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coffee

Financing

Struggling Tim Hortons vows to turn it around

Parent company Restaurant Brands International is devoting time to a brand that has generated “disappointing results” in recent quarters.

Financing

Dunkin’ to close 450 Speedway locations

The company has reached an agreement with the convenience store chain to close the units by the end of this year.

The chain reported its best same-store sales in six years, thanks in part to Beyond Sausage, but traffic is still down.

The restaurant operator opted out of a nearly 30-year arrangement as demands for airport concessions evolve.

The newly created JDE Peet’s also named several new directors.

The fast-growing chain defended its numbers after an anonymous report questioned the company’s model, says RB’s The Bottom Line.

The coffee giant’s U.S. traffic grew 3% last quarter, thanks in part to sales of more cold beverages.

The chain became the largest coffee concept in China almost literally overnight with its tech-heavy offering, but fast growth is dangerous, says RB’s The Bottom Line.

JAB Holding believes the merger would create a global coffee and tea powerhouse and expects an offering next year.

The company is shifting away from “short-term opportunities” as it looks to build more consistent sales.

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