In May, new CBI member Whitbread released its annual report and accounts for 2013/14, reporting a strong expansion by Costa in China, where it operates two joint ventures.
During the year, Costa opened 73 new stores in China, taking its total number of stores to 326 in 30 cities.
Costa has targeted around £2 billion of system sales by 2018, up from the £1.2 billion of system sales last year. This will see Costa reach more than 2,200 UK stores by 2018 at the same time as growing its franchise and equity business internationally, with particular focus on extending its footprint in China.
Costa plans to open a further 400 stores in China by 2018.
Please click here to read the full annual report and accounts by Whitbread.