“Wagamama owner interested in buying Costa Coffee”

Investor Apollo Global Management, which owns restaurant chain Wagamama, is reportedly considering a bid for coffee chain Costa. The latter is currently owned by The Coca‑Cola Company, but is reportedly up for sale.

Exploration

Coca‑Cola is “exploring strategic options” for Costa, including a possible sale: investment bank Lazard is reviewing various scenarios. According to internal sources, confidential discussions are ongoing with candidates (including Apollo) – but these do not necessarily have to result in a binding offer, British media report.