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How Nescafé came to dominate the instant coffee market
  + stars: | 2024-02-14 | by ( Shawn Baldwin | ) www.cnbc.com   time to read: +1 min
Soluble coffee accounts for about a quarter of the beverage consumed globally, according to Brazilian Instant Coffee Industry Association, and that number is rising. "People often think that people have stopped drinking instant coffee because we have so much specialty coffee in abundance today," said coffee expert Jake Leonti at food and beverage consulting firm F+B Therapy. Known for its affordability and convenience, instant coffee is known as the black sheep of the coffee world. And yet 6,100 cups of Nescafé instant coffee are consumed every second, according to the company, Swiss-based food giant Nestlé's largest coffee brand. Worldwide one in seven cups of coffee consumed is a Nescafé.
Persons: Jake Leonti Organizations: National Coffee Association, Overseas, Instant Coffee Industry Association, CNBC Locations: Swiss, Vietnam, Brazil
It already shut down the Amazon Care telehealth service in 2022, while disbanding Haven , a joint healthcare venture, in 2021. She said Amazon's healthcare business continues to grow and receive positive customer feedback. Less focus on senior healthcareAnother idea One Medical recently explored was to put less focus on the senior healthcare business. Still, for some One Medical employees, Amazon’s scrutiny is leading to growing frustration. “As Trent Green communicated to employees, One Medical employees will not return to physical offices at this time.
Persons: Big, Samantha Kruse, ” Kruse, Andy Jassy Chelsea Jia Feng, Neil Lindsay, ” Amazon’s Kruse, Amazon's Kruse, Lindsay, , Amir Dan Rubin, Kruse, Amazon’s, , Trent Green Organizations: Business, Amazon, Care, Amazon Health Services, Amazon's Pharmacy, Amazon Health, Iora Health, Iora, Locations: New York, Minneapolis, St, Petersburg , Florida, Francisco
The "office siren" corporate aesthetic is taking over TikTok, but it isn't necessarily new. It blends high-fashion corporate looks with '90s and 2000s vintage charm — fitting for Gen Z, which can't get enough of the Y2K era. The office siren look is bold red lips, pencil skirts, stilettos, turtlenecks, chunky jewelry, and tons of neutrals and blacks. She said the office siren aesthetic began taking off around the same time, coincidentally when she decided to post her outfits that aligned with the trend. "The office siren look is something that largely started in the office," Dwyer said.
Persons: Rachel Green, , Elisabeth Kassab, STYLISTCHECK, TikTokers, Miu Miu, Julia Quang, Quang, you'll, Wears, Styles, Erika Dwyer, Dwyer, Anne Hathaway, Gisele Bündchen's, Rachel Varney, StyledbyRachel, Jennifer Aniston, Joan Clayton, Kate Moss, Calvin Klein, Getty Varney, Varney, she's, Ron Galella, Jan Jarecki Organizations: Service, BI, Fox, Bank, Getty Images, Penske Media, Getty
I prefer things to be sweet and cold, but you can use these recommendations as a baseline and adjust your order to your own preferences. Read on for my favorite things to order at Starbucks. ShutterstockAn iced caramel macchiato is currently my favorite order when I'm looking for a fancier drink — as long as the barista doesn't skimp out on the caramel drizzle (the most important part). A classic soy-milk latte is the perfect pick-me-upI'll order a soy latte hot or iced. The glazed doughnuts are the perfect companion to a cup of coffeePastries are one of my favorite things to pair with coffee.
Persons: , I've, Abigail Abesamis, James Andrews1, I'm, Mary Meisenzahl Organizations: Service, Starbucks, Business, creamer Locations: Chicago, scone, Gouda
Devon McConville is a former day trader who owns First Place Coffee, a Phoenix-based coffee truck. Now, McConville runs a beloved fixture of the Phoenix drink scene: First Place Coffee, a coffee vendor on wheels. First Place Coffee serves specialty coffee and espresso drinks from a 1970 Chevy P10 truck that regulars know as "Matilda." "I really had this vision to really create a community around a mobile coffee business," McConville said. "It seems really small, to own and operate a mobile coffee business, but I think it really has a large effect that radiates out from it," McConville said.
