Tea

JDE Peet’s Sees Sales Up 16.4% To €8.2bn In FY 2022

JDE Peet’s has reported year-on-year sales growth of 16.4% to €8.2 billion in its financial year 2022.

Costa Coffee Names Philippe Schaillee As New CEO

Costa Coffee has announced the appointment of Philippe Schaillee as its new chief executive officer, effective 10 April 2023.

JDE Peet’s Expecting Organic Sales Growth Of 3% To 5% This Year

Coffee and tea giant JDE Peet's has said that it expects organic sales growth for its 2023 full year to come in at the higher end of its medium term range...

Coffee, Tea Shop Sales To Continue To Surge In US, Says GlobalData

Sales in coffee shops and tea shops are set to grow by double digits in the US this year, GlobalData has said, despite the growing cost of living crisis.

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.

Associated British Foods' Primark Arm To Raise Prices

Associated British Foods has reported a near doubling in first-half profit, but said its Primark clothing business would have to raise prices because of th...