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Tim Hortons, which plans to add hundreds more stores in North America (500 of them in Canada) and the Middle East, has posted a revenue increase of 4.8 per cent in the latest quarter.
Tim Hortons, which plans to add hundreds more stores in North America (500 of them in Canada) and the Middle East, has posted a revenue increase of 4.8 per cent in the latest quarter.
(Brendan McDermid/REUTERS)

Constant craving: Global coffee industry at full perk

Coffee is on a caffeinated high these days, driving mergers among global makers, aggressive expansion by retailers on both the higher and lower rungs of the food chain, and a raft of well-capitalized new entrants.

Mondelez International Inc. and DE Master Blenders 1753 have brewed up a merger that will create a global coffee giant with combined annual revenue of more than $7-billion (U.S.). The merger of Mondelez’s coffee business, the world’s second-largest, with Dutch-based DE Master Blenders, the No. 3 purveyor, will bring such brands as Jacobs, Gevalia, Carte Noire, Douwe Egberts, Kenco, Peet’s Coffee & Tea and Senseo capsules and Tassimo coffee makers under the same roof.