Persons: Devon McConville, McConville, , Matilda, Alexandra Cocca McConville, Terrence Murtagh, Murtagh, Elizabeth Chung, Chung, Instagram, Bella Sayegh, Austin Hogland, they've, Kaytee Hogland, We're, she's Organizations: Service, Coffee, BI Locations: Devon, Phoenix, Austin
Starbucks customers at US stores are spending more per order than ever before, execs said Tuesday. Ruggeri attributed the record ticket sizes to the specific products customers picked, rising menu prices, and the number of customizations they added to their beverages. Starbucks' cold foam, which generally costs $1.25, is its most popular add-on, company executives said last summer. A record number of Starbucks orders — around 30% — are now placed via its app, and its US delivery business has grown nearly 80% year-over-year, Narasimhan said on Tuesday. Store efficiency also increased, Ruggeri said, with a record number of items made per labor hour.
Persons: execs, , Rachel Ruggeri, Ruggeri, didn't, Laxman Narasimhan, Food, Narasimhan, there'd, bakes Organizations: Service, Business, Starbucks Locations: China, Gaza
Starbucks is massively expanding its rollout of Oleato, its olive oil-infused coffee range. AdvertisementStarbucks is rolling out Oleato, its olive oil-infused coffee range, to all stores in the US despite mixed reviews. They're also available at some Starbucks stores in Canada, London, Paris, Osaka, and Tokyo, as well as a more extensive range at US Starbucks Reserve stores. Starbucks founder Howard Schultz introduced the range after mixing olive oil with his Starbucks coffee in Sicily, where the oil is a key component of the Mediterranean diet. A nutritionist told CNN that combining a high-fat substance, like olive oil, with coffee can have a laxative effect.
Persons: , They're, Howard Schultz, Schultz, TikToker, Phoebe Hunt, barista, they're Organizations: Starbucks, Service, Starbucks Reserve, Wall Street, CNN, Business Locations: Italy, Canada, London, Paris, Osaka, Tokyo, Sicily
New York CNN —Starbucks is taking its extra virgin olive oil-infused drinks — which some customers previously complained of sending them straight to the bathroom — nationwide beginning Tuesday. On the Oleato menu are two drinks: An oat milk latte infused with the extra virgin olive oil; and a new toffeenut iced shaken espresso with golden foam, which is vanilla sweet cream infused with extra virgin olive oil into a cold foam. Schultz met olive oil producer Tommaso Asaro, who introduced him to the practice of consuming a tablespoon of olive oil each day. Schultz picked up the habit himself, wondered if he could combine it with his daily coffee routine, and asked Starbucks’ beverage team to see if they could pull it off. One pair of reviewers posted a video titled “We Tried Starbucks Olive Oil Coffee Drinks and Seriously Regret It.”Others had mixed feelings but concluded that the drinks seem more like a stunt — something worth trying but not necessarily worth coming back for.
Persons: we’ve, ” Oleato, Howard Schultz, Laxman Narasimhan, Schultz, Tommaso Asaro, Bon, Narasimhan, Danielle Wiener, Bronner Organizations: New, New York CNN, Starbucks, CNN Locations: New York, Canada, Italy
Starbucks is launching its beverages called Oleato in all U.S. stores. Starbucks is launching its olive oil-infused drinks in all U.S. stores beginning Tuesday, the company said. The beverages, named Oleato, debuted in Italy in February 2023 after former CEO Howard Schultz visited the country and noticed locals drinking olive oil daily. The line of olive oil-infused coffee drinks launched the next month in select U.S. Starbucks stores and met negative early reviews, with The New Yorker saying the drink "tasted like a large spoonful of olive oil in coffee." It also features the Oleato Golden Foam, which the company said is a vanilla sweet cream infused with Partanna extra virgin olive oil that can be added to any Starbucks drink.
