Friday 18 October 2024
MILAN - Today, Nestlé reported lower sales, missing analysts' forecasts, and cut its full-year guidance again. The Swiss giant published its nine-month results this morning. Between January and September, sales fell by 2.4% year-on-year to CHF 67.1 billion. Organic growth was 2%, while real internal growth (RIG) was 0.5%. The impact of currency and divestments was -4.1% and -0.3% respectively. Pricing was 1.6%, reducing following “unprecedented increases in the prior two years.” Analysts had forecast organic and RIG growth of +2.4% and...

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Yum China applauds Lavazza Ambassador Jannik Sinner’s win at the Rolex Shanghai Masters

SHANGHAI, China – Yum China Holdings, Inc. is thrilled to celebrate the victory of Jannik Sinner, global ambassador for Lavazza, at the Rolex Shanghai...

Black Rock Coffee Bar celebrates milestone with Grand Opening of 20th Houston metro area store

SCOTTSDALE, AZ, USA – Black Rock Coffee Bar, known for its premium roasted coffees, teas, smoothies and flavorful Fuel energy drinks, is thrilled to...
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Civilized Coffee launches new Line of Instant Mochas, just in time for the holidays

SEQUIM, Wash., USA — Civilized Coffee, known for its commitment to high-quality instant coffee, teas and baking ingredients, is thrilled to announce the launch...

SPX FLOW partners with HÆRFEST Coffee Roasting, fostering inclusion and empowerment

CHARLOTTE, N.C., USA – SPX FLOW is pleased to announce a partnership with HÆRFEST Coffee Roasting Co. to supply its company marketplace and catered...
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Water drinkers’ love for bottled water is stronger than ever, survey finds

ALEXANDRIA, VA, USA – The vast majority (88%) of Americans say they consume bottled water, according to a new national survey of more than...

Voyage Foods adds massive manufacturing plant for cocoa-free chocolate and nut-free spreads

OAKLAND, Calif., USA – Voyage Foods, the food innovation company that combines breakthrough technology and wholesome ingredients to secure the future of our favorite...

Triestespresso Expo 2024: the global coffee-only hub returns to Trieste from October 24 to 26

TRIESTE, Italy - From October 24 to 26, Trieste’s Generali Convention Center will host the Triestespresso Expo 2024, drawing coffee professionals and enthusiasts from...

Starbucks acquires 23.5 Degrees, its largest licensed business partner in the UK

SEATTLE, USA – Starbucks Coffee Company announced Monday it has acquired 23.5 Degrees in the U.K., further expanding its portfolio of company-operated stores and...

Australia’s RTD specialty coffee brand Hunt And Brew launches in the UK market

LONDON, UK – Australia's popular ready-to-drink (RTD) specialty coffee brand Hunt And Brew is launching in the United Kingdom's largest supermarket chain, Tesco. Entering...

That’s Turkey Espresso: Reynolds’ Thanksgiving turkey recipe is based this year on an iconic cocktail

LAKE FOREST, Ill., USA – Cocktail trends come and go, but none have reached a level of cultural ubiquity as the espresso martini: this...

TV host and designer Sabrina Soto teams up with Don Francisco’s Coffee for flavorful coffee creations

LOS ANGELES, USA – With the change of seasons, it's the perfect time to refresh coffee routines: Lifestyle expert and designer Sabrina Soto—known for...

Chobani announces pricing of its upsized $650 million private offering of Senior PIK Toggle Notes

NEW BERLIN, N.Y., USA – Chobani, LLC, a next-generation food and beverage company yesterday announced the pricing and upsize of the previously announced private...

Sphera Franchise Group expands its portfolio with Cioccolatitaliani brand

BUCHAREST, Romania – Sphera Franchise Group, the largest foodservice operator in Romania, expands its portfolio by adding the Italian franchise Cioccolatitaliani*, part of Gioia...

Coffee futures rally on technical reasons, pessimistic estimates on Vietnam’s new crop in 2024/25

MILAN — Coffee futures started the week with a bang. Yesterday, Monday 14th October, the Ice Arabica contract for December delivery gained 1,000 points...

It’s electric: understanding, and reducing, static electricity of coffee during grinding

Drs. Joshua Méndez Harper and Christopher H. Hendon discuss the chemistry and physics behind the electrification of coffee during grinding, its effect on extraction, and strategies to...

Shanghai Hi-dolphin COFE+ Robot Café achieved 4 rounds of financing within one week

SHANGHAI, China – Recently, Shanghai Hi-dolphin COFE+ Robot Café, successfully completed 4 financing rounds, quickly becoming a new popular investment spot. Investors include renowned...

Eva publishes its Manifesto for 2024-2029 “Enhancing the European dimension of vending & coffee service”

BRUSSELS, Belgium – EVA, the European Vending & Coffee Service Association, has published its Manifesto for 2024-2029 entitled, ‘Enhancing the European dimension of vending...

IFAD and Japan partner with the private sector to boost small-scale coffee producers in Tanzania

TOKYO, Japan – The UN’s International Fund for Agricultural Development (IFAD), the Ministry of Agriculture, Forestry and Fisheries of Japan (MAFF) and two of...

Coffee Alliance for Excellence caps seven years of impact in Peru with international recognition

LIMA, Peru – As it concludes seven years of implementation in Peru, the Coffee Alliance for Excellence (CAFE) has received recognition from two prestigious...

CUCKOO launches new innovative 3-in-1 K-Cup Single Serve Coffee Maker

CERRITOS, Calif., USA – CUCKOO, renowned for its innovative kitchen and home appliances, is making waves in the North American coffee scene with the...

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Pintail Coffee earns the prestigious 2024 Minority & Women’s Business Award

FARMINGDALE, N.Y., USA – Pintail Coffee, a leading supplier of high-quality specialty coffee that donates 100 percent of its profits to local hunger-relief organizations, has been honored with The...

illycaffè introduces Instant Latte Selection in S. Korea

SEOUL, South Korea – illycaffè, the global leader in sustainable, high-quality coffee, proudly announces the exclusive launch of two new products in its Instant...

Matto Espresso opens new cart at Brooklyn College

BROOKLYN, N.Y., USA – Matto Espresso, the premier specialty coffee brand known for its innovative approach to quality and accessibility, is thrilled to announce...

PrinceNanaCoffee.com announces partnership with ShopAEW to provide coffee-themed merchandise at All Elite Wrestling (AEW)

BROOKLYN, N.Y., USA — PrinceNanaCoffee.com, an online coffee retailer offering a variety of fresh, premium-roasted coffee beans has continued to enjoy massive acclaim from...

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