Market analyses and reports on the coffee and coffee machine markets
Opposed to what looked like hurtful media campaign against the brand’s announcement of hiring refugees, hasn’t done any practical damage – says Starbucks in a letter that shows market research from Kantar Millward Brown, firm that has been providing Brand Equity measurement for Starbucks since 2013 (Reuters and Fortune.com). As the coffee giant made the promise to hire 10,000 refugees
According to Daily Coffee News , the first ever World Coffee Science Summit will be taking place on May 30 to June 2, 2017. The summit which will take place in San Salvador, El Salvador, will focus on science related issues that affect the sustainability of the coffee sector in the long term. It will specifically relate to coffee production and growth.
According to ICO , market weakens further due to high exports and increasing inventory levels. In March 2017, the ICO composite indicator price fell slightly. While Robustas remained broadly stable, Arabica prices were under pressure. The monthly average of the composite indicator was down by 2.6% to 134.07 US cents/lb in March from 137.68 US cents/lb recorded in February. The
Carlyle Group and TPG Capital are the two giant American private equity firms interested in making a deal for Java House; a deal estimated to be worth some $100 million, as reported by forbes.com. Java House is an East African coffee chain founded by two Americans; Kevin Ashley and John Wagner in 1999. According to businessdailyafrica.com from a single shop offering
In February 2017, Brazilian president Michel Temer suspended the plans of local coffee processors to import Robusta from Vietnam. Brazilian farmers have already been protesting against the idea. President Temer’s decision has temporarily put a stop to the dispute between the growers and processors of the country, reports Bloomberg.com. This attempt by the world’s biggest coffee grower to import green
The International Coffee Council met in London at the headquarters of the International Coffee Organization from 13 to 17 March 2017 and decided by consensus to appoint Mr José Dauster Sette as Executive Director of the International Coffee Organization for a five-year term.
Climate change has been a great threat to coffee production in the world recently. So Nicaragua is changing its coffee production , it is investing in a disease-resistant variety of coffee to protect its export, reports Manila Bulletin. Coffee is one of Nicaragua’s key export crop. The disease resistant robusta coffee, from the Coffea canephora plant, has been authorized by the
As Starbucks two-times CEO Howard Schultz plans to step down from his position this year, the company keeps on looking for new faces to be recruited for board seats. In the middle of January 2017 the company announced it had considered Microsoft chief executive Satya Nadella as one of Starbucks’ board members as reported by Fortune.com. To Starbucks, Nadella can
In a press release on March 2, 2017, Swedish company, Electrolux acquires Grindmaster-Cecilware, a US-based equipment manufacturer which also manufactures coffee machines, according to Daily Coffee News According to the press release, the US-based brewing and commercial coffee grinding manufacturer was acquired for $108 million paid in cash. The acquisition will open and accelerate Electrolux’s growth and increase its access
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