May 5, 2015, 6:52 AM
- Mondelez International (NASDAQ:MDLZ) and D.E. Master Blenders (OTC:DEMBF) land conditional approval from the European Commission on their proposed merger after agreeing to divest a few brands in certain regions.
- The newly-created Jacobs Douwe Egberts is expected to strike revenue of more than €5B ($5.56B).
- Pierre Laubies will be the pure play coffee company's CEO.
Jul. 15, 2013, 2:54 PM
In fierce competition for picky customers, coffee companies in need of premium beans are increasingly lending support to Asian and African farmers. "There is a struggle for resources," says Oxfam's Frank Mechielsen. "Companies are afraid they won't have enough supply in the future." Magnifying shortages is the rush of companies jumping into the high-end single-serve market, expected to grow more than 50% to $12.6B by 2015. Among the companies attempting to secure first-rate beans: Nestle (NSRGY.PK), Mondelez (MDLZ), and D.E. Master Blenders (DEMBF.PK).| Jul. 15, 2013, 2:54 PM | 4 Comments