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Closing: Lagardere Acquisition of Costa Coffee Shops in Poland and Latvia Now Closed

Closing: Lagardere Acquisition of Costa Coffee Shops in Poland and Latvia Now Closed

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On March 8, 2023, Eversheds Sutherland announced that Lagardere’s acquisition of the Costa Coffee Group’s Polish and Latvian subsidiaries (reported by CEE Legal Matters on October 7, 2021) had closed.

Eversheds Sutherland advised the Costa Coffee Group on the sale and reported that "the transaction included coffee shops located in Poland and located in Latvia, and involved a number of spin-offs and demergers of assets excluded from the transaction."

As originally reported, Moskwa Jarmul Haladyj i Partnerzy advised Lagardere Travel Retail on its acquisition of the companies operating coffee shops under the Costa Coffee brand in Poland and Latvia from Costa Coffee.

Costa Coffee was founded in London by Italian brothers Sergio and Bruno Costa, in 1971. It now operates in 41 countries worldwide and has over 2,700 coffee shops in the UK and 1,100 in other countries.

Lagardere Travel Retail manages 4,800 stores across three business lines – travel essentials, duty-free & fashion, and food service – specifically in airports and railroad stations in nearly forty countries.

The Eversheds Sutherland team included Poland-based Partners Aleksandra Kunkiel-Krynska, Marta Gadomska-Golab, and Ewa Szlachetka, Counsels Grzegorz Barszcz and Adam Nierzwicki, Senior Associates Maciej Tuszynski, Dariusz Aziewicz, Pawel Lasota, Piotr Lada, and Jowita Prokop, as well as Latvia-based Senior Associate Dmitrijs Nemirovskis.

The MJH team included Partners Pawel Moskwa, Jan Jarmul, and Lukasz Blazejczyk.