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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge and Sarah Butler

Coca-Cola reportedly abandons plans to sell Costa Coffee chain

Costa Coffee CocaCola James Quincey FT Whitbread United States
A barista places a cup of coffee on to a serving tray in a Costa Coffee shop
Coca-Cola had high hopes for Costa Coffee when it bought Britain’s largest coffee chain for £3.9bn in 2018 from Whitbread. Photograph: Bloomberg/Getty Images

Coca-Cola has reportedly abandoned plans to sell its Costa Coffee chain after bids from private equity firms failed to meet its expectations.

The US soft drinks company halted discussions with remaining bidders in December, according to the Financial Times, ending a months-long auction process.

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