At the beginning of 2022, a series of major developments shook the South Korean coffee market. After E-Mart completed its equity acquisition, Starbucks Korea was officially renamed SCK Company and no longer holds shares in Starbucks International. Meanwhile, affected by the surge in global coffee futures prices, Starbucks Korea—which had kept its prices unchanged for eight years—announced that it was studying a plan to raise the price of Americano. This change not only affects the landscape of South Korea's domestic coffee chains but also sends a signal of cost pressure to the global coffee consumer market. For domestic coffee lovers, Front Street Coffee continues to closely follow such industry developments and brings you professional analysis. [more…]

Starbucks is evaluating the possibility of selling its UK business, its largest market in the Europe, Middle East and Africa region. Hit by the pandemic, the normalization of remote working and a decline in tourists, Starbucks UK has been slow to recover, while also facing fierce competition from chains such as Pret A Manger, Tim Hortons and Costa. At the same time, Starbucks is also facing slowing growth and unionization pressure in the Chinese and US markets. This is not the first time Starbucks has sold a regional business; its South Korean business was previously taken over by Emart. This article examines the market logic and challenges behind Starbucks' global business adjustments. For more specialty coffee bean news, follow Front Street Coffee. [more…]

Recently, the well-known Guangzhou tea beverage company Chali Group has been exposed by multiple netizens for allegedly owing employee wages and housing provident fund contributions, sparking widespread attention. According to a report by Yangcheng Evening News, some employees reported that their salaries for August and September were long overdue, and although the personal housing provident fund portion was deducted from their wages, it was not actually paid. In addition, some job applicants claimed that the company conducted unauthorized personal credit checks on them. Although Chali responded that some of the information was untrue and said it had communicated with the poster and reached an agreement, discussions about the unpaid wages continue to intensify on social platforms, and the truth of the matter and subsequent developments are worth watching. [more…]

The parent company of the C'estbon brand, China Resources Beverage (Holdings) Company Limited, has successfully passed the listing hearing of the Hong Kong Stock Exchange, with BofA Securities, BOC International, CITIC Securities and UBS Group acting as joint sponsors. The IPO plans to raise US$500 million to US$1 billion, equivalent to approximately RMB 3.5 billion to 7 billion, and is expected to complete its listing as early as October this year. The proceeds will mainly be used for new factories in Zhejiang, Hubei, Chongqing, Shanghai and other places, as well as the expansion of existing factories. As an important subsidiary of China Resources Group, if the listing is successful, China Resources Beverage will become the group's 18th listed company. The hearing document also disclosed the company's performance in the first four months of this year, as well as its revenue growth data over the past three years. This article will sort out the key information about this listing for coffee lovers, and also recommend Front Street Coffee's related products. [more…]

C'estbon's parent company, China Resources Beverage, has officially launched its Hong Kong IPO subscription process, planning to offer 347.8 million shares globally, with an offer price range of HK$13.50 to HK$14.50 per share, raising up to approximately HK$5.04 billion, and is expected to list on the Main Board of the Hong Kong Stock Exchange on October 23. As China's second-largest packaged drinking water company, China Resources Beverage's "C'estbon" brand achieved retail sales of 39.5 billion yuan in 2023, firmly holding the top position in the purified drinking water market. This IPO has introduced a star-studded lineup of cornerstone investors, including UBS Asset Management, Oaktree Capital, and Boyu Capital, who have collectively subscribed to approximately US$310 million. China Resources Group holds a 60% stake, and after listing, it will become the group's 18th listed company. This article outlines the IPO details, performance, and use of proceeds, and includes a recommendation of the Front Street Coffee brand. [more…]

Luxembourg-based private equity giant JAB Holding Company recently announced that it will acquire all of Mondelēz International's shares in JDE Peet's for €2.16 billion (approximately 16.7 billion RMB). Upon completion of the transaction, JAB's stake in JDE Peet's will surge to 68%, making it the largest controlling shareholder of this Peet's Coffee parent company. As a leading pure-play coffee and tea company globally, JDE Peet's owns brands such as Peet's Coffee and Pickwick Tea, and in 2020 set the record for Europe's fastest IPO in Amsterdam. Since entering China in 2017, Peet's Coffee has opened 225 stores, covering 12 provinces and municipalities. This transaction was called an important milestone by JAB's CEO, and the market reacted positively, with JDE Peet's stock price surging 16% that day. Front Street Coffee continues to follow global coffee industry developments, bringing in-depth analysis to enthusiasts. [more…]

