What’s driving coffee market consolidation?
Over the past decade, the coffee industry has witnessed some of the largest acquisitions in history. Image: bnenin/stock.adobe.com.The coffee industry has witnessed record-breaking acquisitions over the past decade, with several deals exceeding the billion-dollar mark. What’s driving these mergers, and will continued market volatility see further consolidation in the coffee sector? When Coca-Cola purchased European café group Costa Coffee in 2018 for US$5.1 billion, the then record-breaking acquisition was in the media
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