EARLIER STORIES
£300,000 WORTH OF COFFEE MACHINES STOLEN FROM WAREHOUSE
Fracino, a multi-awarded coffee machine manufacturer, has reported that burglars almost stripped the company’s warehouse of its contents from late Tuesday night to early Wednesday morning, according to the BBC and local news reporters. The…
JOHN CULVER, COO OF STARBUCKS ANNOUNCES ROLE WILL DISAPPEAR AS HE PLANS EXIT
Analysis In quite a surprising announcement on August 18th, John Culver, the Chief Operating Officer of Starbucks, announced that he would transition to become an advisor to the CEO and then leave the business at…
REBORN COFFEE RAISES $7.2M ON NASDAQ, WITH NOTHING NEW EXCEPT MAGNETIZED WATER?
Reborn Coffee has completed a successful initial public offering on NASDAQ (REBN), raising $7.2 million, of which the company will retain about $6.9 million after paying fees. I dug through the statutory filings on the…
COPYCAT ‘STARS COFFEE’, TAKES OVER STARBUCKS LOCATIONS IN RUSSIA
Starbucks in Russia has recently been reopened as Stars Coffee by pro-Putin rapper Timati and restaurateur Anton Pinskiy. The pair acquired the rights to the coffee chain in Russia previously owned by Starbucks and operated…
LUCKIN COFFEE FIRST QUARTERLY PROFIT LAYS FOUNDATION FOR RETURN TO U.S. MARKET
While Starbucks’ sales in China fell 44%, according to the company’s latest report, Luckin Coffee has gained ground, reporting an impressive 72% jump in net revenue in the latest quarter that ended in June. According…
STARBUCKS Q3 RESULTS BEAT ESTIMATES, BUT IT’S NOT THE CAPUCCINOS!
Analysis Starbucks is performing well in key markets, with the exception of China, where the world’s largest coffee chain is having to rethink its strategy due to poor results. But as anyone who follows TikTok’s…
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