Tea: latest news, insights and analysis | ESM Magazine

JDE Peet’s Names Luc Vandevelde As Interim Chief Executive

Coffee giant JDE Peet’s has announced the appointment of Luc Vandevelde as its interim chief executive officer, effective 1 April 2024.

Coffee Group JDE Peet's Posts Surprise Growth In 2023 Operating Profit

JDE Peet's, one of the world's largest coffee companies, has reported an organic rise in 2023 operating profit, while analysts had forecast a decline,...

Bubble Tea Market Set To Grow By 8.3% Over Coming Decade

The global market for bubble tea – also known as boba tea or pearl milk tea – is expected to grow at a CAGR of 8.3% between now and 2...

Britain's Tea Supply Facing Disruption From Red Sea Crisis

Britons may have to brave a shortage of some lines of tea, one of the nation's favourite drinks, after the supermarket industry warned of a risk to supply...

JDE Peet's Announces Completion Of Maratá Business

JDE Peet's has announced the completion of its acquisition of the Maratá tea and coffee business from JAV Group, for an undisclosed amount.

JDE Peet's To Stop Selling Western Coffee, Tea Brands In Russia By Year-End

JDE Peet's will from the end of the year sell coffee and tea in Russia only under local brands, it said, as it lowered its annual earnings target, saying t...

JDE Peet’s To Acquire Maratá’s Coffee & Tea Business In Brazil

JDE Peet’s, the world’s leading pure-play coffee and tea company by revenue, has announced that it has signed an agreement to acquire the Brazi...

Hot Beverages Market To Grow At A CAGR Of 6% Over Next Decade: Fact.MR

The global hot beverages market is set to reach a valuation of $1,390 billion (€1,204 billion) by the end of 2033, a new report from Fact.MR has found...