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Tuesday 26 November 2024
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Sugar In The Raw celebrates National Coffee Day with sweet partnerships across NYC

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Sugar In The Raw
Celebrating the sweetest day of the year with 40 premiere coffee partners throughout NYC (picture provided)

BROOKLYN, N.Y., USA – In The Raw, the makers of Sugar In The Raw, has teamed up with 40 premiere coffee partners at over 100 locations throughout NYC to celebrate one of the sweetest and most caffeinated days of the year — National Coffee Day.

In The Raw, with over 50 years of sweetening experience, is excited to launch its inaugural “National Coffee Day” campaign, a tribute to the coffee shops proudly offering those iconic brown packets of Sugar In The Raw and other In The Raw sweeteners.

The campaign kicks off on September 12th with vibrant posters placed across NYC showcasing the participating coffee shops. These posters mention an opportunity to “have your next coffee on In The Raw” via gift cards at each participating coffee shop.

Scan the QR on the poster or visit @InTheRaw on Instagram to learn more. In addition to the giveaway, In The Raw will be sending members of its team to all of the participating shops on National Coffee Day, September 29th, to pick up the tab for a few lucky coffee enthusiasts.

“We’re honored to be one small, sweet part of so many morning coffee routines, from those that start at home to those on-the-go. We’ve long viewed coffee shops and other foodservice operators as the backbone of our business.

In fact, Sugar In The Raw was born from a request for a premium, less refined sugar option from Samuel Brown, beloved owner and operator of Brownies, a vegetarian café in Union Square that was ahead of its time,” said Steven Eisenstadt, CEO of In The Raw.

With over 50 years of success in the sweetener space, In The Raw is eager to shine a light on those that have contributed to their success, the coffee shops and people who trust their products.

Natasha Chen appointed President North America of the Barry Callebaut Group

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Natasha Chen
Natasha Chen (credits: Barry Callebaut)

ZURICH, Switzerland – Natasha Chen has been appointed President North America of the Barry Callebaut Group, effective September 16, 2024. She succeeds Ben De Schryver who has decided to leave the company to pursue other opportunities.

In her new role, Ms. Chen will oversee Barry Callebaut’s North America business across the US, Mexico and Canada. Ms. Chen will be reporting directly to CEO Peter Feld and will also join the company’s Extended Leadership Team.

An American national, Ms. Chen has a strong history of driving growth and providing excellent service to her customers. She brings extensive US and international leadership experience in both B2B and B2C environments.

Most recently, she led the Global Healthcare division at Ecolab, the global B2B sustainability leader specializing in water, hygiene, and infection prevention solutions.

Prior to that, she spent over two decades at consumer goods company Colgate-Palmolive, where she occupied various business management and marketing roles across three regions and different geographies. Ms. Chen holds an MBA from the Johnson Graduate School of Management at Cornell University.

Barry Callebaut Group CEO Peter Feld commented on the appointment of Natasha Chen:

We are delighted to welcome Natasha to Barry Callebaut. She is a skilled international leader with a deep understanding of the North American market, digitalization and sustainability, which will be instrumental for us to create a more impactful service for our North American customers.

With her extensive experience in taking customer focus to the next level and transforming businesses, Natasha will be invaluable as we strive to create the best chocolate solutions and services for our customers.

We would also like to thank Ben for his extraordinary dedication and commitment over the past 25 years, including his three years of service as our Group CFO.

His contributions have significantly shaped our company’s history. We wish him all the best in his future endeavors.

Purdys Chocolatier celebrates International Chocolate Day with the release of less sweet, Vegan Chocolates

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Purdys Chocolatier
Purdys Chocolatier's NEW Vegan Dark Chocolate Collection (Photo: Business Wire)

VANCOUVER, British Columbia, Canada – Canada’s Purdys Chocolatier is celebrating International Chocolate Day with the release of a brand new chocolate box, including 4 never-before-seen flavours. Since 1907, Purdys Chocolatier has been delighting Canadians with delectable chocolate made with premium ingredients.

