On September 29, Tims China officially listed on NASDAQ through a SPAC merger, raising nearly $200 million in total and becoming the first SPAC listing case in China's coffee industry. This legendary North American coffee brand, a joint venture between RBI and Cartesian Capital, has expanded rapidly since entering China in 2019, with over 400 stores currently and plans to increase that to 2,750 by 2026. Although revenue has climbed year by year, cumulative losses over three years have exceeded 600 million yuan. Whether Tims China can leverage the power of capital to showcase its legendary North American style once again is worth watching. [more…]

Great changes are taking place in the coffee industry. This year, the news of the potential sale of Starbucks China has caused a great stir in the industry. The list of potential bidders is long and impressive, including Carlyle, Hillhouse, Primavera [more…]

In recent years, competition in the tea beverage industry has extended from product innovation to capital operations. As a leading brand, Mixue Bingcheng has not only accelerated regional layout and supply chain development, but also further expanded its business territory by establishing Xuewang Investment Co., Ltd. and taking a stake in Guangdong Huicha Catering Management Co., Ltd. Guangdong Huicha has secured a firm foothold in the market with its original golden-burnt pearl milk tea, and this investment is also Xuewang Investment's first external investment. Meanwhile, brands such as Heytea and Chayan Yuese have also embarked on the capital path one after another, seeking richer business models through investment and mergers and acquisitions. This article sorts out the brand dynamics, investment details, and industry trends of Mixue Bingcheng's subsidiary brands, providing in-depth observations for coffee and tea beverage enthusiasts. [more…]

A major shift is coming to the coffee machine industry. The De'Longhi Group has announced that it will merge the high-end Italian espresso machine brand La Marzocco with the Swiss fully automatic coffee machine manufacturer Eversys to form a new business group focused on the research, development, and sale of coffee machines. De'Longhi paid approximately US$374 million to acquire shares in La Marzocco, and through De'Longhi Industrial indirectly holds a 62.6% stake, becoming its largest shareholder. The two brands will retain independent operations and their existing management teams, and the new group will establish an independent board of directors reporting directly to the CEO of De'Longhi. How will this integration affect the landscape of the high-end coffee machine market? What does it mean for coffee enthusiasts and cafe operators? This article will sort through the details of the deal, the background of the brands, and the outlook for the future. [more…]

A piece of major news quickly spread through the coffee community: Luckin Coffee's largest shareholder, Centurium Capital, has won the bid for Blue Bottle Coffee and is about to complete the deal with Nestlé. According to LatePost, Centurium will buy Blue Bottle's global stores, while Nestlé will retain the coffee machine and capsule businesses. 36Kr further revealed that the transaction price is less than $400 million, and the agreement has been signed but the deal has not yet closed. Centurium's move is seen as an important step into the high-end specialty coffee market, and it has also sparked widespread speculation in the industry about the future direction of Luckin's brand integration. This article will sort out the details of the transaction, the reactions of all parties, and Centurium's previous history of contact with brands such as Starbucks, Costa, Mstand, and %Arabica. [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…]

In the specialty coffee world, the term "frog bean" may be niche, but it points to a rigorous environmental certification system—Rainforest Alliance certification. Coffee beans bearing the green red-eyed tree frog logo mean that everything from cultivation to processing meets ecological protection and social responsibility standards. This article will walk you through the origins of the Rainforest Alliance, its merger with UTZ, the specific contents of the certification criteria, and why the red-eyed tree frog was chosen as the logo. We will also introduce the rare coffees currently on the market that have obtained this certification, including Front Street Coffee's Panama Diamond Mountain and Jamaica Clifton Mount Estate Blue Mountain No. 1, to help you understand the flavor and value behind "frog beans." [more…]

