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 the shareprice on the day. That response can be attributed, in part, due to who will take over, at least […]
STARBUCKS’ HOWARD SCHULTZ RETURNS AS KEVIN JOHNSON RETIRES Read More »
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 beans sourced from individual farmers, and lightly roasted to bring out distinct flavours. Blue Bottle has an already strong presence
BLUE BOTTLE OPENS IN CHINA Read More »
A local market regulator in the eastern Chinese city of Wuxi, Jiangsu Province, fined Starbucks 1.36 million yuan ($210,000) for adjusting ingredient shelf life and using expired ingredients in two of its outlets there. A public announcement was recorded by the National Enterprise Credit Information Publicity System. In the information released, we can see that
STARBUCKS FINED IN CHINA FOR TAMPERING WITH LABELS Read More »
As part of Starbucks’ strategy to grow, they open more stores, ruthlessly control costs, and continuously introduce new items to market. Their marketing has been on point resulting in them being a go-to destination for millennials and TikTok’ers who upload and share videos where they review the latest Starbucks innovation, often attracting hundreds of thousands
STARBUCKS PUSH FOR GROWTH TEMPERED BY UNCERTAIN CHINA MARKET Read More »
McDonalds China invests USD $400 million as a strategic threat to Starbucks dominance
MCDONALD’S CHINA CHALLENGES STARBUCKS DOMINANCE Read More »
In this weeks episode, we talk about how the Luckin coffee fraud was discovered, making your own coffee scales using 3D printing, and our review of the Casa Espresso El Salvador Miramar.
BEAN TALK – REVIEW OF CASA ESPRESSO Read More »
Peet’s Coffee closed the book early after only three days taking orders in the IPO, citing “strong demand” from excited investors who believe in the outlook for the coffee company.
PEET’S COFFEE BREW’S EUROPES TOP IPO Read More »
As we watch the slow car crash that is Luckin Coffee, it’s an interesting time to watch the China coffee market. China has not traditionally been a huge coffee consumer, but Starbucks in China is changing habits. Yum China is China’s largest restaurant operator, listed on the NYSE, their share price (YUMC) has largely followed Starbucks (SBUX)
YUM! THE BIGGEST COFFEE RETAILER YOU’VE NEVER HEARD OF Read More »
In the post Covid19 world, is there a place for robot baristas? The concept is not new – the venture-backed Cafe-X retreated in 2019 with a number of shop closures. Unfortunate timing considering the potential uptick following the closures of the traditional cafes in Q1 2020 due to the virus. The question being asked in
THE FUTURE OF ROBOT BARISTAS Read More »
