Overview

• The company has held initial talks with a small group of prospective buyers, including private equity firms, according to multiple reports.
• Lazard is advising on options and sounding out interest, with indicative offers expected in early autumn.
• Coca-Cola may still decide not to proceed with a sale, and both the company and Lazard declined to comment.
• Costa reported 2023 revenue of £1.22bn and a pre-tax loss of £9.6m, citing inflationary costs and write-downs in filings.
• Analysts have suggested a potential price near £2bn, and CEO James Quincey has signaled a reassessment of the group’s coffee strategy.