For those looking to enter the specialty coffee industry, SCA certification is a topic many cannot avoid. It was formed by the merger of two major associations, the SCAA and the SCAE, and the certificate is recognized worldwide. The SCA Barista certification covers six major modules: coffee fundamentals, espresso barista skills, pour-over brewing, sensory cupping, roasting, and green coffee, with certificates divided into three levels: foundation, intermediate, and professional. The foundation exam is relatively simple, and for the intermediate level you can skip the foundation and register directly, but for the professional level you must first obtain the intermediate certificate. Does earning the certification mean a higher salary? Is the course really worth taking? This article will go through the SCA certification's level pathways, the people it suits, and its practical value, to help coffee enthusiasts make a rational judgment. [more…]

Italian century-old coffee brand Lavazza recently made a wholly-owned acquisition offer to French online coffee retailer MaxiCoffee, aiming to strengthen its market position in France and in the e-commerce sector. As France's number one online sales platform for coffee beans and equipment, MaxiCoffee carries more than 350 brands, over 8,000 products and 60 offline sales points. This acquisition is a continuation of Lavazza's international expansion strategy, after the group had previously brought brands such as Carte Noire and Kicking Horse Coffee into its fold. After the acquisition is completed, MaxiCoffee will remain independently operated, with its capital jointly held by the founder, private equity groups and others. This article will sort out the details of the transaction, the backgrounds of both parties and Lavazza's global acquisition map, and also look at its development goals in the Chinese market. [more…]

Bloomberg recently reported that Luckin, China's largest coffee chain, and its core investor Centurium Capital, are setting their sights on Blue Bottle Coffee, the specialty coffee brand under Nestlé, aiming to boost overseas market recognition and move into the high-end specialty segment. At the same time, Luckin has also expanded its acquisition options to the operator of %Arabica in China. Previously, Luckin had followed up on Coca-Cola's planned sale of Costa, but that bidding has faced the risk of falling through. A string of acquisition moves has led netizens to jokingly call Luckin the "Anta of the coffee world," while some worry that Blue Bottle's brand tone could be affected after being acquired. The related talks are still at an early stage, and whether a deal can ultimately be reached remains uncertain. [more…]

The fate of Starbucks in Russia has finally been settled. From suspending operations in March of this year to announcing its exit from the market in May, 130 stores were once at a standstill. At the end of July, Russian rapper Timati announced via social media that the local catering company Pinskiy&Co had successfully completed the acquisition of Starbucks' assets in Russia. The new brand name and logo have not yet been determined, but the first store is scheduled to open in August, and the number of stores will exceed 200 by September. What are the details behind this acquisition? How will the new brand make a fresh start? This article takes you through the entire course of events. [more…]

Bialetti, Italy's national brand famous for its moka pots, has recently been reported to be fully acquired by Nuo Capital, a private equity fund under Hong Kong's Packcheng Group, in partnership with the founding family of Hermès. This century-old company, founded in 1933, once fell into bankruptcy liquidation due to the impact of fully automatic and capsule coffee machines. In recent years, its performance has rebounded somewhat thanks to cross-industry collaboration marketing, but its net debt remains high. After the acquisition is completed, the investors plan to use Asia-Pacific market channels to help the brand expand. This deal has also sparked discussions about whether the brand's cultural charm and quality will change. Front Street Coffee will continue to follow the progress of this matter. [more…]

Global food giant Nestlé has announced it will acquire Starbucks' Seattle's Best Coffee brand, a move seen as an important step in Nestlé's continued push to expand in the North American coffee market. This is not the first collaboration between the two companies—in 2018, Nestlé paid $7.15 billion for distribution rights to Starbucks' retail business. The acquisition will further enrich Nestlé's coffee brand portfolio in North America and is expected to be completed by the end of 2022. At the same time, Nestlé has completed several acquisitions this year and launched a new coffee sustainability plan. [more…]

