Business intelligence for the HORECA, OCS & Vending markets
Gloria Jean’s has announced its plans for expansion in year 2017 according to prweb.com and restaurantnews.com. The company’s plan mainly includes franchise focused expansion. Brian Balconi, President of Retail Food Group USA, parent company of Gloria Jean’s Coffees explains it saying “Here in the U.S., you can’t own your own Starbucks franchise, but you can fulfill the dream of owning
Congolese coffee beans are attracting the Specialty Coffee sector’s attention as reported by thelocalafricanews.com. As the specialty coffee sector sees growth, exporters, retailers and roasters keep looking for new grounds in hope to discover ever better tasting coffee beans. But discovering newer grounds also mean taking risks of entering world regions that have been politically unstable for several years now and
Starbucks Corporation’s financial results for its 13-week fiscal first quarter that ended on January 1, 2017, were announced 26th January 2017 by various sources like nasdaq.com, wallstanalyst.com and cnbc.com. Starbucks’ combined revenues showed a 7% growth with a $5.7 billion net amount as compared to the last year. Main increase in revenue came from the overall 2,163 newly opened stores
According to a recent post published by fortune.com coffee price is going up 6% on brands like Folgers and Dunkin Donuts. The reason cited behind the price hike of packaged coffee sold in the US by The J.M. Smucker Co, is the increase in the prices of green coffee. Arabica coffee futures were hitting their highest in a period of
California-based coffee company, Peet’s Coffee, plans to keep up with better service provision. The company has decided to invest $58million into an East Coast manufacturing facility. Peet’s is planning to build a 175,000-square-foot roastery in Suffolk, Virginia , as reported by Fortune. The company wants to make sure their coffee, when sold to the customers, is fresher than ever. With
Following a continued series of theft cases, Kenyan farmers have started to wonder if they should continue with what used to be their “life-line”: growing coffee, as reported by theguardian. News sources have traced theft cases back to 2010, and they have continued over the following six years to present day. (businessdailyafrica). It’s not just a matter of the coffee, even
In one of his interviews, Philz Coffee CEO Jacob Jaber said that the company is planning a systematic expansion outside of San Francisco Bay area, as reported by Forbes.com. The company is working with a private equity firm TPG and has raised $45 million so far. The CEO refused to disclose any valuation made for his San Francisco-based family business.
Some very old coffee beans that have been stockpiled, when the market plunged in 2013, are coming out now. The old stored beans reportedly belong to Arabica variety. Since Arabica is valued higher than the Robusta coffee beans due to its quality, the drop in prices since the stock is so old stored, have attracted large number of buyers who
Dunkin’ Donuts has decided to add a new cold brew on its menu ( boston.com, businessinsider and fortune ). The chain is partnering with Coca-Cola for its first attempt to launch a new product in ready-to-drink coffee market in the US. The official launch is expected early in 2017. Manufactured, distributed and sold by Coca-Cola, Dunkin’ Donuts’ iced coffee will be made available
The International Coffee and Tea Festival will be held in Dubai, UAE starting 2nd Nov, 2016 and will come to an end on 4th November. This exhibition is the only of its kind in meeting international standards in the region. With the booming Middle Eastern coffee market, this event has proved to be very significant to the coffee industry, enabling investors and