Sodexo reports ‘solid’ half-year results and plans to spin off vouchers business

Pursuing robust 50 {ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a}-12 months sales growth throughout its On-web site Products and services and Advantages & Rewards Products and services divisions, Paris-based Sodexo options to spin-off the latter company to faucet into a €1tr ($1.1tr) addressable current market Sodexo reached revenues totalling €12.1bn ($13.2bn) for the 6 months ended 28 […]

Three quarters of European branded coffee shop markets grew over the last 12 months

31 out of the largest 40 European markets by outlets expanded by outlets over the past 12 months  Europe’s 20 largest branded coffee chains continue to dominate the market, accounting for 48{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} of all stores  48{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} of European industry leaders surveyed believe […]

Strong international sales boost Lavazza’s full-year revenues during ‘challenging’ 2022

The Italian espresso roaster’s 2022 revenues were being boosted by worldwide gross sales advancement and pricing restraint – but larger fees for eco-friendly coffee, packaging, freight together with a powerful greenback are likely to ‘significantly impact’ margins in the yr in advance Lavazza’s net earnings fell 9{ead4cb8c77dfcbdb67aba0af1ff8dfae0017fcc07a16fe7b51058939ac12c72a} to €95m ($104m), […]

Championing India’s coffee shop culture

India has long been a tea drinking nation but it also has deep roots as one of the world’s major coffee producers. Tata Starbucks CEO Sushant Dash speaks to 5THWAVE about flying the flag for coffee in India and how the country’s younger consumers are leading a new wave of […]