Caffè Nero quashes EG Group
Caffè Nero has ended a takeover bid by petrol station forecourt operator EG Group after successfully completing £330m ($453m) debt refinancing. According to a report in the Financial Times, Caffè Nero has secured a six-year loan package from HSBC, Santander and Carlyle Group, alongside and undrawn credit facility of £85m that could be used to facilitate further international expansion.
Hemro Group sees ‘record’ 50% annual sales growth
Swiss coffee grinder and components maker reports healthy demand across its Professional Solutions, Component Solutions and Home Solutions businesses, but cites supply chain bottle necks as a temporary challenge.
Flash Coffee makes South Korea debut with two Seoul stores
The new retail coffee chain is continuing its expansion across Asia, entering the South Korean market and opening more stores in its native Singapore.
Aeropress Brewing Guide
Measure and grind 17g of coffee — one rounded AeroPress spoonful or about 2 ½ Tablespoons. Grind the coffee about as fine as table salt.