Beginning today, the Vegan Dark Chocolate Collection are available online and in-shop featuring Vegan Fig, Vegan Raspberry, Vegan Tonka, and Vegan Mango – 4 brand new chocolates that are smooth, and not too sweet.

Introducing the NEW Vegan Dark Chocolate Collection

Indulge in the sublime harmony of this artisanal collection, exquisitely infused with fruity flavours – for those who like their chocolate “less sweet”. Elegantly designed with Purdys purple, gold accents, and a glossy finish, this 16-piece gift box is as luxurious on the outside as it is on the inside. Mildly sweet fruit flavours complement the boldness of the vegan dark chocolate, making each bite of these hand-adorned chocolates a rich and lavish experience.

  • Vegan Fig: Smooth vegan dark chocolate ganache infused with a nutty, touch-of-sweet fig purée, enrobed in velvety vegan dark chocolate with bronze shimmer on top.
  • Vegan Raspberry: Juicy and tart raspberry-infused vegan dark chocolate ganache, enrobed in smooth vegan dark chocolate with a unique, zesty red shimmer on top.
  • Vegan Tonka: Dynamic, sweet, and spicy, Tonka bean has often been described as having notes of vanilla, almond, and clove or cinnamon. Native to South and Central America, Tonka has a warm and smooth flavour profile. This ingredient is blended with vegan dark chocolate ganache and enrobed in vegan dark chocolate with white shimmer on top.
  • Vegan Mango: A velvety mix of tangy mango purée and decadent vegan dark chocolate ganache inside a rich vegan dark chocolate shell topped with gold shimmer.

In addition to the new gift box, Vegan Fig and Vegan Mango will be available to purchase from the chocolate case at all Purdys Chocolatier shops.

Purdys Chocolatier: A Luxurious Gift for Anyone to Indulge In

Available for purchase starting on International Chocolate Day, Friday, September 13th for $35, the Vegan Dark Chocolate Collection will continue to be sold throughout the holiday season making it a thoughtful and elegant gift for anyone in your life – including Purdys Chocolatier fans who look forward to tasting the latest new chocolates each year.

Ice Robusta futures reach new record high closing above the $5k mark for a second day in a row

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ICE coffee arabica robusta futures EUDR Intercontinental Exchangemarkets futures London prices exports CRSP amendments Vietnam NYSE Exchange Arabica Arabica robusta Sucden coffee market
The ICE logo

MILAN – Yesterday, Thursday, 12th September, the Ice Robusta achieved the fourth consecutive day of gains and settled for the second day in a row above the psychological threshold of $5,000. The main contract closed up a further $69 at $5,077, a new record-high for the contract. The intraday high was at $5,115, not far from the all-time high of $5,180 reached on 30th August.

Ice Arabica also closed higher. After Wednesday’s partial setback, the contract for December delivery gained 275 points, ending at a two-week high of 249.40 cents.

Arabica futures continue to suffer from the ongoing lack of rainfall in Brazil.

Forecasters are predicting a return of rain in the third week of September, but this will not be enough to repair the damage caused by months of drought.

Meanwhile, the Brazilian Institute of Geography and Statistics (IBGE), a public body under the Ministry of Economic Planning, has lowered its estimate for the 2024/25 harvest by 1.6%.

Production is now estimated at 59.7 million bags, up 4.8% from 2023/24, due to a 3.6% increase in average yields and a 1.2% increase in productive areas.

The Arabica crop totalled 42 million bags, up 6.5% on the previous year. Robusta production fell 4.4% to 17.7 million bags, reflecting a 3.3% decline in the area under cultivation and a 1.1% decline in average yields.

Conab will release its third official estimate on Thursday 19 September.

Lower exports from Vietnam, down 12.1% in the first eight months of the year, continue to weigh on the Robusta front.

In Indonesia – Asia’s second largest producer of Robusta – stockists are able and willing to hold on to supply if their price expectationsare not met, Reuters reports.

Brazil, along with the US and other countries, has formally asked the European Union to delay the entry into force of the Eudr, scheduled for the end of the year.

One of the panels at the 6th CEO & Global Leaders Forum, held yesterday in London as part of the Ico’s autumn round of meetings, was dedicated to the new EU anti-deforestation legislation.

