Starbucks commits to $1.5bn annual spend
US coffee chain announces new target to support the growth of small BIPOC community businesses and reinforces its commitment to fostering inclusion and diversity across its US workforce.
Israel’s Aroma coffee chains to merge
Israeli coffee chains Aroma Israel and Aroma Tel Aviv are set to re-join forces after parting ways more than two-decades ago. Originally founded as the Aroma café chain in 1994 by brothers Yariv and Shahar Shefa, the company became two separate entities in 1999 after a disagreement between the siblings.
India’s Third Wave Coffee secures $6m investment
Indian boutique coffee chain Third Wave Coffee has secured $6m investment to help facilitate its ambitious expansion plans. New investors include Sujeet Kumar, co-founder of Indian B2B trade platform, Udaan, Arpan Sheth, a senior leader at management consultants, Bain & Company, and Ayyappan Rajagopal, CEO of flight booking website, Cleartrip.
Dutch coffee chains forge new franchise group, Caféco
Doppio Espresso, Chocolate Company Cafe and Barista Cafe form new Dutch franchise group comprising 67 stores in an effort to pool resources and support growth in the ‘fragmented’ Dutch coffee shop market.