Single-Cup Coffee Trend May Be Over
America’s favorite coffee trend is finally coming to an end Several years ago, coffee pods seemed invincible. Sales of the single-serve cups were skyrocketing, more than tripling in the United States between 2011 and 2013 alone. Sales of coffee pod machines, meanwhile, were soaring too, growing from 1.8 million units to 11.6 million between 2008 and 2013, according to data from market research firm Euromonitor. Today, however, things...
Keurig to Be Sold to Global Coffee Empire
A private equity firm will acquire Keurig Green Mountain in a $13.9 billion deal. The Vermont-headquartered company, which specializes in single-serve coffee machines, announced the deal Monday with an investor group headed by JAB Holding Co. Luxembourg-based JAB already is involved in several major coffee and beverage companies. The private firm holds the controlling stakes in Jacobs Douwe Egberts, Peet’s Coffee & Tea and...
Keurig: We’re Committed to Vermont Operations Despite Cuts
Keurig Green Mountain says it remains committed to its Vermont operations, despite cutting 200 jobs at its Waterbury, Vt., facility. The total number of jobs eliminated at Keurig operations throughout North America was 330, or five percent of its workforce. In Vermont, the figure was closer to nine percent of the company’s overall workforce, so the state took a disproportionate hit. Suzanne DuLong, vice president of corporate...
Keurig Says 200 Vt. Workers to Be Laid Off
Waterbury, Vt. — Keurig Green Mountain said most of the layoffs it announced this week will be in Vermont. A company spokeswoman said 200 of the 330 layoffs will be Vermont workers, mostly from Waterbury. She said the company has about 2,000 employees statewide. Officials stress that about 75 production jobs will be opening up at the Waterbury and Williston, Vt., facilities and some of the laid-off workers may find jobs there. The...
