Update on the Status of Exchange Licensed Coffee Warehouses in Miami
NEW YORK, U.S. – All warehouse operators in Miami, FL with facilities licensed to store Coffee “C”® have reported that the...
Starbucks appoints Rosalind Brewer as new Group President and COO
SEATTLE, U.S. – Starbucks Corporation yesterday announced the appointment of Rosalind Brewer as group president and chief ...
Farmer Brothers announces agreement to acquire Boyd Coffee Company
NORTHLAKE, Texas, U.S. – Farmer Bros. Co. (NASDAQ:FARM) (“Farmer Brothers” or the “Company”) a national coffee roaster, wh...
Olam International reports 28.5 percent PATMI growth for Q2 2017
SINGAPORE – Olam International Limited (Olam, the Group or the Company) reported higher earnings for the quarter (Q2 2017) and six months ended June 30, 2017 (H1 2017). For Q2 2017, Profit After Tax and Minority Interest (PATMI) increased 28.5% year-on-year on improved operational performance ...
Olam International Limited announces completion of debt refinancing
SINGAPORE – Olam International Limited (“Olam’’ or the “Company”), a leading agri-business operating across the value chain in 70 countries announced today that it has secured a revolving credit facility (the “Facility”). Olam Treasury Pte Ltd (a 100% owned subsidiary of Olam) is a co-borrower and the Facility is guaranteed by the Company.
Arabica prices set back from 3-1/2 month highs pressured by resistance
NEW YORK/LONDON – Arabica coffee futures in New York set back from highs met early in the day, pressured by technical resistance following a four-day rally. Dealers said short-covering lost momentum when prices neared a technical resistance around the 140 cents/lb mark.
Second Cup announces exchange of term loan for common shares
MISSISSAUGA, ON, Canada – The Second Cup Ltd. (SCU) (Second Cup or the Company) announced today that SPE Finance LLC (SPE), an affiliate of Serruya Private Equity, and its four shareholders have agreed to exchange a secured term loan for common shares of Second Cup. In December 2016, Second Cup entered into ...
De’Longhi reports consolidated results of the first six months of 2017
TREVISO – The Board of Directors has approved on July 28, 2017, the consolidated results of the first six months of 2017. Revenues were up to € 827.6 million, growing by 7.2% vs. the first half of 2016 or by +5.4% organic. Net Industrial Margin was growing by +3.8% to € 396.3 million.
Starbucks posts weaker-than-expected 3Q revenue, lowers 2017 forecast
SEATTLE, U.S. – Starbucks shares declined in aftermarket trading Thursday after the company missed Wall Street’s projections in much of the world and lowered its full-year 2017 forecast. The tepid results sent shares plunging and followed Starbucks’ agreement earlier Thursday to buy out its East China joint venture ...
Starbucks to own 100 percent of its China stores after buyout deal
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 ...
