Coffee and tea giant JDE Peet's saw the drop in out-of-home coffee consumption compensated by a rise in home consumption, where customers seem to prefer more expensive coffees.
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As of today, JDE Peet's, the parent company of Douwe Egberts and Senseo, is listed on the stock market. The company has raised 2.25 billion euros already, making it the largest IPO of the year.
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Coffee importers are stockpiling to anticipate possible shortages as a result of the corona crisis, as more and more countries are introducing lockdowns that could disrupt the supply chain. This also causes coffee prices to rise to record highs.
Owner JAB wants to float Jacobs Douwe Egberts to the stock exchange this spring, and has asked two banks to guide the process.
Jacobs Douwe Egberts is merging with Peet's Coffee, its American competitor that is also owned by the JAB Holding Company. The idea is to introduce the merger company to the stock exchange.
In the past quarter, Coca-Cola has scored a hit with sugar-free, coffee and the Netflix hit Stranger Things. The soft drink group exceeds expectations with a 6% turnover growth.
Illycaffè is looking to expand by opening more of its own coffee bars. To that end, the Italian coffee manufacturer is looking for a partner with retail experience. This could spell good news for Nestlé or Douwe Egberts, both of which have had their eye on their Italian competitor for some time.
Chocolate producer Godiva has plans to open 2,000 bars in which consumers can drink coffee and eat its pralines. The price for that worldwide growth however may be big: the company may have to leave Japan to finance that growth.
Coffee brand Illy has signed a licensing agreement with JAB, the company that houses Douwe Egberts. They will be producing and distributing Illy aluminum capsules. For Illy, the capsules are a new addition to the product range.
Italian coffee brand Lavazza has acquired Mars Drinks, a subsidiary of Mars that develops coffee vending machines and Flavia coffee capsules. Together, Lavazza wants to grow internationally.
"If we want to remain able to offer our customers good quality and sustainable coffee, we need to work closely with coffee farmers around the world," says Nespresso BeLux' managing director Brema Drohan.
Coca-Cola and PepsiCo seem to be engaged in a race to make themselves less and less dependant on sugary drinks. Just days after Pepsi spent a record amount on Sodastream, Coca-Cola paid 4.4 billion euro for the world's second largest coffee chain Costa.
There is no end to the consolidations in the coffee branch: both JAB (Jacobs Douwe Egberts) and Nestlé have expressed interest in Italian coffee maker Illycaffè, but it is not sure if the family owners want to sell.
Swiss food giant Nestlé has signed a distribution deal with Starbucks: for 6 billion euro, the company can start selling the American chain’s brands.
Coffee company Jacobs Douwe Egberts will launch its aluminium coffee capsules across supermarkets this week. It is yet another front in its competitive struggle against Nespresso and Belgian Belmio.
Coffee and tea manufacturer Jacobs Douwe Egberts (JDE) managed to become profitable again last year, a huge improvement compared to 2015 when it suffered a 245 million euro.