Moderated by ICO Executive Director Vanúsia Nogueira, the panel featured Eileen Gordon, Executive Director, ECF; Leonard Mizzi, Head of Unit, DG-International Partnerships, European Commission; and Mick Wheeler, Representative, PNG.

The concerns of the Brazilian industry were voiced on this occasion by Marco Matos, Director General of Cecafé. In particular, Matos highlighted the risk of false positives due to the limitations of the technologies used by the EU.

“As previously agreed with the Brazilian delegation in London, I asked the EU representatives that any divergence on these false positives be addressed and debated between governments and at the academic level, taking the burden of uncertainty and risk off the shoulders of the private sector, which is responsible for the flow of the coffee trade,” Matos said.

Melitta become coffee sponsor of the InStyle Wiesn Lounge in the Bayerischer Hof at the Oktoberfest

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Melitta
Melitta logo

MUNICH, Germany – Melitta got its first taste at the Oktoberfest last year at Cathy Hummels’ “Wiesn Bummel”. Melitta will once again be part of the world’s largest folk festival in 2024. It starts on September 13th as the exclusive coffee sponsor of the InStyle Wiesn Lounge in the Bayerischer Hof.

The editors-in-chief of the well-known lifestyle magazine are inviting influencers, models and stars to a lively pre-Wiesn event and get-together. Melitta will be there with the coffee bar and will provide all participants with delicious coffee specialties.

Melitta at the Oktoberfest

Finally, on September 23rd, Cathy Hummels’ “Wiesn Bummel” will take place with the motto ‘Style meets Tradition’ – an integral part of the VIP scene at the Wiesn since 2017. Melitta was already the perfect coffee partner for this last year.

In the “Wiesn Bummel” lounge in the newly opened Munich Mariott City West, two baristas at the Melitta coffee bar will provide really good coffee. In addition to delicious coffee specialties, there will also be a coffee specially branded for the “Wiesn Bummel”, which will be given to all participants in the goodie bags.

“We are delighted to be part of Cathy Hummels’ “Wiesn Bummel” again and at the same time to be able to further expand our activities with the InStyle Wiesn Lounge. The company wants to make coffee and coffee enjoyment an experience – in addition to festivals, we are therefore at many other events and we always ensure really good coffee,” explains at About Drinks Vivien Kneisel, Team Lead Brand Activation & Operative Brand Management at Melitta Europa GmbH, Coffee Division.

Simonelli Group at lunch! in London for the presentation of the Nuova Aurelia MP by Nuova Simonelli

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The Nuova Aurelia MP (image provided)

BELFORTE DEL CHIENTI, Italy – From 18-19th September, Simonelli Group, a leading company in the production of professional espresso coffee machines and grinders, in collaboration with Nuova Distribution UK, will present the latest innovations from the Nuova Simonelli brand at lunch!, the UK’s award-winning trade show for the food-to-go industry.

Simonelli Group at lunch! with the Nuova Aurelia MP

It will be a fair full of new products and solutions for chains, roasters, and restaurants. The Nuova Distribution UK team (Simonelli Group’s UK branch based in London) will be at stand L1171 to showcase to the lunch! audience the Nuova Aurelia by Nuova Simonelli. NUOVA Aurelia is the coffee machine designed to boost productivity and beverage consistency while reducing daily operations and waste.

Nuova Aurelia introduces the most innovative technologies capable of automating workflow, allowing anyone to prepare excellent beverages quickly and easily. At lunch!, Nuova Distribution UK will present the Nuova Aurelia MP version, a professional multi boiler espresso machine that guarantees high precision and control over extraction and can manage different coffee profiles thanks to its independent group system. Its advanced technologies offer a wide coffee and milk-based menu, with great beverage consistency, reducing daily operations and waste.

At lunch!, visitors will also discover the new milk technology introduced by NUOVA Aurelia. The E-Milk technology enables automatic milk frothing with up to nine customizable recipes, allowing the operator to simply press a button to create perfect froth without the need for specific training.

