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
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
After President Trump’s temporary travel ban and suspension of America’ s refugee program, Starbucks CEO Howard Schultz announced he would hire 10,000 refugees over the next five years. According to ansa.it , Schultz said that recruitment would cover shops around the world, beginning with the United States, where priority will be given to immigrants “who served with US forces as interpreters or support
California-based coffee company, Peet’s Coffee, plans to keep up with better service provision. The company has decided to invest $58million into an East Coast manufacturing facility. Peet’s is planning to build a 175,000-square-foot roastery in Suffolk, Virginia , as reported by Fortune. The company wants to make sure their coffee, when sold to the customers, is fresher than ever. With
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 17 Russian restaurant chain Coffeemania opened its first restaurant in New York City. The restaurant is located in Bryant Park, one of the busiest Manhattan districts, and can host up to 105 guests. The design was created by a French company GBRH Design. Titus Wang became the chef in this new place. He created a menu that combines
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
In one of his interviews, Philz Coffee CEO Jacob Jaber said that the company is planning a systematic expansion outside of San Francisco Bay area, as reported by Forbes.com. The company is working with a private equity firm TPG and has raised $45 million so far. The CEO refused to disclose any valuation made for his San Francisco-based family business.