Tchibo’s 2007 sales fell by seven percent on the year to 3.559 billion euros. Earnings before interest and tax (EBIT) fell 38 percent to 110 million euros. The fall was partly due to the company’s withdrawal from the French and Dutch markets but German retail sales were also slow.
Tchibo expected a fall in 2008 turnover, partly because of restructuring, Finance director Yves Mueller said at a news conference. The company plans to open over 400 coffee shops in east Europe with countries earmarked for expansion including Russia, Ukraine and Romania, Mueller said.
Tchibo’s east European sales increased by around 30 percent in 2007, with strong performances achieved in countries including Poland and the Czech Republic. It currently has 80 east European coffee shops including in Turkey. Tchibo maintained its leadership in Germany’s roast coffee market in 2007, said Mueller. It concentrated on higher quality coffee and was able to achieve higher prices than rivals while holding sales volumes, he said. Read the rest of this entry »
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About seven years ago, you might’ve found David Myers shooting photos off of oil platfor
ms in the Gulf of Mexico or waiting for the Coffee perfect shot in an open heart surgery.
Most days now, the commercial photographer is running his Ann Arbor business, Mighty Good Coffee Roasting Co., out of a red barn north of downtown where he said he’s found the perfect blend of art and science.
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Italian manufacturer Victoria Arduino will present the Adonis traditional espresso machine to the UK market. The handmade espresso machine is easy to use and suitable for all outlets, the company claims.
Also at the show will be the second-generation Swiss-manufactured Black & White coffee machine, featuring an enlarged brewing chamber to produce a range of espresso-based drinks.
Other features include espresso consistency control, a touch-screen with LCD display, a facility for foil-wrapped portion pods, and a barista-friendly single steam wand with temperature control. Read the rest of this entry »
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As John Derkach, the boss of Costa, Britain’s biggest coffee-bar 
chain, gets up to greet his guests at one of the business’s newest outlets in London’s Holborn, he surveys the room.
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