cola Company has announced that it has completed the acquisition of Costa Limited from Whitbread PLC. The US$ 4.9 billion transaction follows approval from regulatory authorities in the European Union and China. The acquisition was first announced on August 31, 2018. Costa, which has operations in more than 30 countries, gives Coca-Cola a significant footprint in the global […]

Retail Asia10/10/2018

Coca-cola bought Costa Coffee for GBP3.9 billion (US$5.1 billion) recently. As a result of the deal, the US-based fizzy drink company will gain a strong cafe presence across Europe, Africa, the Middle East, and the Asia Pacific. So far, Costa has about 2,400 coffee shops in the UK, 1,400 coffee shops in 31 international markets, and more […]

Retail Asia06/09/2018

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The Coca-Cola Company has announced that it has reached a definitive agreement to acquire Costa Limited, which was founded in London in 1971 and has grown to become a major coffee brand across the world. The acquisition of Costa from parent company Whitbread PLC is valued at US$ 5.1 billion and will give Coca-Cola a strong coffee […]

Retail Asia13/10/2017

British high-street chain Costa Coffee has taken full ownership of its south China business after buying out partner Yueda. Costa previously held 51 per cent of their JV, buying the balance of shares for RMB310 million (US$47 million), giving it total control of 252 stores. The deal is part of the group’s plans to expand […]

Retail Asia12/10/2017

Costa Coffee Vietnam has made its debut with an outlet at Da Nang International Airport. The outlet has been opened by British multinational coffeehouse company’s global partner, Italian catering company Autogrill. Costa Coffee says the store is part of its expansion in Southeast Asia. It opened a store in Jakarta last month, with a second […]

Retail Asia11/09/2017

Costa Cruises is launching a WeChat payment service onboard its fleet in China. It allows Chinese guests to use the online social communication platform to enjoy hassle-free mobile payment options, including duty free shopping – claimed to be a first for the global cruise industry. The WeChat service (also known as Weixin in China) launched on 2 […]

Tag: Costa

Costa sliming down Chinese cafe network

The Coca-Cola Company completes acquisition of Costa

The digital opportunity for Coca Cola at Costa Coffee

The Coca-Cola Company to acquire Costa

Costa Coffee buys out south China partner Yueda

Costa Coffee Vietnam makes debut at airport

Costa offers WeChat for duty free shopping on Chinese cruises