coffee

Financing

Jacobs Douwe Egberts to merge with Peet’s and explore an IPO

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

Financing

Tim Hortons starts thinking long term

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

Active membership rose 15% over the past year following changes to the program and the addition of more marketing technology.

Sales of espresso drinks are up 40% this year, and the company said it is starting to see benefits from digital investments.

Thanks to Nitro Cold Brew and a new cold pumpkin drink, the chain’s same-store sales and traffic continued to improve.

Same-store sales fell last quarter despite new coffee drinks, plant-based sandwiches and a loyalty program.

The fast-food giant has an agreement with Keurig Dr Pepper to sell McCafe packaged coffee in retail outlets.

For most consumers, coffee is more than just a morning ritual. That’s especially true for cold coffee drinks, which are often perceived as a snack all by themselves or paired with a sweet or savory indulgence.

Ritch Allison is one of three new members of the coffee giant’s board of directors.

Caribou Coffee is introducing a new small-format location, while Starbucks is eyeing a pickup-only store.

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