Starbucks and Bolthouse Farms have entered into a definitive agreement for Bolthouse Farms to acquire brand and business of Evolution Fresh. Evolution Fresh is a producer of cold pressed juice products which was owned by Starbucks since the 2010s. The transaction will allow Bolthouse Farms to expand its beverage portfolio with cold pressed premium juices, while Starbucks will focus on growing the core Starbucks business. Vice president of Starbucks’ global …
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Starbucks, the international coffee firm, has announced that is expanding its functional beverage portfolio by launching Evolution Fresh Organic Kombucha. Acquired by Starbucks in 2011, Evolution Fresh offers cold-pressed juices and smoothies that are made by pressing and squeezing vegetables and fruits, then bottling the juice cold using high-pressure processing. Evolution Fresh Kombucha is described as a combination of selected artisanal teas that are fermented and paired with the company’s …
International coffee shop chain Starbucks has announced the launch of packaged tea in grocery stores through its Teavana brand. Starbucks said the launch of the new retail line came on the back of 14% sales growth for its Teavana and Refreshment business at US company-operated Starbucks stores in the 2018 fiscal year to date. Teavana packaged tea will be available from this summer and is set to expand across the …
Consumer goods giant Nestle has announced it has reached a deal with international coffee shop chain Starbucks, enabling it to market the latter’s retail and foodservice products across the globe. The $7.15 billion deal gives Nestle the right to market Starbucks branded products in perpetutity, enabling it to “capture exciting new growth opportunities in the rest of the world with Starbucks premium products”, the firm said in a statement. The company …
Anglo-Dutch consumer giant Unilever has announced an agreement to acquire the Tazo tea brand from Starbucks for $384 million. According to a company statement, Tazo had sales of $112.5 million in the past year and enjoys a strong position in specialty black, green and herbal teas, as well as liquid concentrates such as chai latte. “With its strong appeal to millennials, Tazo is a perfect strategic fit for our US …
The latest innovation insight from Gama Compass™ MANCHESTER – 29th January 2016: This week we focus on the stellar rise of matcha as an ingredient in new FMCG products, featuring as our case study a launch that takes the on-trend green tea powder and combines it with coconut water and high pressure processed fruit and vegetable juices to create a new health-enhancing ‘superdrink’ – Evolution Fresh Organic Coconut Matcha Smoothie. Launched …
Consumers in Japan are now able to purchase coffee in a metal bottle under the Starbucks brand. The new product is manufactured by Suntory and is the company’s first canned coffee for the Japanese market. Launched on the 25th August, the new launch is called Black Coffee Pike Place Roast and replicates a product that is also sold at Starbucks coffee stores in Japan. Claimed to contain no calorie, fat …
Starbucks has announced it will partner with Taste Holdings for the opening of its first outlets in South Africa in 2016. According to a company statement, the license agreement sees Taste owning the exclusive rights to develop Starbucks retail outlets in South Africa and it will own and operate the stores directly. “We are proud to be bringing Starbucks to South Africa next year,” said Kris Engskov, president, Starbucks Europe, …
Starbucks is to start selling an exclusive smoothie line in 4,300 outlets across the US through a partnership with the dairy giant Danone, according to a report in 4-Traders. The new product will reportedly feature Starbucks’s Evolution Fresh Juice blended with a Dannon Greek yoghurt and will be sold at shops in Washington State, Oregon, Alaska, Northern California and Idaho. Priced at $5.95 for a 16-ounce size, the smoothies will …
Starbucks has announced the signing of a partnership with Taiwanese food and beverage producer Tingyi Holding Corp to expand distribution of its products in China. Under the terms of the agreement, Tingyi, the second largest seller of drinks products in China, will manufacture and sell the Starbucks RTD portfolio in China and help the American brand to expand its distribution in the beverage market. Meanwhile Starbucks is to be responsible …
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