Global Coffee Report

Image: ManuPadilla /stock.adobe.comStarbucks has announced Brian Niccol as its new Chairman and CEO. He succeeds Laxman Narasimhan, who is stepping down as CEO and Member of the Board effective immediately. Niccol will commence his new position on 9 September 2024, while Chief Financial Officer Rachel Ruggeri will serve as Interim CEO until that date. Board Chair Mellody
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Scott Gray will also step in as Interim CEO. Image: JDE Peet’sPure-play coffee and tea company JDE Peet’s has appointed Peter Harf as Interim Chairman of the Board, effective immediately. As part of the new appointment, Luc Vandevelde will step down as Interim CEO and Chairman of the Board due to unforeseen circumstances. “On behalf of the Board, I want to thank Luc for his tenure
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Image: Viks_jin/ stock.adobe.comSpecialty Coffee Association of Japan (SCAJ) has announced the date of its annual B2B event, which will take place at Tokyo Big Sight on 9 October 2024. The Association’s 19th exhibition, the event aims to gather coffee producing regions and countries based in Central and South America, Africa, and Southeast Asia, as well as coffee-related
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Image: Mediteraneo / stock.adobe.comNespresso USA has announced the launch of Nespresso Bloom, its first collection of honey products. The new range, which includes Coffee Blossom Honey and Coffee Blossom Syrup, is currently available to buy from Nespresso Boutiques in New York and San Francisco, both United States (US). The honey-based collection is designed to highlight the company’s move
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Image: Blue Bottle CoffeeOn 27 August, California-based coffee roaster Blue Bottle Coffee will open a pop-up store in Singapore, marking its debut in the Southeast Asian country. The announcement comes as part of a collaboration with Japanese retailer Lumine. The pop-up Blue Bottle venue will be a limited-edition to the brand’s flagship store in Raffles City Shopping Centre.
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Image: Westrock Coffee Company
Coffee, tea, and extracts provider Westrock Coffee has released its second quarter results for 2024. According to the report, net sales in the quarter totalled $208.4 million and showed a decrease of $16.3 million, or 7.3 per cent, compared to the second quarter of 2023. Other key takeaways included an increase in earnings before interest,
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Image: Global Coffee PlatformMulti-stakeholder membership association Global Coffee Platform (GCP) has announced the addition of four sustainability programs to its list of recognised schemes as equivalent to its Coffee Sustainability Reference Code (Coffee SR Code). The news comes as part of the organisation’s aim to promote environmentally friendly processes in the coffee industry. “We applaud the response to
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Image: ICOThe International Coffee Organization’s (ICO) July 2024 market report reveals its Composite Indicator Price (I-CIP) averaged at 236.54 US cents per pound in July, showing a 4.3 per cent increase from June 2024. It also announced an I-CIP median value of 237.05 US cents per pound, which fluctuated between 224.77 and 251.68 US cents per pound. According
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Image: Krispy KremeAmerican multinational doughnut and coffee company Krispy Kreme will open its first store in Morocco on 9 August. The new venue is part of a partnership with franchise Americana and a key step in the brand’s growth plan to bring its doughnuts and coffee to customers on a global scale. “Our decision to enter the
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