coffee

Financing

Dutch Bros Coffee says it is going public

The coffee chain said that it has confidentially filed documents for an initial public offering, the second restaurant chain to do so this year.

Leadership

Starbucks names John Culver COO

The longtime company veteran takes over for Roz Brewer, who is now the CEO of Walgreen’s. Michael Conway will take over as president of international.

The coffee giant has applied to register its name as a trademark for an athletic facility, prompting speculation it could join the list of restaurants putting their names on arenas.

With the pandemic easing, the chain will let customers bring reusable cups starting June 22 in a bid to reduce waste.

The company, backed by the private equity group TSG Consumer Partners, called a Bloomberg report of a potential offering this year “pure speculation.”

The doughnut chain, which was taken private in 2016, has confidentially filed with federal regulators for an initial public offering.

The Canadian coffee-and-doughnuts chain already has 200 locations in the country and new investors as it looks to further its global expansion.

The chain’s same-store sales grew over 2019 levels thanks entirely to higher check averages as customers ordered more items per visit.

The Chinese coffee chain, still working its way through an accounting scandal and a debt restructuring, received a $250 million infusion.

The chain is testing a “Borrow-A-Cup” program at five stores in Seattle as part of an effort to reduce overall waste.

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