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Suntory sells Cerebos Food & Instant Coffee business to Kraft Heinz

Suntory Beverage & Food Ltd (“SBF”) today announced that it has entered into an agreement to sell its Cerebos Food &am...

Ice Notices: Ice Futures releases 2020 Holiday Trading Calendar

NEW YORK, U.S. – The ICE Futures U.S. has released its holiday trading calendar for 2020. Trading hours1 for these contrac...

Private equity group Peninsula makes a binding offer for 23% of Illy Group

MILAN – According to sources, private equity firm Peninsula Capital has made a binding offer to buy 23% of Illy Group, the...

JPMorgan’s Alejandro Vicente to join Jab

Alejandro Vicente is stepping down as European head of consumer investment banking at JPMorgan to take a new role working with JAB, the holding company of Germany’s billionaire Reimann family.

Italmobiliare to invest EUR140 million for a 60% share of Caffè Borbone

MILAN, Italy – Following its recent entry into the Tecnica Group, Italmobiliare is continuing its strategy to diversify an...

Chinese Starbucks rival Luckin Coffee said to be planning US Ipo

MILAN — Luckin, the ambitious Chinese startup rolling out thousands of stores to take on Starbucks Corp., is working with ...

Illycaffè may sell a 20% stake to to support its expansion in the US market

MILAN – Italian gourmet coffee roaster illycaffè has launched the sale of a minority stake, reports Bloomberg quoting a pr...

Nestlé confirms outlook, Nespresso continues its good organic growth

MILAN – Nestlé confirmed on Thursday its target to grow organic sales by 2-4 percent this year and improve its trading ope...

Ediya Coffee steps back from Ipo plan, focuses on the Chinese market

Ediya Coffee, a popular coffeehouse chain based in South Korea, has stepped back from plans to go public this year, opting...

Selecta Group appoints Gabriel Pirona as new Chief Financial Officer

CHAM, Switzerland — Selecta Group B.V. has announced that Hugues Rougier will resign from his role as Chief Financial Offi...