Persons: Howard Schultz, customizations Organizations: Starbucks, Yorker, North America, CNBC PRO Locations: Italy, North
We rigorously test hundreds of products every year to find the best kitchen products. Cookware: From the best cast iron skillets to cookware sets, the Business Insider Reviews team uses product-specific sets of benchmark tests to recommend the best cookware on the market. Molly Allen/InsiderWe test kitchen products by using them every day for weeks — and often months — under real-life circumstances in our homes and kitchens. Lily Alig, editor Lily Alig Lily is an editor on the Business Insider Reviews team, covering the home and kitchen verticals. In addition to being Business Insider Reviews' mattress expert, James has extensively covered vacuums, air conditioners, air purifiers, and more within the HVAC space.
Persons: mixologists, Molly Allen, we've, fryer, Lauren Savoie, Lauren Savoie Lauren, Lauren, Lily Alig, Lily Alig Lily, Lily, James Brains, James Brains James, Casper, James, Dyson Organizations: Poynter, Leadership Academy, Women in Media, Business
If you happen to be a fan of soft-sided suitcases, consider the Travelpro Platinum Elite Expandable Carry-On, which I named my top overall soft-side carry-on pick. Plus, it comes with some handy extras that help set it apart, and offers exceptional quality for the price. This bag comes in nine color options: Shadow Black, Intrigue Black (a more textured look), Rich Espresso, Vintage Grey, Bordeaux, True Navy, Metallic Sand, Olive Green, and Coastal Blue. And for extra peace of mind, this suitcase comes with a 100-day trial period and a lifetime warranty against any defects. AdvertisementThe bottom lineFor a high-quality bag that should last you years, the Travelpro Platinum Elite Expandable Carry-On is an excellent option.
Persons: I've, Hannah Freedman, Rich, Olive Green, Travelpro, Briggs Organizations: True Navy, Aviation Administration, FAA, Riley Locations: Grey, Bordeaux
Jules Rogers started earning more money in her 20s when she combined full-time work and freelancing. Although she was making more money, she also bought her first house and had to keep expenses low. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs a 31-year-old, I'm approaching how I spend my money differently than I did in my 20s. AdvertisementHere's how my budget differs in my 30s compared to my 20s and the strategies I use to avoid lifestyle creep.
Persons: Jules Rogers, , we're, We're, resealing grout, I've, creamer, it's, It's Organizations: Service Locations: Portland , Oregon
Quiet luxury will continue to be popular in the home space in 2024. These status symbols can elevate a home or take everyday routines to another level. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The trend was most obvious in the fashion world, but it also hit homes — and there's no sign it's slowing down. Read on to see how people are curating their homes to put luxury on display without being over the top in 2024.
Persons: , Read Organizations: Service
On Thursday night, the Sundance Film Festival in Park City, Utah, which is celebrating its 40th edition this year, was bustling. The Sundance Institute brought together a crowd of people, which included film industry players like Christopher Nolan, who found early success through the festival. The dress code, listed as “upscale mountain chic,” led to ensembles ranging from boxy sweaters to velvet suits. Guests discussed the film lineups, ate dates wrapped with bacon and drank espresso martinis. Nearby, actors and actresses posed for photographers and dredged up old festival memories.
Persons: Leon Bridges, Christopher Nolan, Organizations: Sundance Film, Eccles Theatre, Sundance Institute Locations: Park City , Utah, Kamas , Utah
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk laid off thousands of Twitter employees following his chaotic takeover — and some appear to have taken part of the company with them. Asset manager Fidelity recently estimated that X is now worth 71% less than when Musk took over . pic.twitter.com/uUO7Dgw1Yz — Mike Sington (@MikeSington) December 9, 2022Other ex-Twitter employees snagged company art and memorabilia when Musk put it up for auction last year. Former engineering manager Jon Ball, who left the company in 2019, picked up a three-foot-tall hashtag statue, according to the Journal.
