Market analyses and reports on the coffee and coffee machine markets
The Farmer Brothers, a Texas-based coffee roaster, distributor and wholesaler has taken over West Coast Coffee Company, reports Daily Coffee News. They acquired it for $13.5 million including a possible $1 million that depends on the company’s future performance. According to the news report, West Coast Coffee will be a subsidiary of Farmer Brothers carrying out its direct store delivery
Starbucks new growth plans include increasing the number of its new upscale cafes around the world as reported by businessinsider.com. Starbucks’ new Reserve stores aim to capture the feeling of the Roastery and they will offer Princi’s food. Starbucks hasn’t revealed exactly what Princi items will be available at Reserve stores, but they have promised that pizza, sandwiches, and spirits will be
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
The increase in prices of coffee to nearly one third brought about a rise in the value of Kenyan coffee to up to 69% in the first three months before December 2016. This increase in earnings was explained by an upsurge in direct export sales and an improved productivity. Earnings between October and December saw an increase from Sh2.6 billion compared
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
Daniel Humphries, a specialty coffee consultant and professional will be spearheading the “Coffee and Mind”, an experiential coffee event that will take place in Manila, Philippines. The event will take place on Saturday, January 28, 2017 is out to explore coffee flavor in relationship with language and coffee tasting perception. The event will take place in Mandaluyong, in the Mozaic
According to Globes , Strauss Coffee, a global company based in Israel, is planning to acquire Norddeutsche Kaffeewerke GmbH, a German coffee producer located near Hamburg. Prior to that, in 2012, the Israeli company made an agreement with the producer. Norddeutsche Kaffeewerke has been producing freeze-dried instant coffee that is delivered by Strauss Coffee’s subsidiary to Russia and other countries in CIS. According to
The Executive Director of the International Coffee Organization, ICO, Mr Robério Oliveira Silva passed away on December 30, 2016. He died at the age of 53 and has been the head of the organization since 2011. He has been in support of the need to give increased support to small-holder coffee farmers through shared value among supply chains. The ICO made
Madcap Coffee, the Michigan based coffee roasting company has opened its second retail location with the open-concept round bar in the Grand Rapids Downtown Market , report Daily Coffee News. While talking to Daily Coffee News, the CEO of Madcap, Trevor Corlett said Madcap will continue to build retail spaces that will be attached to its production roastery. He said
On December 1, 2016, Starbucks announced its new CEO, Kevin Johnson, who was before his appointment its chief operating officer. The new CEO who has also been on the Starbucks Board of Directors for 7 years, will take his responsibilities as president and chief executive officer on April 3, 2017. Howard Shultz, who is the present CEO will see his