dhanliza cellona

DUTCH BROS COFFEE BEATS ANALYST EXPECTATIONS, AND IMPROVES MARGINS

Dutch Bros Coffee, a drive-thru coffee chain with headquarters in Oregon, recently reported second-quarter earnings that exceeded analyst expectations, with revenues increasing 44.2% to $186.4 million. The company now offered slightly improved sales guidance to the market, expecting to beat the $715m annual sales they had previously forecast. The coffee chain, which is celebrating its […]

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PROFILEPRINT CLOSES SERIES A1 WITH CARGILL

ProfilePrint says this funding will accelerate its vision of establishing ProfilePrint’s digital fingerprint as a global standard for the industry. The company is clearly following a path of making their stakeholders, investors – a term referred to as a ‘strategic investor’, i.e. a party that doesn’t just provide money, but also typically a route to

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SAUDI COFFEE COMPANY, CULINARY ARTS COMMISSION ADVOCATE FOR SAUDI COFFEE HERITAGE

Saudi Coffee Company, a subsidiary of the Public Investment Fund created to transform Saudi Arabia’s Coffea Arabica into a global product, recently announced a collaboration agreement with the Culinary Arts Commission. A fairly young Saudi government body established only in February 2020, the Commission seeks to promote and preserve Saudi Arabia’s unique and diverse culinary

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ABICS DEVELOPS SENSORY ANALYSIS METHODOLOGY FOR INSTANT COFFEE

For several decades, Brazil has been the world’s largest producer and exporter of instant coffee. The country also has the world’s largest instant coffee production capacity, with up to 132 thousand tonnes per year. Exports to 100 countries reached record levels in 2019, 2020, and 2021, with annual volumes exceeding 4 million bags. With a

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ETHIOPIAN RESEARCHERS DISCOVER TREATMENT FOR COFFEE WILT DISEASE

In a report by the state-run Ethiopian News Agency (ENA), researchers at Addis Ababa University in Addis Ababa, Ethiopia’s capital, discovered a new medicine that can treat a fungal disease that causes coffee plants to dry. The new treatment primarily prevents coffee wilt disease (CWD). The disease is known to block water from moving up

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OFI COMPLETES ACQUISITION OF CLUB COFFEE L.P.

London, July 25, 2022 – ofi, a global leader in naturally good food & beverage ingredients, is pleased to announce that the acquisition of Club Coffee L.P. (“Club Coffee”), previously announced on 26 April 2022, was successfully completed. Club Coffee is one of Canada’s largest coffee roasters and packaging solutions providers to the ‘At Home’

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% ARABICA IN CHINA SEEKS $300M INVESTMENT AT $1.2B VALUATION

Lucky Ace International Ltd., the exclusive franchise holder of the Japanese coffee store % Arabica in Greater China, is aiming to raise $300 million to fund its expansion and has reached out to possible investors for the round, according to a Bloomberg report. Lucky Ace was valued at $800 million to $900 million in its

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UK’S IRON & FIRE ROASTERS ACCELERATES GROWTH WITH TRADE WEBSITE

Speciality coffee roaster Iron & Fire, which has seen its wholesale and trade business double in the past year, today unveils a new dedicated wholesale website to support its trade customers in ways that go above and beyond simply placing an order for coffee. Founded in 2014 by lifelong coffee lover Kevin Burrows, Shropshire-based Iron

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ICO EXECUTIVE DIRECTOR MEETS WITH PANAMA AMBASSADOR TO THE UK

London, 15 July 2022 –The International Coffee Organization’s Executive Director (ICO ED), Vanúsia Nogueira, met with HE Natalia Royo de Hagerman, Ambassador of Panama, on 14 July to discuss the challenges facing the coffee sector globally, as well as with specific reference to the Panamanian sector. During the meeting, they discussed a range of issues

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STARBUCKS WORKERS UNION BELIEVES STORE CLOSURES ARE REVENGE

In response to Starbucks’ decision to close 16 of its cafes, a group of employees from the union organising employees at different Starbucks branches around the U.S. has filed a labour complaint. According to In These Times, Starbucks Workers United (SBWU), which has recently spearheaded efforts to unionise more than 130 U.S. outlets, has filed

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CBP FINDS FENTANYL WORTH OVER $1 MILLION IN COFFEE, FOOD PRODUCTS

Fentanyl worth more than $1 million was recently found concealed in several different food items, including coffee cans. Drug smugglers like using coffee products for smuggling operations as the strong smell of the coffee can mask the drugs from sniffer dogs. Fentanyl is a synthetic opioid that is 50-100 times stronger than morphine. Pharmaceutical fentanyl

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