LONDON, Nov 18 (Reuters) - British retailer Marks & Spencer
has struck a deal to sell some of its food products in
Costa Coffee outlets, the companies said on Thursday.
They said that from spring next year over 30 M&S food
products, including sandwiches and salads, will be available in
over 2,500 Costa Coffee stores across the United Kingdom as well
as via drive-thru lanes.
Costa, owned by Coca-Cola Co, is Britain's largest
chain of coffee shops.
M&S said the move supported its strategy to make the
retailer "more relevant, more often for families".
Last week, M&S beat forecasts for first-half profit and
upgraded its earnings outlook for the second time this year,
sending its stock soaring on bets that one of Britain's most
elusive turnarounds could finally materialise.
Shares in M&S were up 2.1% at 0954 GMT, extending 2021 gains
to 71%.
(Reporting by James Davey, editing by Estelle Shirbon)
Marks & Spencer (MKS)