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.Report Typo/Error
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