Core Viewpoint - Coca-Cola has abandoned the sale of Costa Coffee due to private equity bids falling short of expectations, concluding a months-long auction process [1] Group 1: Sale Decision - Coca-Cola set the sale price for Costa Coffee at approximately £2 billion, which is about half of the £3.9 billion paid to Whitbread Group for the acquisition in 2018 [1] - The company terminated negotiations with remaining bidders in December last year [1] Group 2: Leadership Changes - Coca-Cola's Chief Operating Officer, Henrique Braun, is set to replace James Quincey as CEO in March [1] - There is a possibility that the company may revisit the sale of Costa Coffee in the medium term [1] Group 3: Performance Issues - James Quincey acknowledged in July that Costa Coffee has not delivered the expected results for Coca-Cola [1] - Costa Coffee faces competition from both higher-end independent coffee shops and lower-priced competitors like Greggs [1]

Core Viewpoint - The divestment plan for Costa by Coca-Cola has been temporarily shelved due to potential buyers' bids falling short of expectations, leading to the termination of negotiations with remaining bidders as of December 2025 [2][3] Group 1: Divestment Plan - Coca-Cola initiated the search for buyers for Costa in August 2025 to optimize its brand portfolio and reallocate funds [2] - The negotiations attracted interest from several private equity firms, including TDR Capital, KKR, and the backers of Luckin Coffee, but ultimately failed due to pricing issues [2] - Coca-Cola aimed to complete the sale for approximately £2 billion, which is nearly half of the £3.9 billion acquisition price in 2018 [2] Group 2: Business Challenges - The acquisition of Costa in 2018 was intended to strengthen Coca-Cola's position in the hot beverage market, creating a comprehensive coffee platform across various consumption scenarios [2] - The business faced multiple challenges post-acquisition, including the impact of the global pandemic, soaring costs of raw materials like coffee beans, and intensified market competition [2] Group 3: Future Considerations - The suspension of the sale plan may necessitate Coca-Cola to reassess the value of the Costa business [3] - Industry insiders suggest that Coca-Cola's management will need to balance between unfavorable sale prices and the pursuit of new growth opportunities in the ongoing operation of Costa [3]

Core Viewpoint - Coca-Cola has decided to abandon the sale of Costa Coffee due to bidders' offers not meeting expectations, marking a significant setback for the company [1][3]. Group 1: Sale Abandonment - Coca-Cola has terminated negotiations with remaining bidders for Costa Coffee as of December 2025, halting the auction process that had been ongoing for several months [3]. - Potential bidders included TDR Capital and Bain Capital, with discussions reportedly stalling over price disagreements [3][5]. - Coca-Cola's asking price for Costa Coffee was approximately £2 billion (around ¥18.7 billion), which is about half of the £3.9 billion it paid for the brand in 2018 [3][4]. Group 2: Financial Performance - Costa Coffee's revenue for 2024 was reported at £1.2 billion (approximately ¥11.2 billion), but the company experienced a significant operating loss of £13.5 million (around ¥1.25 billion), attributed to weak foot traffic and competition from lower-priced rivals [4]. - The company also recorded an impairment loss of £48.6 million (approximately ¥455 million) related to its operations in China, citing weaker-than-expected coffee demand in Shanghai [4]. Group 3: Future Considerations - There is speculation that Coca-Cola may revisit the sale of Costa Coffee in the medium term despite the current abandonment of the sale [3]. - The new CEO, Henrique Braun, will be responsible for determining the future strategy for Costa Coffee, with an emphasis on creating value for consumers [7][9]. - Coca-Cola has indicated that it will retain control over Costa Coffee's ready-to-drink products, which have shown strong sales growth in specific regions [5].

