AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

DIL extends partnership with Costa Coffee as Starbucks renegotiates rent agreements with property owners

Aug 16, 2021Aug 16, 2021 Editor

INDIA – Devyani International Ltd (DIL), the largest franchisee of Yum Brands in India, has extended its partnership with UK-based, Coca-Cola-owned cafe chain Costa Coffee. According to ET Retail, the agreement has initially granted DIL development rights for a period of five years and is extendable from time to time subject to meeting of development and contractual obligations. While Coca-Cola acquired Costa Coffee globally three years back, in India, Costa Coffee has been operated by rival PepsiCo’s exclusive and biggest bottling partner RJ Corp-owned DIL since 2005. The arrangement between DIL and Costa Coffee makes India one…

Global fast-food chains in African barely show progress in committing to animal welfare standards

Aug 6, 2021Aug 7, 2021 Editor

AFRICA – Global Fast foods restaurants with operations in Africa have been put on the radar for not adhering to the same animal welfare standards put in place in markets abroad. Under the recently released ‘The Pecking Order 2021’, the food service operators have been ranked and awarded points across three main elements: corporate commitments, objectives and targets, and performance reporting. Based on their score, companies can sit in one of the six grades given ranging from ‘Very poor’ to ‘Leading’. The criteria underpinning ‘The pecking order’ methodology is based…

Starbucks raises full year guidance following impressive Q3 performance

Jul 29, 2021Jul 30, 2021 Editor

USA – Starbucks, the world’s largest coffeehouse chain, is now expecting fiscal earnings per share to be in a range of US$2.97 to US$3.02, up from a previous guidance of US$2.65 to US$2.75 per share following an impressive third quarter. According to a statement from Starbucks, net income in the third quarter ended June 27 was US$1.15 billion up from a net loss of US$678.4 million recorded in the same period a year ago. Quarterly revenues grew 78% to US$7.5 billion driven by a 73% increase in comparable-store sales, primarily from lapping the impact of…

Starbucks extends RTD coffee partnership with Nestlé to expand global reach of its brand

Jul 28, 2021Jul 29, 2021 Editor

ASIA/LATIN AMERICA – Starbucks is eyeing a bigger share of the global RTD coffee market and has entered a partnership with Nestlé to bring ready-to-drink (RTD) coffee beverages to select markets across Southeast Asia, Oceania, and Latin America as from 2022 through a variety of channels, including online platforms. The deal will initially focus on its most popular products such as Starbucks Frappuccino and Starbucks Doubleshot but will be expanded to include more products as the two companies have agreed to continue developing new and innovative products under the licencing agreement. As the world’s largest food company, Nestlé has…

Starbucks makes 3 executive appointments to support purpose-driven growth

Jun 18, 2021Jun 18, 2021 Editor

US – American multinational chain Starbucks has announced three new changes to its top leadership in an effort to fill vacant positions and to help the company achieve what it describes as “Purpose-driven growth”. In the new appointments, John Culver who previously served as Starbucks’ group president of international, channel development and global coffee, tea, and cocoa, has been promoted to the chief operating officer at Starbucks Corp. Culver succeeds Roz Brewer, who exited Starbucks in February to become chief executive of Walgreens Boots Alliance. In addition to being named…

20% of all Starbucks stores in Japan to be powered by renewable energy

May 20, 2021May 20, 2021 Editor

JAPAN – Starbucks Japan has announced plans to transition all 350 free-standing company-operated stores to 100% renewable energy by the end of October 2021. The transition of the stores which account for approximately 20% of the company’s portfolio are part of Starbucks global commitment to decrease carbon emissions by 50% by 2030, the company said in a statement. Starbucks says thatas of April 2021, the transition has been completed in 301 stores, and will extend to 350 locations including stores in Hokkaido, Tohoku and Okinawa by the end of October.…

Starbucks expands reusable cup program in US to cut down on waste

Apr 7, 2021Apr 7, 2021 Editor

US – American multinational chain of coffeehouses and roastery reserves Starbucks is expanding its reusable cup program in the United States in an effort to reduce single-use cup waste. The coffeehouse company said that the borrow-and-return program will run in five Seattle stores for two months as it gauges the viability of the program for a possible wider roll-out in future. The trial program called Borrow A Cup program allows customers to order their beverage in a reusable cup, each replacing up to 30 disposable cups. According to Starbucks, for…

Starbucks opens 40 new coffee stores in India as KFC doubles down on women employment

Mar 28, 2021Mar 28, 2021 Editor

INDIA – Tata Starbucks, a 50:50 joint venture between Tata Consumer Products Ltd and Starbucks Corporation, has continued its bullish expansion in India, venturing into 7 new cities and opening 40 new stores in its wake. This fiscal year has been eventful for Tata Starbucks in terms of expansion plans and reaching customers in newer cities and locations. In FY21, Starbucks opened stores in new cities such as Lucknow, Amritsar, Kochi, Ludhiana, Bhopal, Indore, and now Kanpur. Kanpur becomes the 18th city in India and second city in Uttar Pradesh…

Starbucks to cut down water usage in processing, achieve carbon-neutral green coffee by 2030

Mar 26, 2021Mar 26, 2021 Editor

US – American multinational chain of coffee houses and roaster reserves, Startbucks has doubled down on its sustainability goals, committing to achieving carbon neutral green coffee by 2030. The company, mostly known for its coffee houses, also aims to conserve water usage in green coffee processing by 50% during the same period. The company said its new sustainability goals are aimed at protecting the resiliency of its robust supply chain comprised of more than 400,000 farmers in 30 counties and to protect the planet we all share. “By reducing carbon…

Sushant Dash to take charge of Tata Starbucks as CEO Navin Gurnaney exits

Feb 10, 2021Feb 10, 2021 Editor

INDIA – Tata Starbucks, a 50/50 joint venture between Tata Consumer Products and Starbucks Corporation, has announced the appointment of Sushant Dash as CEO designate effective April 1, 2021. Dash is replacing Navin Gurnaney who Tata Starbucks said has made the decision to pursue an opportunity outside of the company. Under Gurnaney’s leadership, the company experienced accelerated growth, new city entries and store formats. During Gurnaney’s tenure, the venture also made numerous contributions related to social impact initiatives, as well as innovative product offerings. Dash will take over as CEO…