Persons: , Elon Musk, Lauren Fratamico, Musk, witter, egan, ince, orth, witter H, ike S ington, witter e Organizations: Service, Business, Twitter, Wall Street Locations: lon, usk
He then checks Snap, checks his email, and drinks a double espresso, Snap told Business Insider. Snap told BI that he still uses it. Lately, however, he has been spending more time with the monetization team, Snap told BI, as the company focuses on increasing revenue. Before he leaves work, Spiegel tries to check in with the monetization, engineering, and product teams on their progress, Snap told BI. Although he already has his commercial helicopter license, he's currently completing his fixed-wing (airplane) commercial license, Snap told BI.
Persons: , Evan Spiegel, Spiegel, Miranda Kerr's, Evan Time, he's, Entrepreneur's, — Kerr, Kerr, Orlando Bloom, Snap's monetization, Snapchat's, Joe Scarnici, Stringer, Getty, that's, Miranda Kerr, Stefanie Keenan, Inc Spiegel, Harry Potter, Tesla Organizations: Service, Business, Forbes, New, Wall Street, Financial Times, Inc Locations: unwind, West Coast, California
Gemmika Champion has been dating while sober for most of her adult life. AdvertisementShortly before 10 p.m. on a brisk Friday, Gemmika Champion and her date arrive at Brasil's, a Latin dance venue in Philadelphia's Old City neighborhood. Champion, a sober and single 29-year-old who views first dates as opportunities for fun and exploration, is in her element. "Getting sober, I built a better foundation for my understanding of who I am and what I want," Champion told BI. Setting boundaries with datesThough Champion is full of sober date ideas, she also doesn't mind meeting at bars or restaurants that serve alcohol.
Persons: , Gemmika, She's, doesn't, she's, lattes, it's Organizations: Service, Gallup Locations: Brasil's, Philadelphia's Old City, Philadelphia
Although I was born in Mexico, I spent most of my life living in the US so moving to Spain was a big difference. When my family decided we needed a change, we chose Spain because it felt like a natural fit — my grandparents spent their lives living between Spain and Mexico. AdvertisementOnce I started getting more comfortable in the local dialect, I felt more comfortable living in Spain. Living in Spain has shown me there's a different way to existI love the work culture in Spain. Correction: January 9, 2024 — An earlier version of this story misspelled the name of the person who moved to Spain.
Persons: Jeronimo Noriega, Noriega, , It's, I'd, Europe — I'd, I've, I'm, it's, Geronimo Organizations: Service Locations: San Antonio, Northwest Spain, Spain, Oviedo, Asturias, United States, Europe, Mexico, America, cafés
That said, this café apparently sold the highest-priced Starbucks menu item globally in 2022. You might ask yourself: What luxurious, decadent, brightly colored, hyper-flavorful, blended monstrosity could be the most expensive Starbucks menu item in the world? AdvertisementBehold, the most expensive Starbucks menu drink worldwide as of 2022! The study found the world's second-most expensive Starbucks menu item was Denmark's chocolate-cream Frappuccino, which sounds unique and interesting. I also splurged on cold brew and found it to be inconsistentI tasted the cold brew black, then added oat milk the way I like it.
Persons: , Morgan McFall, Johnsen, CashNetUSA, It's Organizations: Service, Business, Zurich Starbucks Locations: Switzerland, Europe, Zurich
Wondery hopes the interest generated from its marketing campaigns will help it turn podcast ideas into intellectual property that spans different media. Photo: WonderyIn a shopping mall in Los Angeles’ Century City, a 1,200-square-foot room has been painted green, covered in Christmas decorations and filled with an espresso bar, a cotton candy stand, and a step-and-repeat for photoshoots. An actor dressed in a furry green suit makes an appearance on weekends. The Grinch’s Holiday Green Room, as it is called, is one of L.A.’s latest “pop-up experiences,” the kind usually deployed to build excitement around big-budget TV shows and movies.
