Jollibee Foods Corp is the biggest fastfood chain in the Philippines. On Wednesday, Philippines’ Jollibee Foods Corp stated it is in the process of acquiring Coffee Bean & Tea Leaf, a U.S. brand, for $100 million. In a financial disclosure… Read More ›
coffee
Nestle agrees to pay $7.15 billion in royalties to Starbucks to reinvigorate its coffee business
Nestle’s stratgic alliance with Starbucks underscores the fact that it is not shy to partner with its peers midst fast changing market conditions. On Monday, in a strategic move aimed at creating a global coffee alliance, Swiss food giant Nestle… Read More ›
Nestle deepens its investments in Cuba, lays foundation for $55 million coffee and biscuit factory
Being Nestle third joint venture, this new factory has the potential to double Nestle current turnover of $135 million in the near term. In a significant development, Nestle laid the foundation stone for a $55 million coffee and biscuits factory… Read More ›
Starbucks to hire 10K refugees from 75 countries spread across 5 years
Initially, those who have acted as support staff for U.S. troops stationed abroad are likely to be recruited. Two days after U.S. President Donald Trump issued his executives order which banned refugees from certain countries, Starbucks Corp’s CEO, Howard Schultz… Read More ›