Costa Coffee hails ‘strong progress’ after Coca-Cola scraps sale Retail Costa Coffee has hailed a year of “strong progress” after owner Coca-Cola scrapped plans to sell it, with the coffee chain saying its refurbishment plan is paying off. The UK’s second-largest coffee chain grew revenue by five per cent to £1.3bn last year and returned to operating profit. Coca-Cola had been hoping to offload the [...]
Tesco and Boots lead 100,000 jobs pledge to tackle Neets crisis Retail Tesco, Boots and dozens of other retailers have pledged to create 100,000 new jobs in a bid to tackle the youth unemployment crisis, which they say is trapping young people in a “doom loop”. A group of top high street firms – which also includes Asda, John Lewis and Marks & Spencer – have joined [...]
AI could be picking your coffee as startup takes £2m Retail An AI-powered coffee vending machine which tells its users when and what it might like to drink is set to spring up in forecourts, gyms and campuses across the country. Unity Coffee, which uses AI to offer tailored discounts based on the time and user behaviour, has completed a £2m fundraising and aims to “disrupt” [...]
Coca-Cola considers grounds for sale of Costa August 23, 2025 Soft drinks giant Coca-Cola has called in bankers for exploratory talks regarding a sale of coffee chain Costa. The Coca-Cola company, which acquired Costa over six years ago, has held talks with a number of potential bidders including private equity firms, according to Sky News. Investment bank Lazard is working with the firm to explore [...]
Coffee Wars: Inside the race to become London’s number one chain June 1, 2024 Coffee has played a vital role in reviving Brits for centuries. Despite feeling like a relatively new phenomenon, the first record of a coffee house in England dates back to 1652 and was said to be opened by a Turkish Man named Jacob in Oxfordshire.