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WESTROCK COFFEE VALUED AT $1.2B AS IT PREPARES TO GO PUBLIC

WESTROCK COFFEE VALUED AT $1.2B AS IT PREPARES TO GO PUBLIC

Westrock Coffee Holdings LLC announced it would merge with a special-purpose acquisition company (SPAC). The company is valuing itself at about $1.2 billion. Special-purpose acquisition companies, also known as SPACs, are publicly listed companies that…

STARBUCKS UNANIMOUS VOTE TO UNIONISE IN SEATTLE IS A WAKE UP CALL

STARBUCKS UNANIMOUS VOTE TO UNIONISE IN SEATTLE IS A WAKE UP CALL

Starbucks’ home city of Seattle recently voted to unionise employees at the same time Howard Schultz, the founder of the company’s success and iconic status, was re-appointed CEO after Kevin Johnson left abruptly. During a…

COSTA COFFEE COMMITS TO NET-ZERO BY 2040

COSTA COFFEE COMMITS TO NET-ZERO BY 2040

Costa has set itself a target of becoming Net Zero by 2040, which includes the use of 100% renewable gas at its roastery, and improving farming practices. The plan has been approved by the Science-Based…

STARBUCKS’ HOWARD SCHULTZ RETURNS AS KEVIN JOHNSON RETIRES

STARBUCKS’ HOWARD SCHULTZ RETURNS AS KEVIN JOHNSON RETIRES

Starbucks CEO, Kevin Johnson, surprised markets with an announcement that he would retire next month without a succession plan in place. Instead of being spooked, investors seemed delighted, as reflected in the 7% jump in…

NESPRESSO SUES PEETS OVER COMPATIBLE CAPSULES

NESPRESSO SUES PEETS OVER COMPATIBLE CAPSULES

In a federal lawsuit filed in Manhattan federal court on Thursday, Nespresso USA Inc alleged Peet’s Coffee’s coffee pods infringe Nespresso’s trademark rights for its capsule design. It is alleged that Peet’s similar capsules cause…

BLUE BOTTLE OPENS IN CHINA

BLUE BOTTLE OPENS IN CHINA

Californian chain Blue Bottle Coffee has opened its first mainland China store in Shanghai on February 25th. The Californian chain is a pioneer of the third-wave coffee culture, where the emphasis is placed on high-quality…

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