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Chagee, a renowned Chinese milk tea chain, has reported a significant increase in its net revenues for the first quarter of this year. The figure soared to RMB3.39 billion (US$467.5 million), marking a robust growth of 35.4 per cent compared to the equivalent…
Coffee prices surged 11.3% to a historic high of VND98,100 (US$3.95) per kilogram on Wednesday as inventories dwindle and production is forecast to decline. The price represented a 110% increase from a year ago. On online coffee business forums, many farmers…
Australian coffee chain Campos will be acquired by international pureplay JDE Peet for an undisclosed sum, with the transaction expected to be completed next month. Campos serves customers through direct-to-consumer, retail, and its own flagship cafes, as…
