Business intelligence for the HORECA, OCS & Vending markets
Cherie LLC, a Georgian coffee production company, is planning to deliver its coffee to Russian and Kazakhstan markets. According to Cherie CEO Irakli Lomtatidze, the company has been considering expansion to new markets for some time now. At the moment, the meetings with distributors are held. The plan is to send the first shipments to Russia and Kazakhstan in September.
According to the annual report filed in May, to the South Korea’s Financial Supervisory Service, Caffebene generated $97million revenue in 2015. That’s a loss by far margin when compared to the revenue figure Caffebene generated a year earlier $122.5 million. Even in 2014 the company faced loss of $7.1million. According to the latest quarterly report ending Mar 31, Caffebene generated $15.6 million in sales, down from $23.7 million that the company generated in the same period a year ago [Sign in to continue]