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You won't believe what Coca-Cola just did with its coffee brand [Yahoo! Finance]

Coca-Cola Company (The) (KO)  More Company Research Source: Yahoo! Finance
Last coca-cola company (the) earnings: 4/21 05:55 am Check Earnings Report
US:NYSE Investor Relations: coca-colacompany.com/investors
The Financial Times says the soft-drinks behemoth is now in "last-ditch" talks with private equity firm TDR Capital after price talks broke down. The Coca-Cola board in New York chose TDR as the preferred bidder earlier this week. TDR is a co-owner of EG Group and owns the UK grocery store brand Asda. The Financial Times, on the other hand, heard from people familiar with the process that conversations had stopped about the deal's value, which means it could fall through. Coca-Cola wants about £2 billion for Costa Coffee, which is a lot less than the £3.9 billion it agreed to pay Whitbread in 2018. However, it's still a significant sum for a company that lost money last year. The business at the heart of this issue has had problems. According to the Times, Costa lost £13.8 million on £1.2 billion in sales in 2023. Based on today's exchange rate, the number means almost $18 million in losses on $1.6 billion in sales. The drop occurred because costs rose and competition got to [Read more]
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Stockreport

You won't believe what Coca-Cola just did with its coffee brand [Yahoo! Finance]

Coca-Cola Company (The)  (KO) 
More Company Research Source: Yahoo! Finance
Last coca-cola company (the) earnings: 4/21 05:55 am Check Earnings Report
US:NYSE Investor Relations: coca-colacompany.com/investors
The Financial Times says the soft-drinks behemoth is now in "last-ditch" talks with private equity firm TDR Capital after price talks broke down. The Coca-Cola board in New York chose TDR as the preferred bidder earlier this week. TDR is a co-owner of EG Group and owns the UK grocery store brand Asda. The Financial Times, on the other hand, heard from people familiar with the process that conversations had stopped about the deal's value, which means it could fall through. Coca-Cola wants about £2 billion for Costa Coffee, which is a lot less than the £3.9 billion it agreed to pay Whitbread in 2018. However, it's still a significant sum for a company that lost money last year. The business at the heart of this issue has had problems. According to the Times, Costa lost £13.8 million on £1.2 billion in sales in 2023. Based on today's exchange rate, the number means almost $18 million in losses on $1.6 billion in sales. The drop occurred because costs rose and competition got to [Read more]
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KO
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%
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