Investor Relations

Global Ventures (GV)

Global Ventures (GV)

We created a new operating segment to house the acquisition of Costa Ltd. (closed in January 2019), as well as other brands, acquisitions and investments we feel we can scale globally. Global Ventures includes Costa coffee, Monster beverages, innocent juices and smoothies, and dogadan tea. In terms of revenue, the majority of Global Ventures consists of Costa coffee followed by innocent. Together they are ~90% of total Global Ventures revenue.

Business Model Economics
Costa Coffee Retail, Food Service and RTD Full P&L
Monster Distribution Coordination Agreements Fees
Innocent Finished Goods, Juices & Smoothies Full P&L
Doga NRTD Tea Full P&L

2021 Highlights

  • Celebrated 50 years of Costa and were crowned the UK’s favorite coffee shop for the 11th consecutive year.
  • Costa overtook key competitor to become the market leader in China.
  • Continued expansion of Costa Express machines across UK and Asia drove sales growth of high single digits for 2021.
  • Successful expansion of innocent into Asia pushed annual retail sales over $1 billion for the first time.
  • Dogadan navigated challenging market conditions by pivoting its portfolio strategy, including brand innovation and geographic diversity, using RGM capabilities to offset inflationary and currency pressures.
  • Monster continues to perform well, launching multiple international innovations such as Monster Super Fuel Mean Green, Watermelon, and Subzero.