Nestle (Malaysia) Berhad will be investing over RM100mn (US$24mn) to establish the world’s largest Milo Manufacturing Centre of Excellence, but it will also lead to Milo production at one existing site halting.
New Singaporean retail-tech startup teapasar aims to use unique new ‘tea-fingerprinting’ technology revolutionise the way the world buys and consumes their tea.
Vertically integrated and socially-conscious tea company, Vahdam Teas, secured $2.5m in its Series B funding round led by Fireside Ventures to ramp up its customer acquisition rate and fuel its direct-to-consumer business in the US.
“Our goal is to transform Dunkin' into a beverage-led, on-the-go brand.”
In a week of major changes, Dunkin’ Donuts confirmed it’s dropping the ‘Donuts’ from its name, launches its first canned RTD beverage and announces a limited edition coffee beer in collaboration with Harpoon Brewery.
Foreseeing that hojicha will become one of the most popular tea varieties, Canadian start-up Hōjicha Co is devoting its resources to sell only hojicha products.
Coca-Cola Amatil and The Coca-Cola Company have announced a joint acquisition of a 45% minority interest in Australia’s Made Group, which is behind beverage and dairy brands such as Cocobella, Rokeby Farms, Impressed and NutrientWater.
Costa Coffee’s attempt to poke fun at the trendy avocado has backfired, with the UK’s advertising watchdog banning its radio ad for discouraging the selection of fresh fruit.
'There is much innovation in this space, so this is a step in the right direction for Lavazza': Euromonitor
Italian coffee company Lavazza has announced its acquisition of Mars Drinks, the coffee division of Mars Inc. The deal is expected to be finalized by the end of 2018.
FrieslandCampina Kievit says there is ‘tremendous opportunity’ for innovation in categories such as instant coffee, iced coffee and milk tea in the Philippines: opening its new ‘Innovation Kitchen’ in Manila to explore the possibilities.
Record low coffee prices in Central America are leaving smallholder farmers struggling to cover basic production costs. Starbucks announced it would invest $20m in its coffee growers to mitigate the crisis, “making a positive impact on the lives of many.”
Coffee brand Rise Brewing Co. has introduced a line of ready-to-drink nitro cold brew lattes, including two flavors made with oat beverages. Consumer demand and ‘flavor profile’ drove the decision to use dairy alternatives, the company said.
When buying a bottle of ready-to-drink coffee, it's not just about caffeine — many US consumers gravitate to options that provide antioxidants, probiotics, and brain health benefits.
Latin America's coffee market is under intense pressure due to low future prices, a record crop from Vietnam and global over-supply, so cooperation and specialization will be key, says a commodity expert.
The banning of single-use plastic straws gained a lot of traction across the US this summer, with major companies like Starbucks, McDonald’s and Disney at the forefront. But experts say straws are just the ‘tip of the iceberg’ and brands could be doing...
