Pause operations: company temporarily curtailing operations while keeping return options open

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Costa Coffee is a British coffeehouse chain with headquarters in Dunstable, England. Costa Coffee was founded in London in 1971 by Sergio Costa as a wholesale operation supplying roasted coffee to caterers and specialist Italian coffee shops. It was acquired by Whitbread in 1995, sold in 2019 to The Coca-Cola Company in a deal worth £3.9bn, and has grown to 3,401 stores across 31 countries and 18,412 employees. The business has 2,121 UK restaurants, over 6,000 Costa Express vending facilities and a further 1,280 outlets overseas, including 460 in China.

Pause operations: company temporarily curtailing operations while keeping return options open

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Glob.Revenue, mln.USD
1221
Restaurants and Caffees
500
The Company Statement
November 21, 2022

Costa Coffee, the UK’s largest coffee chain, has pulled out of Russia after less than two years in the country. The company, which is owned by Whitbread, said it had made the “difficult decision” to exit the Russian market due to the “challenging economic environment”.

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