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Sergio Costa (businessman)

British businessman (1949–2022) From Wikipedia, the free encyclopedia

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Sergio Costa (23 April 1949 – 24 March 2022) was an Italian-born British businessman. In 1971, he founded the coffeeshop chain Costa Coffee with his brother Bruno.

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Career

In 1959, Oreste Costa and his family moved from Borgo Val di Taro, Italy to Britain, and brought a traditional coffee bean drum roaster with them.[1]

In 1971, Sergio and his brother Bruno opened a small coffee roastery in London's Fenchurch Street, supplying coffee shops and specialist retailers.[2] In 1978, they built a much larger roastery on Old Paradise Street, Lambeth, where they remained until 2017.[2]

In 1981, they opened their first Costa Coffee shop in London's Vauxhall Bridge Road.[2] By 1995, the chain had grown to 41 UK coffee shops, and was acquired by Whitbread. In 2019, The Coca-Cola Company bought the company for US$4.9 billion, and as of 2023, there are 3,401 coffee shops in 31 countries.

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Personal life and death

He was married to Iolande Bertorelli, and they had three children, Monica, Marco and Tania, who have all been involved in the coffee business.[1]

He died at his home in Monte Carlo, Monaco on 24 March 2022, aged 72.[3]

References

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