That Maxwell is going to be sold? Instant coffee, are you okay?!
Professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style)
Although it is now quite common in domestic coffee shops, instant coffee still has a certain status in people's minds. For example, Nestle, which is in full swing, not long ago launched a variety of coffee capsules with Starbucks. However, the coffee brand Maxwell, which is also well known to Nestle, does not seem to be very good.
Maxwell is an American coffee brand produced by Kraft Heinz's division of the same name. Launched by wholesale grocer Joel Owsley Cheek in 1892, it is named in honor of the Maxwell Hotel, a famous hotel in downtown Nashville, Tennessee, which was destroyed by fire on December 25, 1961 (the hotel was disbanded). The coffee served at the hotel was blended by a local grocer named Joel Cheek, its first major customer.
However, according to the results just released by the century-old brand, not only is Kraft Heinz worrying, but its share price has also experienced its biggest one-day plunge of nearly 30% recently.
Maxwell used to be a leading national brand in the United States, but the local coffee market in the United States is no longer optimistic for Maxwell, which mainly sells instant coffee powder and coffee capsules. At present, the coffee market in the United States is shifting from household consumption to immediate consumption in coffee shops, in addition to the continuous expansion of coffee chains such as Starbucks, low-cost coffee has also compressed the instant coffee market-fast food chains such as McDonald's and Donndole are fighting a price war for coffee.
Last year, Kraft Heinz sold its Canadian dairy business and Indian beverage business Complan. The company said last week that it was considering selling brands that "do not have a clear competitive advantage path".
It is reported that Kraft has hired investment bank Credit Suisse to review strategic options for Maxwell Coffee Business Review. The business could get a transaction price of at least $3 billion.
However, so far, Kraft Heinz has refused to respond positively to news of a possible sale of Maxwell. Kraft Heinz spokesman Michael Mullen told Reuters that they are focusing on nurturing "competitive brands in growing, for-profit categories" and do not rule out selling assets if this option allows them to maintain normal earnings.
FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
The origin of Italian coffee, coffee culture and history, which kind of Italian coffee tastes good?
For information, please pay attention to the coffee workshop (Wechat official account cafe_style) Dali is the birthplace of coffee, the local coffee culture has its own style. If you are planning to go to a local cafe, here are six coffee cultures you should not know. For many people, coffee is the source of our productivity every day. Without drinking a cup every day, the whole person becomes lifeless. According to statistics, the whole
- Next
Starbucks denies hunger marketing, lucky to go to the US IPO again
Professional coffee knowledge exchange More coffee bean information Please pay attention to coffee workshop (Weixin Official Accounts cafe_style) One sixth of 2019 is about to pass, spring is coming, major coffee shops in addition to launching various new products in line with the season, is there any more new action? Start your coffee break today! Starbucks denies hunger marketing, cat claws
Related
- Characteristics of the origin and production areas of fine coffee in Africa Introduce the characteristics of the world's three major coffee-producing countries
- Why is the flow rate of hand-brewed coffee sometimes fast and sometimes slow? Relationship between coffee bean hardness and altitude roasting method
- Iced Coffee Daquan Detailed Tutorial Steps Fei: The difference between full ice, normal ice, less ice, and ice-free American style
- Hand-brewed coffee powder pit judges extraction problem What is the reason why coffee grounds are layered? How to solve the problem?
- What should I do if cold extracted coffee is too bitter or too sour? Analysis of the causes of over extraction and insufficient extraction of iced coffee
- Why doesn't homemade lattes taste like coffee? Latte beans and milk shopping guide Latte concentrate extraction parameters
- How do you think about the freshness of coffee beans, taste appreciation period, shelf life? Can expired coffee beans be roasted twice?
- Which is more suitable for espresso? Light roast, medium roast, and dark roast? Why is coffee fat richer?
- Why can I never finish making coffee in Turkish sand? Share Turkish coffee making steps and parameters!
- The influence of the thickness of the hand-brewed coffee powder bed on the extraction taste! What is the difference between a flat bottom and a conical V60 filter cup?