To showcase how easy and quick it is to froth milk without waste, Nuova Simonelli invites everyone to participate in the “Latte Art Contest with E-Milk”: from 18-19th September, all visitors to stand L1171 can participate in a special latte art challenge and win NUOVA Aurelia gadgets.

appia life xt
Appia Life XT (image provided)

On the occasion of lunch!, Nuova Simonelli will also present Appia Life XT, the single-group espresso machine for medium productivity that offers additional technologies for greater extraction control. The new feature of Appia Life XT, besides the brand-new metallic gray color, is the introduction of the PID, a technological solution that makes it even more thermally stable and ensures superior consistency. The ease of use and reliability of Appia Life continue to win over roasters, chains, and venues worldwide.

SCA is launching the Coffee Value (CVA) Assessment for Cuppers Course

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SCA CoE ACE World Coffee Roasting Championship
The SCA logo

MILAN – The Specialty Coffee Association (SCA) is launching the Coffee Value Assessment (CVA) for Cuppers Course, a two-day, immersive professional development experience tailored specifically for coffee cuppers and other sensory professionals.

This course offers a comprehensive introduction to the Specialty Coffee Association’s new system for Coffee Value Assessment (CVA)—a transformative approach to evaluating coffee’s value across four assessment types, offering a complete “high-resolution” picture of a specific coffee that takes into account all the attributes that make a coffee special.

Why the CVA for Cuppers Course Matters

For coffee cuppers and other sensory professionals, accuracy and consistency in evaluation matters. As our understanding of coffee’s complexity deepens, so too must our tools for assessing its value. The CVA for Cuppers Course represents the next step in this evolution, equipping cuppers with cutting-edge techniques that reflect the latest advancements in sensory science.

Two Days of Immersion in Coffee Value Assessment

The CVA for Cuppers Course is designed specifically for coffee professionals and frequent SCA cupping system users to dive deep into the development of the SCA’s new Coffee Value Assessment and participate in guided practice applying the CVA and its tools.

Taught by SCA Authorized CVA Trainers

Look for the authorized CVA for Cuppers Course mark to find SCA sanctioned events that are taught by accredited CVA Trainers around the globe.

Acknowledged Success with an Official SCA Certificate

Gain practical CVA training that acknowledges success with an official SCA certificate, recognized and sought out by decision-makers in the coffee industry.

Find a CVA for Cuppers Course Near You

If you are ready to elevate your cupping practice and integrate the SCA Coffee Value Assessment and its tools into your professional toolkit, we encourage you to find a CVA for Cuppers Course near you. Join us in shaping the next chapter of coffee evaluation and take your place among the leading experts in the field. Visit sca.coffee/cva-events to explore upcoming courses and secure your spot.

SharkNinja introduces Ninja Luxe Café: the only 3-in-1 espresso, drip coffee and cold brew maker

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The Ninja Luxe Café (image provided)

NEEDHAM, Massachusetts – SharkNinja, Inc. (NYSE: SN), a global product design and technology company, is set to shake-up the at-home espresso and coffee market as it launches the Ninja Luxe Café. As the only all-in-one no-guesswork espresso, well-balanced drip coffee, and rapid cold brew maker, consumers can say goodbye to the frustrating trial-and-error that’s common with other complex semi-automatic espresso machines and hello to espresso and coffee without limits.

The launch of the Ninja Luxe Café

With its Barista Assist Technology, the Ninja Luxe Café offers the ultimate guided experience from customized grind size recommendations to weight-based dosing and active brew adjustments for temperature & pressure. Every brew is monitored, and the machine automatically adapts to create the perfect cup for every vibe.

To top it off, the unique Dual Froth System that combines steaming and whisking to unlock hands-free frothing and effortlessly craft perfectly textured hot or cold microfoam whether using dairy or plant-based milk. Four preset programs allow users to select their desired froth styles including steamed milk, thin froth, thick froth and cold foam to further customize their favorite beverage.

