Coca-Cola is considering selling Costa Coffee, with Lazard assisting in exploring options. Potential buyers, including private equity firms, are being approached. Offers for the global chain, present in 50 countries, are expected by early fall 2025. Coca-Cola acquired Costa for over $5bn in 2018 to diversify beyond sugary drinks and compete in the coffee market.

CEO James Quincey hinted at disappointing returns from the Costa investment during an earnings call. Coca-Cola is adapting to health-conscious trends by using real cane sugar in US products. The potential sale of Costa aligns with industry shifts towards healthier options and strategic deals to navigate inflation and changing consumer preferences.

Read more at Yahoo Finance: Coca-Cola explores potential sale of Costa Coffee