Market analyses and reports on the coffee and coffee machine markets
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
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
Olam International’s two coffee plantations in Africa have recieved Rainforest Alliance Certification as well as UTZ Certification for their 2500 hectares of Arabica plantations according to dailynews.co.tz and foodbusinessafrica.com. These aren’t Olam’s only plantations in world. It’ s one of the world’s largest coffee suppliers that has coffee plantations in Africa, Asia and South America. Their other green coffee sources
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
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 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
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