Coca-Cola reportedly looks to sell Costa Coffee after an earlier sale process failed

Reuters, citing Semafor, reports Coca-Cola is looking to sell Costa Coffee after a sale process failed earlier in 2026. Coca-Cola bought the British chain for $5.1 billion in 2018. Reuters also cites a Financial Times report that Coca-Cola scrapped earlier sale plans because private equity offers fell short. Semafor said a potential strategic buyer passed over valuation and strategic issues; the price Coca-Cola might seek if it puts Costa back on the market remains unclear.