Coffee Service News
Nestle reports 6.2% quarterly sales drop
April 24, 2020
Nestle reported total sales decreased by 6.2% to CHF 20.8 billion ($21.46 billion) for the first quarter of 2020 while organic growth reached 4.3% with real…
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House approves additional $484B in COVID-19 funds for small businesses, testing, hospitals
April 24, 2020
The U.S. House of Representatives on Thursday approved $484 billion in aid to small businesses, testing and hospitals struggling from the coronavirus pandemic…
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Euvend & coffeena trade show to co-locate with Orgatec show Oct. 29-31
April 23, 2020
The euvend & coffeena trade fair, sponsored by the European Vending & Coffee Service Association and the German Vending Association, will be held Oct.
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Danone reports first quarter sales gain, withdraws 2020 guidance due to coronavirus pandemic
April 22, 2020
Danone reported a 3.7% increase in the first quarter with consolidated sales at €6.2 billion ($6.722 billion), with 2.9% growth in volume and 0.8% growth in…
read nowUS Senate approves $484 B to shore up COVID-19 aid to businesses, hospitals
April 22, 2020
The U.S. Senate passed a $484 billion Tuesday to provide additional aid for small businesses and hospitals to address the current health and economic crises…
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Parlevel Systems releases e-commerce tool for convenience service operators
April 21, 2020
Parlevel Systems has released Parlevel Run, a service that enables convenience services businesses to deliver products directly to consumers, according to a…
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NAMA’s Carla Balakgie to address virtual health summit
April 21, 2020
Carla Balakgie Carla Balakgie, CEO of the National Automatic Merchandising Association, will be a featured speaker at PHA 10: Accelerating a…
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Coffee futures surge on coronavirus stockpiling
April 16, 2020
Coffee prices rallied this past month, as global lockdowns drove consumers to stock up on home supplies, according to a CNBC report.
read nowNuzee offers free copacking to 100 roasters affected by COVID-19
April 15, 2020
Nuzee, a coffee copacker and provider of coffee packing machines, is offering free copacking on 50,000 total coffee t-bag pouches to 100 roasters…
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Keurig Dr Pepper closes $1.5 billion public offering
April 14, 2020
Keurig Dr Pepper has closed its previously-announced $1.5 billion public offering of senior notes in a transaction that was nearly 10 times oversubscribed…
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Starbucks withdraws fiscal 2020 guidance due to coronavirus
April 9, 2020
Starbucks Corp. on Wednesday withdrew its guidance for fiscal 2020 on account of the COVID-19 outbreak, according to a shareholder letter from Kevin Johnson…
read nowRoyal Cup Coffee and Tea announces layoffs due to coronavirus pandemic
April 8, 2020
Royal Cup Coffee and Tea, a roaster, retailer and coffee service provider based Birmingham, Alabama, has reduced work schedules and eliminated positions for…
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Keurig Dr Pepper announces debt refinancing
April 7, 2020
Keurig Dr Pepper announced a strategic refinancing program, intended to extend the company's debt maturities and enhance its liquidity profile, according to a…
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Nestlé partners with Rainforest Alliance, expands use of IBM blockchain
April 7, 2020
Nestlé has expanded its use of the IBM Food Trust blockchain technology platform to its Zoégas coffee brand, which is certified by the Rainforest Alliance…
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European Vending & Coffee Service Association calls for emergency aid for members
April 3, 2020
The European Vending & Coffee Service Association has called on governing organizations — the EU Commission, European Central Bank and national governments…
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Bankrupt Dean Foods auctions off its facilities
April 1, 2020
Dean Foods has found buyers for almost all of its milk-processing plants in a federal bankruptcy court-supervised auction, according to a report in The Dallas…
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Compass Group North America places some associates on temporary leave
March 30, 2020
Compass Group North America has placed some associates in all business functions on temporary leave or furlough in order to prevent job losses resulting from…
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J M Smucker names Campbell's Onell senior vice president
March 27, 2020
Cory Onell The J. M. Smucker Company named Cory Onell senior vice president, head of U.S. retail sales, effective April 27, 2020, according to a…
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Yelp findings show consumer interests in pandemic-stricken US
March 25, 2020
Yelp released its Coronavirus Economic Impact Report that shows some consumer trends developing amidst the nation's fight against COVID-19 infections…
read nowNAMA cancels 2020 show in Nashville
March 23, 2020
The National Automatic Merchandising Association has canceled its 2020 show planned for May 6-8 at Music City Center in Nashville, NAMA President and CEO Carla…
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