Day: October 30, 2024

Image: Robert/stock.adobe.comIn its third quarter 2024 financial results, Chinese coffee chain Luckin Coffee has reported a 41.4 per cent increase in net revenues from the same time last year, as it evaluates expansion opportunities in the United States (US). The quarterly results, released on 30 October 2024, revealed a revenue jump from RMB7200 million (US$1012 million)
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Image: Nitiphol/stock.adobe.comStarbucks Australia has appointed Braeden Lord as its new CEO, effective 25 November 2024. Lord, currently CEO of Australian gelato brand Gelatissimo, has leadership experience from roles at major retail brands, including 7-Eleven. Lord has had a relationship with Starbucks since 2004 and has served on the board of directors since 2015. He succeeds Chris
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Coffee Grower Virginia Aguiar at Fazenda Semente in the Cerrado region inspecting the impact of the 2021 frost damage. Image: Maja Wallengren.Three years after the most damaging frost to hit Brazil in half a century, and amid other ongoing weather disasters, growers across the world’s largest producing country are still struggling to recover. Maja Wallengren reports for Global Coffee Report.  Brazilian coffee fields are famous for stretching hundreds of kilometres as far as the eye can
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