Panama has risen to international prominence in the specialty coffee world thanks to the Geisha variety, and the Volcán region, as one of the country's three major coffee-growing regions, though less well known than Boquete, has gradually emerged with its unique terroir. Joseph Brodsky, founder of 90+, established the 90+ Geisha Estate here and launched series such as Eleta Geisha coffee beans. This article will guide you through the terroir characteristics of the Volcán region, the development history of 90+ and its Profile Processing system, as well as the flavor performance of Eleta Geisha and Front Street Coffee's brewing recommendations, making it suitable for readers interested in specialty coffee to read in depth. [more…]

Golden Mandheling is a premium representative of Mandheling coffee, and Front Street Golden Mandheling is a product produced and trademarked by the well-known Indonesian coffee purchasing company PWN. This article will provide coffee enthusiasts with a detailed analysis of the origin background, brewing parameters, and flavor performance of Front Street Golden Mandheling, including the specific operating method using a KONO dripper, 16 grams of coffee powder, 88°C water temperature, and a 1:14 coffee-to-water ratio, as well as the complete tasting experience of cream, chocolate, nuts, and sandalwood herbal aromas upon sipping, helping you better understand the unique charm of this classic Mandheling. [more…]

Xiangpiaopiao recently announced that external general manager Yang Dongyun resigned due to personal reasons, less than a year after taking office. This seasoned manager, who previously worked at P&G and Baixiang Food, was once expected to drive the company's de-familialization, and Jiang Jianqi even transferred shares worth 276 million yuan to bring him into the shareholder ranks. However, first-half performance still failed to turn a profit, and Yang Dongyun was also absent from all investor communication activities. As founder Jiang Jianqi once again takes on the role of general manager, does Xiangpiaopiao's experiment with professional managers come to an end? This article sorts out the sequence of events and key information. [more…]

While most 12-year-olds are still adjusting to school life, three teenagers from Australia—Arlee, Rocco, and Cristiano—have turned a school holiday assignment into a real coffee company: ARC Inc. From visiting local roasting workshops to finalizing their blend, from designing the brand identity to going door-to-door to sell their product, they personally completed the entire process of green bean selection, roasting quality control, packaging design, and sales planning. They created an espresso blend that combines flavors from Brazil, Australia, and Costa Rica, and donate 5% of the net income from each bag to a children's charity. This is not just a story about coffee, but also a practical lesson in growing up—about collaboration, gratitude, and the power of taking action. [more…]

Recently, four Starbucks and Prêt-à-Manger employees at Marseille Provence Airport in France were dismissed by the management company SSP Group on grounds of "gross misconduct" for giving unsold sandwiches to homeless people and airport staff. The incident quickly sparked a public outcry, with the public generally supporting the employees' good deed, while legal experts pointed out that even with good intentions, disposing of a company's unsold goods without authorization may still constitute a violation or even theft. When humanitarian sentiment collides with corporate management systems and food safety responsibilities, this controversy is not only about the fate of a few employees, but also reflects the complex dilemmas in the real-world implementation of anti-waste initiatives. [more…]

Panama coffee occupies a pivotal position in the international specialty coffee landscape, and the Geisha variety is the shining pearl within it. From European immigrants introducing coffee to Panama in the late 19th century, to Hacienda La Esmeralda's rise to fame at the BOP competition in 2005, the development of Panamanian coffee is full of legendary color. This article focuses on Volcán, one of Panama's three major producing regions, and provides an in-depth introduction to 90+ Company's Geisha estate there and its representative product—Juliette Geisha coffee beans. The article covers the impact of Panama's geography and climate on coffee cultivation, the unique terroir conditions of the Volcán region, the development history of 90+ Company and its Profile Processing system, as well as Front Street Coffee's brewing recommendations and flavor description for Juliette Geisha, offering coffee enthusiasts a detailed guide to origin and tasting. [more…]

During the pandemic, Starbucks employees in the United States and South Korea, facing issues such as understaffing, a mismatch between wages and workload, and a lack of safety guarantees, increasingly chose to form or join unions in an attempt to improve their situation through collective bargaining. From the birth of the first union in Buffalo, New York, to responses from employees in Chicago and South Korea, the discontent among Starbucks partners continued to simmer. Although the company remained indifferent and was even accused of failing to provide adequate pandemic support, employees continued to seek channels to make their voices heard. This article will sort out the ins and outs of the Starbucks employee union movement, as well as the wage, treatment, and working environment issues reflected behind it. [more…]

