Hot Profits – How The Tea & Coffee Sectors Are Navigating COVID-19
The Tea and Coffee sectors have, like many others, been impacted by the coronavirus pandemic, although with consumers still needing their caffeine fix, producers should be able to navigate through it, as long as they remain flexible. This article is for Premium and Premium Plus subscribers only.
It's testament to the strength of the hot beverages industry that despite the COVID-19 epidemic scuppering much of the activity in the international investment sector, one of the largest initial public offerings of the year was held by a coffee giant. JDE Peet's, which includes brands such as Douwe Egberts, Kenco and Peet’s Coffee, raised €2.25 billion in its offering at the end of May, in what was the biggest food and beverage IPO since 2018.
The fact that this came at a time when both the coffee and tea industries were facing a significant impact from the prolonged closure of the HoReCa business is all the more remarkable.
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