CoffeeMarket

Starbucks Appoints First China Growth Officer to Ignite Sales Expansion

7 days ago

In a strategic move aimed at boosting its presence in the Chinese coffee market, Starbucks has appointed its first-ever Chief Growth Officer for China. This decision comes as the company seeks to revitalize its strategy in one of the world’s most promising coffee markets. The new position is focused on enhancing sales and navigating the unique challenges presented by local consumer preferences.

Rising Coffee Prices Prompt Nestlé to Raise Costs and Reduce Package Sizes

1 month ago

In a recent announcement, Nestlé, the world-renowned food and beverage giant, revealed significant changes to its coffee product lineup as raw material costs continue to escalate. The company plans to increase prices on its coffee products while simultaneously reducing the sizes of its coffee packages, seeking to combat the impact of soaring coffee bean prices.

Starbucks Suspends 2025 Financial Guidance Amid Declining Same-Store Sales

2 months ago

Starbucks Corporation has recently made headlines with the announcement of its decision to suspend its financial guidance for the 2025 fiscal year. This development comes in light of disappointing performance in same-store sales, which have dropped significantly compared to projections. The coffee giant reported that its U.S. same-store sales for the fourth quarter fell by 2%, raising concerns among investors about the company’s growth trajectory in a changing retail environment.

JAB Holding Co. Offers $2.16 Billion for Mondelēz's Stake in JDE Peet's

2 months ago

In a significant move within the financial and retail sectors, JAB Holding Company has announced its intention to acquire Mondelēz International Inc.'s stake in JDE Peet's for a staggering $2.16 billion. This acquisition, which involves approximately 52 million shares or about 25% of JDE Peet's, is anticipated to reshape the coffee and consumer goods landscape, bringing these two corporate giants closer under one umbrella.