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Van Houtte recognized as an Iconic Canadian brand by Interbrand Canada
MONTREAL, Canada – Keurig Canada Inc. (Keurig Canada) announced yesterday that Van Houtte has been recognized as an iconic Canadian brand by global brand consultancy Interbrand Canada. Van Houtte was recognized as one of the 150 companies, organizations and institutions that 'make us authentically Canadian' in ...
Nestlé cites coffee, infant nutrition & bottled water as growth priorities
VEVEY. Switzerland – As Nestlé continues to review its strategy, respond to shifts in appetites and explore the sale of its US confectionery business, the pressure to change is heating up for the Swiss Group. And now it has outlined a “future value creation model” which includes its strategic growth priorities and supporting capital structure.
Vietnam coffee shipments were down over 15 percent in first half
MILAN – Coffee shipments from Vietnam, the world’s largest producer and exporter of the Robusta variety, are expected to drop an estimated 15.5 percent in the first half of calendar year 2017, government data showed on Thursday. Exports are estimated at 829,000 tonnes, or 13.8 million 60-kg bags during the January-June period ...
Does coffee has a terroir like wine? Not everyone believes in the concept
PORTLAND, U.S. – US wine industry folks talk about terroir a lot. A core concept in how we view wine in the 21st century, terroir is the idea that soil, climate, and topography all give a wine a distinctive characteristic that it wouldn’t have if the grapes were grown elsewhere.
Nestlé plans huge share buyback after activist launches assault
ZURICH – Nestlé SA said Tuesday it plans to buy back up to CHF20 billion worth of shares over three years, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company. The New York-based hedge fund, controlled by billionaire investor Daniel Loeb, disclosed ...
Tanzania: Research Institute launches scheme to increase production
MOSHI, Tanzania – The Tanzania Coffee Research Institute (TaCRI) has embarked on a training programme for farmers on modern crop husbandry in order to enable coffee to regain its lost glory. Under the programme, several farmers in Kilimanjaro Region have been assisted in forming groups under which they are exposed to ...
Arabica futures hit 16-month lows as crude oil selloff pressures prices
MILAN – New York coffee futures fell 4.5 percent to the lowest in nearly 16 months on Thursday, after a move below key levels triggered chart-based selling and narrowed the premium over Robusta to its smallest levels since at least 2008. The crude oil selloff is responsible for dragging down soft commodities such as cocoa and sugar.
Whitbread sales froth up at Costa and Premier Inn during first quarter
LONDON, UK – British leisure giant Whitbread saw like-for-like sales growth of 2.9% in the first quarter, with total sales up 7.6%, boosted by net new openings in both Costa and Premier Inn. Whitbread, which had previously warned that it sees tougher trading ahead ...
Kenya: Bad weather hurts coffee production, cuts harvests and earnings
CENTRAL KENYA – Coffee farmers in central Kenya are staring at reduced earnings compared to last season courtesy of extreme weather that has drastically cut harvests. A mixture of rains, chilly conditions followed by drought has conspired to ensure that growers will take home less during the current year.
Youngevity acquires FreeLife & L’dara through acquisition of Sorvana Intl.
SAN DIEGO, CA, U.S. – Youngevity International, Inc. yesterday announced it has entered into a definitive agreement for the acquisition of the assets of Sorvana International. Sorvana International was formed in November of 2016 through the unification of two natural Wellness companies, FreeLife and L'dara.