Core Viewpoint - Coca-Cola has reportedly abandoned plans to sell its UK chain Costa Coffee after private-equity offers did not meet its expectations [1][2] Company Strategy - Coca-Cola acquired Costa Coffee for $5.1 billion in 2018 as part of its strategy to become a "total beverage company" [2] - CEO James Quincey indicated that the investment in Costa has not met growth expectations, particularly in the ready-to-drink coffee segment and home Express machines [3][6] - The Costa business remains heavily weighted towards physical stores, with over 2,000 locations in the UK and more than 3,000 globally [3] Market Insights - The coffee category is described as large, profitable, and growing, presenting an attractive opportunity for Coca-Cola [4] - Despite challenges, the Costa business has returned to volume growth, with ongoing investments in stores and expansion of Costa Express machines [5] Future Considerations - Coca-Cola is reflecting on its coffee strategy, acknowledging that the anticipated growth in non-retail segments has not materialized as expected [6]

来源：环球市场播报 在可口可乐的运营下，Costa Coffee一方面要与定位更高端的独立咖啡店竞争，另一方面还要应对格雷 格斯（Greggs）等平价咖啡运营商的冲击，而与此同时，消费者支出始终保持疲软态势。 英国Companies House提交的财务文件显示，2024年Costa Coffee的营业收入为12亿英镑，运营亏损却同 比翻倍多，增至1350万英镑。该公司将亏损归咎于商业街客流量低迷以及来自平价竞争对手的激烈竞 争。 此后，英国咖啡行业一直受困于咖啡豆价格上涨和人力成本增加的双重压力，尤其是去年4月生效的雇 主国民保险缴费上调政策，进一步加重了企业负担。 此次出售计划失败可能迫使可口可乐减记Costa Coffee在其账面上的资产价值。 知情人士表示，进入后期谈判的企业包括阿斯达超市（Asda）的母公司TDR Capital，以及贝恩资本特 殊情况基金——该基金旗下拥有盖尔面包店（Gail's）和必胜客英国业务（Pizza Express）等品牌。 此前有报道称，可口可乐为Costa Coffee设定的出售目标价约为20亿英镑，这一金额大致相当于其2018 年从普瑞米尔酒店集团（Premier ...

Coca-Cola has abandoned plans to sell its Costa Coffee chain after offers from private equity firms failed to meet expectations, the Financial Times has reported. The US beverage group ended talks wit... ...

格隆汇1月14日｜据英国金融时报，由于私募股权公司的报价低于预期，可口可乐已放弃出售旗下Costa 咖啡连锁品牌的计划。两位知情人士称，这家美国饮料巨头已于12月终止与剩余竞购方的谈判，持续数 月的竞标进程随之搁置。 ...

Core Viewpoint - Coca-Cola has decided to abandon its plans to sell the Costa Coffee chain due to offers from private equity firms falling below expectations [1] Company Summary - The decision to halt the sale of Costa Coffee indicates that the valuation from potential buyers did not meet Coca-Cola's financial expectations [1]

Atlanta, Georgia-based The Coca-Cola Company (KO) is a beverage company that manufactures, sells, and markets Coca-Cola and a wide portfolio of other non-alcoholic beverages, including sparkling soft drinks, juices, waters, sports drinks, tea, coffee, and energy beverages. Valued at a market cap of $303.3 billion, the company is expected to announce its fiscal Q4 earnings for 2025 in the near future. Before this event, analysts expect this beverage company to report a profit of $0.56 per share, up 1.8% f ...

Core Viewpoint - The article discusses the investment insights and research provided by Ian Bezek, a former hedge fund analyst, focusing on high-quality compounders and growth stocks in Latin America and developed markets [2]. Group 1 - Ian Bezek has a decade of experience conducting on-the-ground research in Latin America, particularly in markets such as Mexico, Colombia, and Chile [2]. - The investing group led by Ian, called Ian's Insider Corner, offers features like a Weekend Digest, trade alerts, and direct access to Ian for members [2]. - The group emphasizes the importance of identifying high-quality stocks at reasonable prices, which is a key focus of Ian's investment strategy [2]. Group 2 - The article does not provide specific financial data or performance metrics related to the companies mentioned [3][4].