The US beverage giant’s CEO, James Quincey, said Costa Coffee has not had the multiplier effect it envisioned when it acquired the chain for $4.9bn in 2019, but acknowledged the strong growth potential of the coffee category
James Quincey has said that Coca-Cola Company is “standing back” and “reflecting on where we should go next in coffee” amid reports it is seeking to offload its Costa Coffee business.
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