BENGALURU (Jan 14): Coca-Cola has abandoned plans to sell its Costa Coffee chain after offers from private equity firms came in below expectations, the Financial Times (FT) reported on Wednesday. The US beverage giant ended talks with remaining bidders in December, halting a months-long auction process, the report said, citing two people familiar with the matter. Coca-Cola and Costa Coffee did not immediately respond to Reuters' request for comments. Coca-Cola could revive plans to sell Costa in the medium term, according to the report. Coca-Cola acquired Costa Coffee in 2018 for an enterprise value of US$5.1 billion to strengthen its position in the global coffee market, where it competes with Starbucks and Nestle.

Source: The Edge Markets January 14, 2026 08:16 UTC