Coffee

Starbucks' Schultz To Remain Interim CEO Until March 2023

Starbucks Corp has said that Howard Schultz will remain the coffee chain's interim chief executive officer until the end of March 2023, as it looks for a p...

Starbucks To Exit Russia After Nearly 15 Years

Starbucks Corp has announced plans to exit the Russian market after nearly 15 years as the coffee chain joins McDonald's Corp in marking the end of the pre...

Coffee Demand Up But Not Yet Percolating At Pre-Pandemic Levels

Demand for coffee in non-producing countries showed a healthy recovery in the first quarter, although there are signs of possible slowdowns in demand in Ru...

JDE Peet’s Increases Sustainable Coffee Sourcing Target

Coffee and tea producer JDE Peet’s will accelerate its responsibly sourced coffee target from 30% to 80% globally this year.

JDE Peet’s Executes €500m Share Buyback

JDE Peet’s, the pure-play coffee and tea company, has announced the execution of a share repurchase for a total amount of €500 million.

Coffee Capsule Market Set To Accelerate Over Coming Decade, Study Finds

The global coffee capsule sector is projected to be worth more than $9.8 billion (€9.27 billion) ten years from now, a new study by Future Market Insi...

Lavazza Sees 'Challenging' 2022, Halts Russian Activities

Italian coffee maker Lavazza said on Wednesday it expected a challenging 2022 due to raw material price rises after reporting a strong increase in profits...

Cutting Middlemen's Profit One Way To Boost Coffee Farmers' Gains, ICO Head Says

Increasing transparency and adjusting the size of gains for middlemen in coffee trading is one way to increase profits for coffee farmers, a major task for...