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Sunday 24 November 2024
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China

Whitbread to take full control of Chinese joint venture for Costa Coffee

Desk3 -
LONDON, UK – UK leisure group Whitbread PLC has plans to take full control of one of its Chinese joint ventures, sources reported Monday. Whitbread...
Market & Trade

Chongqing is now China’s largest spot trading platform for coffee

Desk3 -
CHONGQING, China – The spot trading volume of coffee on the Chongqing Coffee Exchange hit 10 billion yuan as of August, making it the biggest spot trading platform for coffee in China.
Trade Shows

Rwanda’s coffee, tea and handicrafts excite buyers at exhibition in China

Desk3 -
Rwanda’s coffee, tea and crafts attracted overwhelming attention at the Hunan- African Goods Day exhibition in Hunan Province, South China. The expo was organised by...
Companies

Tata Global Beverages sells off overseas ventures in Russia and China

Desk3 -
KOLKATA, India – Tata Global Beverages on Thursday sold off its Russian operations including manufacturing and selling of popular Russian coffee brand Grand that it had fully acquired in 2012. The Russian businesses has been sold off to Skodnya Grand and Coffee Pack of Russia ...
Companies

Starbucks to own 100 percent of its China stores after buyout deal

Desk3 -
SEATTLE, U.S. – Starbucks Corp. said Thursday it is acquiring the 50% stake in its East China joint venture it does not already own. The company will assume 100% ownership of about 1,300 Starbucks stores in Shanghai and Jiangsu and Zhejiang Provinces. The coffee store chain said it is still committed to operating more than 5,000 stores in ...
Companies

China’s domestic brands aim high as the coffee industry grows stronger

Desk3 -
BEIJING, People’s Republic of China – With China’s growing middle class and a shift toward more upscale consumer habits, the coffee industry is growing nationwide. Although tea has always been the preferred drink of many Chinese, the nation is developing a thirst for coffee, particularly among young professionals ...
Companies

Brand cafés: less about coffee or income, more about the selfie?

Desk3 -
HONG KONG – In today’s consumption environment that is driven by selfies and social media, a brand cafe is the ultimate playground. Look no further than Chanel’s pop-up beauty themed Coco Cafe which opened its doors on June 10 in Causeway Bay, Hong Kong.
Companies

Starbucks releases ready-to-drink milk tea products in China for first time

Desk3 -
BEIJING, PEOPLE’S REPUBLIC OF CHINA – While tea is embedded in Chinese culture, coffee giant Starbucks has recently introduced two new tea-based bottled frappuccinos in China for the first time – Starbucks black tea bottled frappuccino and Starbucks matcha bottled frappuccino in its ready-to-drink category.
Companies

Papua New Guinea firm to tap into Chinese demand for specialty coffee

Desk3 -
PORT MORESBY, Papua New Guinea – A firm from Papua New Guinea plans to tap into the Chinese coffee market by the end of this year by selling its brand of specialty coffee. Duffy Coffee Roasters founder, Travers Chue, announced that after years of planning they are ready to take “Duffy Specialty Coffee’ overseas.
Companies

Survey says: Starbucks likely to keep making gains in market share

Desk3 -
SEATTLE, U.S. – Quoting a survey, UBS said in a note Friday Starbucks Corporation is well positioned for continued U.S. market share gains. The firm also delved on growth at its channel development segment and Chinese opportunities. The deduction was based on a global coffee survey of over ...
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