Coffee brewing (image provided)

“Our new Ninja Luxe Café is an easy-to-use 3-in-1 espresso, drip coffee and cold brew maker that solves for the biggest pain points consumers have with espresso machines,” said Neil Shah, Chief Commercial Officer at SharkNinja. “The tailored grind-size recommendations, built-in scale and hands-free frothing system removes complicated processes to eliminate sour/bitter brews and manual frothing hassles for café-quality drinks at home. At SharkNinja, we believe that consumers deserve exceptional performance and versatility at an accessible price point, and we’re excited to bring that to coffee lovers with the launch of the Ninja Luxe Café.”

The latte art preparation (image provided)

Whether you’re starting your day on a high note, hitting an afternoon slump, or looking to reenergize your evening, keep the good vibes brewing with the Ninja Luxe™ Café. The machine makes it easy to craft café-quality favorites from double and quad shots to classic, rich or over-ice drip coffee and cold brew in a range of sizes from six ounces up to 18 ounces. Cold-pressed espresso is brewed at a lower temperature and pressure and at a slower pace to extract a more flavorful, smooth brew – perfect for espresso martinis.

The Ninja Luxe Café is now available on NinjaKitchen.com and at Best Buy for $499.99. It will be available at other major retailers including Amazon, Crate & Barrel, Kohl’s and Target soon.

Farmer Bros. reports net sales of $341.1 million for full year fiscal 2024

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Farmer Bros
Farmer Bros. Co. logo

FORT WORTH, Texas, USA – Farmer Bros. Co. today reported its fourth quarter and full year fiscal 2024 financial results for the period ended June 30, 2024. The company filed its Form 10-K, which can be found on the Investor Relations section of the company’s website.

“This past year was a transformative one for Farmer Brothers,” said Farmer Bros. Co. President and Chief Executive Officer John Moore. “The decision to sell our direct ship business and focus on our more profitable DSD business helped significantly improve our gross margins and drive adjusted EBITDA profitability and overall operational efficiency.

While we are proud of the significant progress we have made to date, there is still much more to be done as we complete our SKU rationalization and brand pyramid efforts, further streamline our operations and focus on driving customer growth and retention.

We remain confident we are building a foundation which will generate long-term, sustainable growth and value creation for our shareholders.”

Farmer Bros. Co.: Fourth quarter fiscal 2024 financial results

  • Net sales were $84.4 million for the fourth quarter of fiscal 2024, a decrease of $1.1 million, or 1%, compared to the fourth quarter of fiscal 2023.
  • Gross profit for the fourth quarter of fiscal 2024 was $32.8 million, or 38.8%, compared to gross profit of $27.8 million, or 32.5%, for the fourth quarter of fiscal 2023.
  • Net loss for the fourth quarter of fiscal 2024 was $4.6 million, compared to a net loss of $16.9 million for the fourth quarter of fiscal 2023. The $4.6 million net loss for the fourth quarter of fiscal 2024 included a $1.1 million of gain from the sale of assets and $400,000 of non-cash stock compensation. The $16.9 million net loss for the fourth quarter of fiscal 2023 included a $2.5 million loss from the sale of assets and $2.1 million of non-cash stock compensation.
  • Adjusted EBITDA was a loss of $1.6 million for the fourth quarter of fiscal 2024, an increase of $5.6 million, compared to the fourth quarter of fiscal 2023.

1 This is a non-GAAP financial measure. See “non-GAAP financial measures” and “reconciliation of net loss to non-GAAP adjusted EBITDA loss” below.

Full year fiscal 2024 financial results

  • Net sales for fiscal 2024 were $341.1 million, an increase of $1.1 million, or 0.3%, compared to fiscal 2023.
  • Gross profit for fiscal 2024 was $133.9 million compared to $114.6 million in fiscal 2023. Gross margin increased 560 basis points in fiscal 2024 to 39.3%, compared to 33.7% in fiscal 2023.
  • Net loss for fiscal 2024 was $3.9 million, compared to a net loss of $34 million for fiscal 2023. The $3.9 million net loss for fiscal 2024 included a $18.1 million gain from sale of assets, $3.8 million of non-cash stock compensation, $3 million of severance costs and a $1.2 million loss related to sale of business. The $34 million net loss for fiscal 2023 included a $5.1 million gain from the sale of assets, $8.2 million of non-cash stock compensation, $1.6 million of severance costs and $1.9 million of gain related to the settlement of the Boyd’s acquisition.
  • Adjusted EBITDA was $558,000 for fiscal 2024, an increase of $14.7 million compared to fiscal 2023.