Starbucks' "0.01 yuan for two Flat Whites" promotion sparked controversy after coupon distribution failed and orders were automatically refunded, triggering a wave of dissatisfaction and complaints from netizens, with the Shanghai Consumer Council stepping in to communicate. Starbucks China denied allegations of "order cancellation" and "zero-cost customer acquisition," stating that it had fulfilled over 10,000 orders, while more than 900,000 orders were not completed. Lawyers pointed out that once consumers pay successfully, a contract is formed, and Starbucks' unilateral cancellation may constitute a breach of contract. The incident is still unfolding, and the Consumer Council has not yet released the investigation results. [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, news about Luckin Coffee opening franchises has been circulating online, drawing attention from many consumers and entrepreneurs. However, Luckin officials quickly clarified: no form of franchise cooperation is currently open, and all so-called franchise and agency information is false. From counterfeit stores in Bangkok, Thailand to scam tactics using homophone accounts, the knockoff problem keeps emerging. This article will sort out the key points of Luckin's official statement, the history of the Little Deer Tea brand's merger, and insiders' interpretation of the franchise suspension, to help coffee lovers and potential investors distinguish truth from falsehood and avoid traps. [more…]

The global coffee trade landscape is once again in turmoil. Mercon Coffee Group, which previously filed for bankruptcy protection, is about to see its Vietnamese subsidiary acquired by another major trader, Sucafina. Mercon fell into financial crisis under multiple pressures, including pandemic-related logistics disruptions, weather disasters in Brazil, price volatility, and rising financing costs, and ultimately filed for bankruptcy in New York, with total debts reaching as high as US$363 million. Sucafina's move comes at a time when robusta coffee prices have surpassed US$4,000 per ton, and industry observers widely believe it is aimed at expanding its robusta business in Vietnam. If the acquisition is completed, Sucafina's production capacity and influence in Vietnam will increase significantly, and Vietnam's international standing in coffee is also expected to be strengthened as a result. [more…]

Costa, the UK coffee chain that Coca-Cola acquired for £3.9 billion in 2018, may now be put up for sale. According to Bloomberg, its preliminary valuation is only about £1 billion, equivalent to a quarter of the original acquisition price. Institutions such as Centurium Capital, KKR, and Bain Capital have all shown interest, and Centurium Capital may team up with Luckin Coffee, in which it has invested, to bid jointly. At the same time, Coca-Cola does not intend to let go completely and still hopes to retain control of Costa's ready-to-drink coffee business. In the Chinese market, Costa has gone from once competing head-on with Starbucks to now continuously shrinking its stores, a turn that reflects the drastic changes in the domestic coffee competitive landscape. [more…]

Starbucks is deeply associated with milk-based coffee drinks like lattes and cappuccinos, but it once also owned a juice brand called Evolution Fresh. Recently, Starbucks officially announced that it would sell the brand to Bolthouse Farms, allowing it to concentrate more resources on growing its coffee beverage business. The deal involves nearly 300 employees and is expected to be completed later this year. From a high-priced acquisition in 2011 to its resale now, the fate of Evolution Fresh reflects Starbucks' strategic swings under different leaders. This article will sort through the ins and outs of this sale, and how Starbucks, after Schultz's return, is refocusing on the U.S. coffee market and responding to the wave of unionization. [more…]

Suning Xiaodian's first dedicated coffee shop has begun trial operations in Nanjing, marking Suning's official move to step up its presence in the coffee market. The store adopts a "convenience store + coffee" model, offering 27 beverages across five major categories, including coffee, tea drinks, and frozen treats, with prices ranging from 12 yuan to 28 yuan. Leveraging the network advantages of more than 5,000 Suning Xiaodian stores nationwide and operational data within a three-kilometer radius, Suning Coffee has clear competitiveness in customer acquisition and daily operations. This is also Suning's fourth format for expanding coffee consumption scenarios, following vending counters, express delivery, and unmanned self-service machines. As players such as Mengniu, Nongfu Spring, Coca-Cola, Sinopec EasyJoy, and OYO successively enter the market, the battle for the coffee market has gained another variable. [more…]