Business intelligence for the HORECA, OCS & Vending markets
Mumbai hosts the India’s international trade, the event (20-22 October) is dedicated to the tea and coffee sector. The Tea-Board of India has collaborated with World Tea and Coffee Expo (WTCE) that provides platform for micro, small, and medium-sized businesses, tea/coffee farmers (growers/sellers), manufacturers/retailers of any equipment involved with the HoReCa sector. The Expo is organized by Sentinel Exhibitions Asia P Ltd [SEA], a part of
PJ’s coffee of New Orleans aims to extend business overseas with the opening of their first store at Vietnam’s Ho Chi Minh city at Vincom B centre shopping mall (Dailyjournal.net). The company even plans to further extend the operation by opening another store in Vietnam by this December and ten more at different international locations in the next five years. Originally the
The Glasgow-based roasting company has been sold to one of the largest volume coffee roasting and retailing companies in the world, Germany’s Tchibo, a family owned German food business (Daily Coffee News). Although the net-value of the deal is not made public, it is likely to be worth tens of millions of pounds (heraldscotland.com) who are making estimate looking at Govan-based
In an effort to fight waste and make better example for environmental friendly steps, the city of Hamburg has announced an all-out ban in the state-run buildings on pod coffee (independent.co.uk). According to Jan Dube, spokesman of the Hamburg Department of the Environment and Energy, the capsules cannot be easily recycled because of the complexity of the packaging which consists
Encouraged by the successful trial in Vienna, Nestlé launches its first Café Nespresso in the City of London. Nestle plans to open five to six more cafes in future across London, beginning with the first British coffee shop on 100 Cheapside in a development being built by Quadrant Estates as stated by The Times. The concept will go towards other UK
The world sixth largest coffee producer, India, depends on its Southern State of Karnataka for around 70% of the country’s total coffee yield. But the severe weather conditions, with high temperatures and low rainfalls hitting the coffee plants at the important flowering stages, are to impact the fruit formation badly hence affecting the overall expected yield; reported Reuters India. The state-run
The extreme weather conditions have been holding tightly the Vietnam’s Central Highland coffee belt. This is the worst drought in 30 years. According to the Vietnam’s National Center for Hydro-Meteorological Forecasting, the temperatures are expected to be 0.5 to 1 degree Celsius higher than usual. The 599 reservoirs used for irrigation in Dak Lak province are up to 20% non-functional
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]
Previously the coffee demand in Indian market used to be limited to instant coffee and ready ground filter coffee which is now diversifying into more innovative coffee varieties. This in turn is showing, the automatic and semi-automatic machines that are capable of brewing Italian coffee, their way into the Indian market.
As the India Coffee Shops & Cafe Market Forecast & Opportunities report, coffee market and café culture is expected to grow to a one billion Rupee value by 2017, that’s more than 14 million USD. The growth is quite evident as the outlets of various coffee chains can be seen popping up. Among the most popular coffee chains are the Café Coffee Day and Barista. [Sign in to continue]
Starbucks is preparing to invest in sustainable methods to support coffee production in the future, looking towards the investors. It has been reported that it’s the first time Starbucks is issuing $500 million U.S. corporate sustainability bond (Fortune, Bloomberg). The earnings from the sale of ten-year senior notes are expected to be $495.6 million (Fortune) and will fund the Eco-friendly