Costa Coffee in the red despite sales success Business Costa Coffee fell into the red despite its revenue rising by more than £100m in 2023, it has been revealed. The Buckinghamshire-headquartered business, which is owned by Coca-Cola, has reported a pre-tax loss of £9.6m for its latest financial year. The loss comes after the firm posted a pre-tax profit of £245.9m in 2022. Newly-filed [...]
Lavazza: UK sales at Italian coffee brand pass £100m for the first time Business Sales at the UK arm of coffee brand Lavazza have jumped past the £100m mark for the first time, it has been revealed. The Uxbridge-headquartered division’s turnover totalled £102.3m for 2023, newly-filed accounts with Companies House show. The new figure comes after Lavazza reported a turnover of £92.5m for 2022. The results also reveal that [...]
The Hagen Project on hygge and the future of coffee Entrepreneurship The Hagen Project wants to do coffee differently: it has no menus on the walls, no customer facing fridges or retail products, and often no seating. Sometimes it is “the coffee machine and nothing else”, founder Tim Schroeder said. “You want to sell an experience, you want to sell an emotion, you want to sell [...]