Business
A refined retail strategy drives Bad Ass Coffee’s 1H 2023 revenue growth
Bad Ass Coffee of Hawaii reports on its mid-year performance, noting 19 new franchise signings and a 23% year-over-year increase in systemwide sales (year-to-date June 2023).
Buds to bolster the demand for flavoured tea
Sales of flavoured teas – both Camellia sinensis and botanical/herbal-based – are booming as the variety of offerings seems endless, which caters to consumers ever-changing palates. Couple that with the numerous functional, health, medical benefits, and the result is a category with continued strong global growth potential. By Divakar Kolhe
There’s still time to enter the Gold Medal Tea & Tea Sustainability Awards Competitions
The 12th Annual North American Tea Conference (NATC) will be held in Miami, Florida, 4-6 October at the Kimpton Epic Hotel.
Fairtrade raises coffee price minimum
In an effort to strengthen protections for coffee farmers around the world amid the intensifying impacts of climate change and growing global economic volatility, Fairtrade increases its minimum price for coffee.
Dualit introduces two new flavours to its recyclable coffee pod portfolio
British artisan coffee roaster, Dualit, is introducing a new range of flavoured aluminium coffee pods into its beverage range.
Lavazza expands its partnership with the James Beard Foundation
Lavazza steps up its sponsorship of the James Beard Foundation with the addition of the ‘Platform’, a new event space and educational hub. By Aubrye McDonagh Leigh
Bühler and IKAWA partner to innovate in the coffee roasting space
British coffee roaster creator, IKAWA, and Swiss technology group, Bühler, have begun a partnership focused on innovation in the gap between micro and medium- to large-scale coffee roasting.
AVPA launches its 6th Teas of the World International Contest
The Agency for the Valorization of Agricultural Products (AVPA) has launched its 6th Teas of the World International Contest.
Starbucks builds on its US military community support
Starbucks Corporation is strengthening its support for the US military community, including partners (employees) and their families through expanded career development, mental health, and hiring initiatives.
ICO reports coffee prices recover in July after first falling
For the I-CIP and Arabicas prices, July was a month of two halves: losses followed by recoveries, while Robustas once again performed the best, recording a small decline.
Should workers fear the use of AI?
Despite the ongoing debate around the rapidly increasing abilities and use of artificial intelligence, new research finds that most people are not convinced that technology is going to replace them in the workplace.
JDE Peet’s Q2 2023 sales rise 2.4% to EUR €3.988M
JDE Peet’s reported that Q2 2023 In-Home sales grew organically by 2.2% and in Away-from-Home by 9.0%; transitions from international brands to local brands in Russia.
Starbucks Q3 2023 net revenues rise 12% to USD $12 billion
Starbucks’ Q3 consolidated net revenues grew 12% to USD $9.2 billion with Q3 international comparable-store sales rising 24% thanks to a 46% surge in comp-store sales in China.
Traditional Medicinals Goodwill Ambassador honoured by United Nations Global Peace Council
Nioma Narissa Sadler received recognition from the UN Global Peace Council and an Honorary Doctorate from The United States International University for her founding of nonprofit WomenServe, which supports the wellbeing of women and girls in India.