Yes, Costa Coffee was a bad acquisition by $KO. They are boxed in a corner right now. Even Starbucks seems to be struggling and will be closing stores due to pressures from an activist.
In an inflationary or stagflation environment, people will forgo the cafe environment and just brew coffee at home. The same is happening with restaurants.
Yes, Costa Coffee was a bad acquisition by $KO. They are boxed in a corner right now. Even Starbucks seems to be struggling and will be closing stores due to pressures from an activist.
In an inflationary or stagflation environment, people will forgo the cafe environment and just brew coffee at home. The same is happening with restaurants.