Get the app today! Download iPhone App Download Android App

Hot Profits – How The Tea & Coffee Sectors Are Navigating COVID-19

Published on Oct 20 2020 8:19 AM in A-Brands tagged: Trending Posts / Coffee / Rabobank / tea / Hot Drinks / Paywall

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.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email