Dutch coffee giant JDE Peet's has seen a resurgence of its hospitality turnover in the second quarter. Nevertheless, its sales growth came primarily from home consumption.
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JDE Peet's, the parent company of Douwe Egberts, sold significantly less coffee outside of the home last year. However, a rise in consumption at home largely compensated for the loss in turnover.
Coffee and tea giant JDE Peet's (Douwe Egberts) wants to significantly increase the production of aluminium coffee capsules in the coming months. Partly as a result of the corona crisis, demand for such capsules is rising sharply. Competitor Nestlé (Nespresso) also announced a production increase earlier.
Coffee and tea giant JDE Peet's saw the drop in out-of-home coffee consumption compensated by a rise in home consumption, where customers seem to prefer more expensive coffees.
As of today, JDE Peet's, the parent company of Douwe Egberts and Senseo, is listed on the stock market. The company has raised 2.25 billion euros already, making it the largest IPO of the year.
Coffee brand Douwe Egberts is no longer available in many Colruyt and OKay branches, as price negotiations between the two parties continue to drag on. In order to be able to live up to its lowest price guarantee, the retailer from Halle is trying to gain maximum benefit.
Illycaffè is looking to expand by opening more of its own coffee bars. To that end, the Italian coffee manufacturer is looking for a partner with retail experience. This could spell good news for Nestlé or Douwe Egberts, both of which have had their eye on their Italian competitor for some time.
Coffee brand Illy has signed a licensing agreement with JAB, the company that houses Douwe Egberts. They will be producing and distributing Illy aluminum capsules. For Illy, the capsules are a new addition to the product range.
There is no end to the consolidations in the coffee branch: both JAB (Jacobs Douwe Egberts) and Nestlé have expressed interest in Italian coffee maker Illycaffè, but it is not sure if the family owners want to sell.
Sandwich formula Pret a Manger is now part of JAB, which also owns Douwe Egberts and Krispy Kreme. The company paid 1.7 billion euro for the chain and targets international growth.