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The Coca-Cola Company is said to have received a bid from Bain Capital’s Special Situations division for its well-known café chain, Costa Coffee. Established in London in 1971 by brothers Bruno and Sergio Costa, the business started as a wholesale operation…
UK coffee chain Costa Coffee has expanded its presence into Japan under a joint venture dubbed Sojitz Royal Cafe between Sojitz Corporation and Royal Holdings. The chain’s first location in Japan was launched in the Shibuya district, featuring the brand’s…
Just days after Costa Coffee announced it was to be bought by Coca-Cola, UK cafe chain Costa Coffee has confirmed it is exiting Singapore. During the last 13 weeks Costa Coffee Singapore has closed six stores in the city and its two remaining outlets will…
UK’s Costa Coffee says sales in China have underpinned solid growth in its Asian operations. Costa has 459 stores in China, where sales rose 4.9 per cent in the first half year as Chinese continue to boost their coffee consumption. The company plans to open a…
Converting a nation of tea drinkers to coffee will be a tough job. But it has been done before. In 1995, when UK conglomerate Whitbread bought CB Costa Brothers Coffee from Sergio and Bruno Costa, tea was the UK’s favourite hot drink. “At home, people drank…
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…
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…
The company’s planned capital expenditures in 2016 is a 59 per cent increase from the P3.1 billion it spent in 2015. Robinsons Retail said expects to reach more than 200 stores in 2016 and would continue to explore merger and acquisition opportunities. “We…
The first of five Costa Coffee Manila cafes has opened its doors, marking the British-headquartered coffee chain’s Philippines debut. Costa, the world’s second largest dedicated coffee chain behind Starbucks, has opened in Eastwood City Mall in Quezon City,…
