Insider Business Costa Coffee ready-to-drink comes to Cyprus

Costa Coffee ready-to-drink comes to Cyprus

Coca‑Cola HBC Cyprus is to launch Costa Coffee ready-to-drink on the island just after Easter, informed sources told Insider.

Ready to drink coffee is a highly competitive market in Cyprus but with significant room for expansion, a source also said but refused to clarify the exact products to be launched.

The acquisition of Costa Coffee by the Coca Cola Co took place in 2019. Coca‑Cola HBC is a strategic partner of The Coca‑Cola Company with a broad geographic footprint with operations in 28 countries, including Cyprus.

It had controlled Coca Cola Cyprus’ initial owners, Lanitis Bros, for years and recently renamed it to Coca-Cola HBC Cyprus.

Cyprus’ main players in the market of ready-to-drink coffee today are: Mr Brown’s Ready-Made Coffee of L. Zotiades Trading & Consulting, Laiko Cosmos Trading’s Pokka Coffee, Starbucks products distributed by IPH Foodstuff Suppliers Ltd, El Café ready to drink coffee, also distributed by Laiko Cosmos Trading and Emmi coffee distributed by Sure Food Ltd.

The Greek group which recently presented its financial results, noted that “we are well ahead with preparations for the launch of Costa Coffee ready-to-drink in the second quarter of this year. We plan to market the product in a variety of types, starting with at least 10 of our markets in 2020 and eventually covering all of our markets within the next three years.”

The report also said: “The Cypriot market is obviously one of the 10 markets in which these products will be launched first.”

In 2019, the Group recorded sales of €2,517.6 million in developed markets in which it operates, compared to €2,470.1 million in 2018. In Cyprus, sales volume decreased by -1% in 2019 compared to the previous year.

The report also said that, for 2020, the company expects continued volume of growth in developed and emerging markets, along with a slightly better performance – something that also applies to Cyprus.

By Marios Roussos

Read more:

https://in-cyprus.com/eu-commission-approves-acquisition-of-costa-coffee-by-coca-cola/

 

 

 

Top Stories

‘Sailors do not need to die,’ warns captain of coronavirus-hit U.S. aircraft carrier

The captain of the U.S. aircraft carrier Theodore Roosevelt, in a blunt letter, has called on Navy leadership for stronger measures to save the...

Seven fined €150 to €450 for breaking Covid-19 decree

Famagusta district court on Tuesday handed down fines of between €150 and €450 to seven individuals for violating decrees to contain the spread of...

CBC calls for swift credit to “avoid credit crunch” due to Covid-19

The Central Bank of Cyprus in a circular issued on Tuesday called on Cypriot banks to provide swift credit to companies, self-employed persons and...

First batch of China-donated supplies arrives in Cyprus

Ambassador of China to Cyprus Huang Xingyuan has announced the arrival of the first batch of China-donated medical supplies to Cyprus. Huang Xingyuan said in...

Cyprus embassy in Madrid in contact with 30 Cypriots living in Spain

The Embassy of Cyprus in Madrid is in contact with around 30 Cypriots in Spain, mainly students as well as their families in Cyprus,...

Taste

Village olive pie

Mix the yeast with the lukewarm water and put it aside for about 12-15 minutes to settle.  Sift the flour with the salt into...

Skordalia (Garlic paste)

Rinse the potatoes and place, unpeeled, in a saucepan. Cover with water, add salt and allow to simmer for 20-30 minutes until soft. Drain,...

Village salad

A must-have with every meal is a village salad. You will find it in every tavern or greek restaurant you visit in Cyprus. Make...

Courgettes with eggs

Heat the oil in a frying pan and fry the courgettes at a medium heat until they soften. Add salt and add the eggs....