Market analyses and reports on the coffee and coffee machine markets
On Wednesday 13th July, Starbucks Corporation announced a financial investment and global licensing deal with Princi, the renowned Italian boutique bakery and café. Starbucks, Milan-based Angel Lab and Pekepan Investments, will focus on expanding the number of standalone Princi locations worldwide. In 2017 the corporation will open the first store in Seattle, and then they will open in Shanghai and
French consortium Groupe SEB has recently announced the signature of an agreement with KKR. According to this agreement, Groupe SEB acquires WMF, a German group producing coffee machines and cookware. Thus the company has affiliated another old and famous brand to its list of iconic names (together with Schaerer, Silit, Kaiser and HEPP, among other). According to the press release
Looking at per capita coffee consumption, five to six cups per person per year, in a so highly populated nation like China, seems to promise for future growth as there has been a double digit rise in coffee production and consumption in the past few years.
Extracted from the monthly export and import data of the last 20 years, ICO estimated that for past ten years, every year there has been an average of 16% coffee consumption growth. [Sign in to continue]
SHANGHAI – Hotelex, one of most important and largest trade show, has made its début at Shanghai New International Expo Center (SNIEC) today and it will end on April 1st, 2016. During the exhibition, the World Coffee Events (WCE) has organized six events, such as the World Latte Art Championship, World Cup Taster Championship, World Coffee Roasting Championship and World Coffee in Good
GEISLINGEN AN DER STEIGE – The German coffee machine maker WMF (Wuerttembergische Metallwarenfabrik) is about to be sold by Kohlberg Kravis Roberts & Co. that acquired the company in 2012 with a deal of €587 million. The private equity company later bought the remaining shares as well. Working with City and Deutsche Bank, KKR is now welcoming proposals from contesting potential buyers on the sale of WMF. The huge deal is expected
CHINA – Starbucks expects to open 2,500 new stores over the next five years, as part of an expansion which will eventually see China become the company’s biggest market. Even if Chinese GDP growth falls below 7% and the market sentiment has turned hostile, the Chinese consumers demanding of high quality products has not changed. According to Financial Review, given coffee is the ultimate
CHINA – The number of Western-style cafés on the main streets of Chengdu in central China is increasing on a seemingly daily basis, just as it is in major cities across the country, where both foreign and local coffee shops are fiercely competing in the race to open new outlets, Nikkei Asian Reviews reported. The effect of changing tastes by Chinese people means that
The economy of China continues to grow and the pool of consumers with disposable income expands and private investment has also heavily increased in some provinces, like the Yunnan, where some 95 percent of Chinese coffee is grown [Sign in to continue]