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Story summary
- Coca-Cola has halted plans to sell Costa Coffee after private equity bids fell short of Coca-Cola's £2 billion price target.
- Negotiations spanned months, with bids from TDR Capital and Bain Capital failing to meet that £2 billion target.
- Costa reported a £13.5 million operating loss on £1.2 billion of revenue in 2024, driven by rising costs and competition, and James Quincey, CEO of Coca-Cola, will transition to executive chair.
