March 31 at 6:55 a.m.
Filed under:
Beverages,
Food,
Packaged foods,
Restaurants
By Reuters
A Dunkin' Donuts in Posen, Ill. (Zbigniew Bzdak/Chicago Tribune)
Private equity-backed Dunkin’ Brands Inc. is considering an initial public offering of about $500 million in the second half of 2011, sources familiar with the situation said.
The IPO could be as large as $750 million, one of the sources said. Two or the sources said that there is disagreement among the sponsors over the company’s valuation. All of the sources said the discussions are preliminary and could change. Get the full story »
Feb. 8 at 10:30 a.m.
Filed under:
Beverages,
Food
By Reuters
J.M. Smucker Co., the top U.S. packaged coffeemaker, raised prices for most of its coffee products, including Folgers, in a widely expected move as the cost of beans has soared 85 percent in eight months.
Though this was the third price increase in less than a year by the company known as the trendsetter, many in the industry have wondered how the company managed to wait so long as tight supplies of washed arabica coffee beans have continued to fuel the price rally. Get the full story »
Sep. 10, 2010 at 6:08 a.m.
Filed under:
Beverages,
Consumer news,
Food
By Associated Press
A trifecta of bad news has sent coffee futures soaring 44 percent since June, and companies like Dunkin’ Donuts, Green Mountain and Maxwell House are passing on those costs. Bad weather in South America is threatening crops. Brazil and top exporter Vietnam are talking about hoarding their stocks. And U.S. stockpiles are reportedly at 10-year lows. Get the full story »
Aug. 17, 2010 at 12:26 p.m.
Filed under:
Beverages,
Food,
Retail
By Reuters
Starbucks Corp. has no plans to hike prices, though higher coffee costs are expected to weaken profit in the upcoming fiscal year, the company said Tuesday.
The world’s biggest cafe chain repeated its fiscal 2011 profit target of $1.36 to $1.41 a share, which includes an expected hit of 4 cents primarily from higher coffee prices. Starbucks’ 2011 fiscal year begins Oct. 5. Get the full story »
