Nestlé has announced it is investing US$154 million in a new coffee factory in Veracruz, Mexico.
Peet’s Coffee has acquired a majority stake in Revive Kombucha, a craft brewery based in Petaluma, California. Terms of the transaction were not disclosed.
The monthly average of the International Coffee Organization (ICO) composite indicator decreased by 1.5%, to 109.59 US cents/lb in November 2018 following the 13.3% increase to 111.21 US cents/lb last month, reflecting the fall in prices for all group indicators.
It’s no surprise to anyone in the tea industry that the ready-to-drink tea (RTD) tea market is surging in the United States and Asia Pacific excluding Japan (APEJ).
Rokit Pods has redesigned its packaging for a more striking and contemporary feel, following its successful launch of Nespresso-compatible coffee and tea pods in the UK in 2017.
Schuil Coffee, the Grand Rapids, Michigan-based specialty coffee roaster and distributor has acquired The Sparrows Coffee wholesale business.
The Tea Spot has moved from Boulder, Colorado to a new facility and headquarters at the Colorado Tech Center in Louisville, Colo.
The International Coffee Organization announced that total coffee exports increased each year since 2010-11 with a new record reached in 2017-18 at 121.86 million bags, 2% higher than 2016-17.
I’m not really a ready-to-drink consumer, either tea or coffee, but apparently, I’m in the minority.
With the goal of driving sustained, long-term and profitable growth in EMEA (Europe, Middle East and Africa) through strategic licensed partnerships, Starbucks intends to restructure its back-office support functions.