Balance Sheet and Liquidity

As of June 30, 2024, the company had $5.8 million of unrestricted cash and cash equivalents, $23.3 million in outstanding borrowings and $27.8 million of borrowing availability under its revolving credit facility.

Nescafé Azera and young creatives in the UK celebrate the beauty of coffee connections in By Design campaign

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Nescafé Azera
Nescafé Azera (credits: Nestlé UK)

GATWICK, UK – Four young creatives will see their designs reach shop shelves across the UK this September as part of the Nescafé Azera By Design competition, in partnership with The Prince’s Trust. Nescafé Azera is entering its fourth year in partnership with The Prince’s Trust to support young people, develop their skills and provide a platform to raise their profile as young aspiring artists.

This year, entrants were asked to create a design piece focused on “the beauty of connecting over coffee”. The creatives were encouraged to think about how they connect and check-in with themselves or loved ones, and explore the connections coffee can have with places, music, moments in time and special memories. Altogether, 193 people submitted their thoughtful entries inspired by their favourite coffee moments.

The four winners are: Lisa McQuarter, Lauren Peters, Lauren Mann and Bex Mitchell, each put forward their own special design and creative background story.

Lisa McQuarter, a 25-year-old portrait photographer from Glasgow, heard about the Nescafé Azera By Design Competition and decided to take part with hopes of being able to pick up creative skills to better market her business.

She said: “My design reflects bringing people together through yoga which is a form of love and a way to change yourself for the better from the inside out.”

Lauren Peters, a 27-year-old London-based graphic designer, noticed a shift in creative technology with the rise of AI and creative tools.

This pushed Lauren to learn a new skill, so she joined The Prince’s Trust. She said: “Creating my design allowed me to explore all the different experiences and emotions that arise when coming together over a cup of coffee. Coffee has been a journey into transitioning into adulthood, gaining knowledge, building human connections and finding inspiration.

Bex Mitchell, 28, is an aspiring illustrator from Edinburgh, she said: “I’ve gone from being told off in classes for doodling, to having those doodles selected and now seen by anyone venturing down the coffee aisles.”

Lauren Mann, 28 from Lincolnshire, owns a multi award-winning business, Farrow Friends, which enables the elderly to live independently within their home and local community, helping to minimise isolation. She said: “When someone picks up my Nescafé Azera tin, I want them to feel a sense of gratitude knowing they have the power and ability within them to reach out to someone feeling isolated and arrange to have a coffee date.”

Honor Hocknell, Brand Manager for Nescafé Azera, said: “Nescafé Azera have worked with The Prince’s Trust for over four years now and it is always incredible to see the work of passionate young creators. Our partnership with the charity gives young people a nationwide platform, where their designs will be seen by coffee fans all over the UK.

“We are honoured to have received such a large number of high-quality entries in the 2024 By Design competition. This year, all four winners have really brought their special coffee connections to life which can be admired and enjoyed by everyone.”

The Prince’s Trust, which formed in 1976, helps young people aged 11-30 to develop essential life skills, get ready for work and access job opportunities. Since their partnership launched, Nescafé Azera has donated £430,000 to The Prince’s Trust.

Sylvia Lowe, Director of Brand and Marketing for The Prince’s Trust, said: “We’re incredibly proud to work with Nescafé Azera on the By Design competition again this year as part of our long-standing partnership.

“The talent and creativity displayed by all of the young entrants was amazing, making it very tough for the judges to select just four designs.

“Lauren Mann, Lisa McQaurter, Bex Mitchell and Lauren Peters have all showcased the importance of community in their own original ways and are truly deserving winners of this year’s competition. We are excited to see how their careers develop from here.”

The winners will also take part in a launch event to celebrate the wonderful work they have created. The event will be a fun and relaxing day that includes a Q&A panel session featuring digital creator, Meagan Wells as well as one of last year’s winners, Esther Johnson. The panel will discuss key topics about the world of design and showcase the dynamic routes into the industry.