McDonald’s beats on earnings after slashing prices on soda and coffee
NEW YORK – McDonald’s has reported its best showing for global comparable sales in five years, sending its shares to a record intraday high on Tuesday. Investors were impressed with the company's progress ramping up mobile order and mobile pay at more restaurants, and with its expansion ...
PTG Energy acquires Coffee World operator to strengthen non-oil biz
BANGKOK, Thailand – Oil retailer PTG Energy Plc has acquired a 99.99 per cent stake in GFA Corporation Ltd, the operator of Coffee World, according to the company’s filing to the Stock Exchange of Thailand. The acquisition, which was made through PTG’s subsidiary PunThai Coffee Ltd, is part of the firm’s strategy to bolster ...
Death of ‘coffee chain king’ rattles South Korean franchise industry
SEOUL, South Korea – Kang Hoon, CEO of the local dessert cafe franchise MangoSix was discovered in a bathroom at his resid...
Cott to sell its traditional beverage manufacturing business to Refresco
TORONTO, Canada and TAMPA, FL, U.S. – Cott Corporation today announced that it has entered into a definitive agreement to sell its traditional beverage manufacturing business ("Cott Beverages") to Refresco. The transaction includes Cott's North America, U.K., and Mexico businesses ...
J. M. Smucker announces sixteenth consecutive year of dividend growth
ORRVILLE, Ohio – The J. M. Smucker Company announced on July 19, 2017 that the Board of Directors has approved an increase...
SoftBank opens ‘robo cafe’ with humanoid robot Pepper at Tokyo stores
TOKYO – Customers at SoftBank Group Corp's three stores in Tokyo can enjoy free coffee served by the telecommunication giant's humanoid robot Pepper, capable of remembering customers' faces and their preference of coffee for their next visits to the stores.
Wave Investments bets on Bkon transforming the future of cold brew
PHILADELPHIA, U.S. – BKON, a pioneering beverage technology company, announces partnership with WAVE Investments GmbH — a newly formed private equity group, uniquely focused on advancing the growth of companies within the Global Specialty Coffee segment.
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.
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 ...
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.