Persons: Wondery Organizations: Los Angeles ’ Locations: Los Angeles, City
Featuring multiple suites, all filled with artistic masterpieces, Rome’s 17th-century Palazzo Vilòn is sheer luxury. And now, Palazzo Vilòn can be all yours for 25,000 euros ($26,665) per night if you opt for the “buy-out” offer. Palazzo Vilòn offers a rare chance to travel back to a time when noble families ruled the Eternal City. Today, Palazzo Vilòn is believed to be Italy’s most expensive historical retreat. Despite all the grandeur, Florio stresses that Palazzo Vilòn is not a museum brought back to life.
Persons: CNN — It’s, Vilon, Sala di, Mattia Aquila, Borghese, Vilòn, it’s, , , Palazzo Vilòn, Samuele Florio, Florio, ‘ It’s, Italy won’t, , It’s Organizations: CNN, Michelin, Mirrors Locations: You’re, Campo Marzio, Europe, Rome, Italy, Vilòn, Italian
I traveled to over seven countries in 2023, and some places stood out for being budget-friendly. Porto, Portugal, and Chiang Mai, Thailand, offered affordable accommodations and fun activities. Here are the four most affordable places I visited in 2023. Chiang Mai, Thailand, was culture-rich and inexpensiveChiang Mai, Thailand, was inexpensive but beautiful. Dominique MillsNestled in the lush greenery of Northern Thailand, Chiang Mai is one of my favorite cities to visit.
Persons: Chiang, , Dominique Mills, Chiang Mai, Koh Samui, Dominique Mills I've Organizations: Service, UNESCO, US Department of State Locations: Porto, Portugal, Chiang Mai, Thailand, Hanoi, Vietnam, Douro, Northern Thailand, Bangkok, Old City, Soi, Prabang, Laos, Luang Prabang, Asia, Vientiane, Indochina
Nespresso is brewing up competition in the U.S. coffee pod market. Nestlé's Nespresso, meanwhile, has had more success around the world, in a global retail coffee market that the Swiss food and beverage giant says is valued at about $100 billion. Nespresso's rise comes after the Keurig system took the U.S. by storm a decade ago. The company grew its domestic coffee sales by nearly $3 billion in the four-year span between 2009 and 2013. "There's still over 50 million households left in the U.S. coffee market that we look at and say, 'how do we meet the needs of those users?'"
Persons: Keurig, Nestlé's Nespresso, Nespresso, Matthew Barry, Nestlé, It's, Jean, Paul Gaillard, Alfonso Gonzalez Loeschen, Euromonitor's Barry, There's, Patrick Minogue, Dr Pepper Organizations: U.S, Euromonitor, CNBC, JPMorgan, Nespresso's, North America Locations: U.S, United States, North America
I love my Nespresso machine, but it makes me sad to throw all those pods away. I love the simplicity and speed of my Nespresso machine. AdvertisementMy marvelous Nespresso machine. So imagine my surprise when, separated from my Nespresso machine by a trip, I got a Starbucks latte and found it… delicious. AdvertisementAnd then she explained the difference — water vs. steam, drip vs. pressure, Italy vs. France, night vs. day, etc.
Persons: , Henry Blodget, I'm Organizations: Service, milli Locations: Ethiopia, Italy, France
Some of our favorite Cyber Monday kitchen deals include this $40 discount on the Instant Pot Vortex Plus, the top-ranked pick from our guide to the best air fryers. Be sure to check out more of the best Cyber Monday air fryer deals we've found. The best Cyber Monday coffee maker dealsSome of the best coffee makers we've tested are on sale for Cyber Monday. The best Cyber Monday KitchenAid dealsThese stand mixers represent the best of the bunch we've tested in our guide to the best KitchenAid stand mixers. The best Cyber Monday cookware dealsHere are some of the best deals we're seeing on cookware from brands regularly featured in our lists of the best cookware sets, best cast iron skillets, and more.
Persons: we're, we've, they're, fryer, You'll, Organizations: Air, Williams Sonoma
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