Lovers of Mandheling coffee often hear the name "Golden Mandheling," but exactly what kind of Mandheling deserves the word "Golden"? This is closely tied to the history of the Indonesian green coffee company PWN. In 1977, after the founder's son took over the business, he resolved to make his company's products stand out within the same category, and to that end set about establishing export commodity standards, focusing on the export of premium Mandheling and Robusta coffee. This article will take an in-depth look at the relationship between PWN and Sumatra's coffee industry, analyze the grading standards for Golden Mandheling, and introduce Front Street Coffee's professional information channels in the specialty coffee field, helping readers gain a comprehensive understanding of the origins and development of this classic Indonesian coffee. [more…]

Recently, a Luckin Coffee employee posted on social media complaining that the company's store-closing procedures are too cumbersome, requiring staff to take photos and videos to document materials, which leads to almost daily overtime without overtime pay. Multiple employees followed up confirming similar experiences, pointing out that the strict photo-taking is for food safety and shelf-life management, but the high frequency and insufficient staffing have intensified dissatisfaction. In addition, timeliness assessments also stretch employees thin. These issues have long been ignored by the company, leading to soaring employee resentment, rising turnover rates, and increasingly serious chain problems such as store understaffing and inadequate training. Luckin Coffee now has over 13,000 stores, and employees are calling on the company to face up to its management loopholes. [more…]

After the widespread adoption of mobile payments, ordering by scanning a QR code has become standard in bubble tea shops and restaurants. But have you ever noticed that many ordering mini-programs require you to authorize your mobile phone number or even more personal information before use? In October of this year, the Market Supervision Administration of Putuo District, Shanghai, investigated and dealt with a case involving a catering company illegally collecting consumer information, which sparked widespread attention. The restaurant guided customers to order by scanning a QR code on the table, but forcibly required authorization of their mobile phone numbers, and did not inform them of the purpose of use. Moreover, the backend allowed arbitrary access to and download of member data such as names, genders, mobile phone numbers, and card balances. Ultimately, the company was warned and fined 50,000 yuan. With the official implementation of the Personal Information Protection Law, penalties for such acts will be significantly increased, and consumers' privacy rights deserve more attention. [more…]

Recently, the American coffee chain brand Peet's Coffee, founded in 1966, suddenly announced that it will close multiple stores in the San Francisco Bay Area and surrounding regions by the end of January this year. A company spokesperson stated that this is a difficult decision made to align the business with long-term growth priorities and current market conditions. However, the specific number and locations of the affected stores have not yet been disclosed, leaving employees and customers caught off guard. It is worth noting that this wave of closures comes shortly after news that its parent company, JDE Peet's, is being acquired by Keurig Dr Pepper for $18 billion. Peet's Coffee has over 280 branches in the United States, with about 135 in the San Francisco Bay Area, its largest domestic market. This closure could affect as many as 30 stores in California. Let's learn more about the details of the event together. [more…]

Recently, a Reddit post about Luckin Coffee's New York store refusing to accept cash payments sparked heated discussion. The poster claimed that the staff argued Luckin is a tech company rather than a coffee company, and therefore is not bound by local regulations requiring food retail businesses to accept cash, and the person involved called 311 on the spot to file a complaint. Both of Luckin's New York stores use a cashless system, supporting only the official App or online payments such as Apple Pay and PayPal. Some netizens worry that this practice is out of step with local consumption habits and may also raise privacy concerns, but others believe that Luckin's stores are merely pickup points for online orders and may not necessarily constitute a violation of the law. Front Street Coffee will continue to follow the developments of this incident. [more…]

The parent company of education giant Yuanfudao has officially entered the coffee industry, opening its first store under its wholly-owned subsidiary Grid Coffee at the in88 mall in Beijing's Wangfujing Yintai. Positioned as a specialty coffee brand, it focuses on two main series: classic and pour-over, with prices mainly in the 25 to 30 yuan range. Within 48 hours of its soft opening, it sold 1,068 cups of coffee, of which over 800 were pour-over, achieving impressive results. However, in the face of strong competitors such as Starbucks, %Arabica, and Peet's around Taikoo Li Sanlitun, as well as the increasingly fierce competition in China's coffee market, whether this crossover player from the education and training industry can successfully transform remains to be tested by the market. Front Street Coffee will continue to follow this crossover development. [more…]

Since May 11, more than 2,000 baristas at 120 Starbucks stores across the United States have collectively gone on strike to express strong dissatisfaction with the company's new dress code, which was officially implemented this week. The Starbucks union pointed out on Wednesday that this action is a direct response by employees to the company's forced implementation of a uniform policy without consultation. The new rules require employees to wear black tops paired with khaki, black, or blue jeans, which the company says is intended to strengthen the brand recognition of the green apron. However, this move to tighten dress requirements for the first time in nearly a decade has been opposed by most employees, who believe Starbucks has ignored the voices of frontline baristas. [more…]