coffee

Financing

Dutch Bros wants to raise $400M in its IPO

The drive-thru coffee chain set terms for its offering, which would give the company a valuation of over $3 billion.

Workforce

Employees of a 20-unit cafe chain vote to unionize

Colectivo Coffee's 440 employees will now be represented by local affiliates of the International Brotherhood of Electrical Workers.

The coffee giant brings back the long-running fall favorite along with a pumpkin-themed cold brew and other treats.

The coffee-and-doughnut chain has been gradually improving, behind cracked eggs, new coffee and a loyalty program.

The coffee giant has shifted its business over the past 18 months, with a lot more drive-thru sales and mobile orders, cold drinks and alternative milk, says RB’s The Bottom Line.

The coffee giant is selling its stake in the market to its joint venture partner E-Mart and a new investor GIC Private Limited.

The coffee giant recorded record sales and profits last quarter as customers ordered more Nitro Cold Brew and Refreshers.

The company also said it is donating $1.7 million to 16 food banks across the U.S. where it has community stores.

A look at the coffee sector, which had a difficult 2020, according to the Technomic Top 500 Chain Restaurant Report.

The plant-based product is available in just a handful of states, but the coffee chain said it continues to work with Beyond Meat.

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