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Finance
KDP faces Q3 coffee revenue decline despite growth in US refreshment beverages
KDP faces Q3 coffee revenue decline despite growth in US refreshment beverages

KDP has reported an increase in Q3 net sales of 2.3% to $3.89 billion, with a steady performance in US refreshment beverages.

Finance
Starbucks suspends guidance for FY2025 amid sales slump, CEO calls for major changes
Starbucks suspends guidance for FY2025 amid sales slump, CEO calls for major changes

Starbucks has halted its financial guidance after releasing results that revealed a decline in revenue and a drop in quarterly earnings.

Finance
Conab forecasts decline in Brazil's 2024 coffee production
Conab forecasts decline in Brazil's 2024 coffee production

The Companhia Nacional de Abastecimento (Conab) has published its third survey on Brazil's coffee harvest for 2024.

Coffee
Local Kitchens raises $40m from General Catalyst to expand tech-enabled multi-brand restaurant model
Local Kitchens raises $40m from General Catalyst to expand tech-enabled multi-brand restaurant model

Local Kitchens, a tech-enabled restaurant company, has raised $40m in a new funding round led by venture capital firm General Catalyst.

Foodservice
Mondelēz International to invest $5m in Singapore innovation hub
Mondelēz International to invest $5m in Singapore innovation hub

Mondelēz has announced the launch of its Regional Biscuit and Baked Snacks Lab and Innovation Kitchen in Singapore, marking a significant...

Finance
Compass Group to acquire CH&CO in £475m deal
Compass Group to acquire CH&CO in £475m deal

UK foodservice company Compass Group has agreed to acquire hospitality services provider CH&CO. According to Reuters, the deal is valued...

Finance
Sidework closes new funding round
Sidework closes new funding round

US beverage provider Sidework has closed a new funding round, increasing its total raised capital to over $10 million. The round was led...

Finance
Ecotone opens €10m organic coffee and tea factory
Ecotone opens €10m organic coffee and tea factory

Ecotone, an organic and plant-based food producer, has opened the doors to what the company claims is the largest 100% organic coffee and...

Business
Britvic Ireland invests €6m in Ballygowan facility
Britvic Ireland invests €6m in Ballygowan facility

Britvic Ireland has announced a €6 million investment in its Ballygowan facility in Newcastle West, County Limerick, to increase...

Bottled water
Mondelēz raises annual forecasts as revenue increases
Mondelēz raises annual forecasts as revenue increases

Mondelēz International has raised its full-year outlook for organic net revenue growth after posting a 17% increase in second-quarter...

Business
Matthew Algie unveils multi-million-pound investment at Glasgow HQ
Matthew Algie unveils multi-million-pound investment at Glasgow HQ

Scottish coffee roaster Matthew Algie has unveiled a multi-million-pound investment at its Glasgow production headquarters. The...

Manufacturing
Odyssey completes $6.3m capital raise to support distribution growth
Odyssey completes $6.3m capital raise to support distribution growth

Odyssey Wellness – creator of Odyssey Elixir sparkling energy drink – has completed a $6.3 million Series A capital raise that will...

Finance
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