“It’s no secret that 2013 was a challenging year,” began Larry D. Young, president and chief executive officer of Plano, Texas-based Dr Pepper Snapple Group (DPS), in his address during the company’s fourth-quarter 2013 earnings call.
Starbucks loses exclusivity as super-premium coffee for Keurig but gains K-Cup expansion
March 14, 2014
Starbucks Coffee Co., Seattle, and Keurig Green Mountain Inc., Waterbury, Vt., announced amended terms to their existing five-year agreement, which they reached last summer.
Coca-Cola Co. now owns approximately 10 percent of GMCR
February 27, 2014
The Coca-Cola Co., Atlanta, and Green Mountain Coffee Roasters Inc. (GMCR), Waterbury, Vt., announced the closing of the previously announced private placement of GMCR common stock to The Coca-Cola Co. for total gross proceeds of approximately $1.25 billion.
Krispy Kreme Smooth and Decaf coffees will be available in K-Cups by end of 2014, companies say
February 10, 2014
Waterbury, Vt.-based Green Mountain Coffee Roasters Inc. (GMCR) and Winston-Salem, N.C.-based Krispy Kreme have reached a multi-year agreement to bring Krispy Kreme signature coffee to K-Cup packs for the Keurig brewing system. The companies plan to launch Krispy Kreme coffees in Smooth and Decaf varieties in K-Cup packs online at keurig.com, krispykreme.com as well as at participating Krispy Kreme shops, grocery, retail and away-from-home channels throughout the United States by the end of the year.
Soft drinks company to purchase 10 percent minority stake in coffee company
February 6, 2014
The Coca-Cola Co., Atlanta, and Green Mountain Coffee Roasters Inc. (GMCR), Waterbury, Vt., have signed a 10-year agreement to collaborate on the development and introduction of The Coca-Cola Co.’s global brand portfolio for use in GMCR’s forthcoming Keurig Cold at-home beverage system. Under the global strategic agreement, GMCR and The Coca-Cola Co. will cooperate to bring the Keurig Cold beverage system to consumers around the world. In an effort to align long-term interests, the companies also entered into a Common Stock Purchase Agreement whereby The Coca-Cola Co. will purchase a minority equity position in GMCR.
Dr Pepper Snapple Group Inc. (DPS), Plano, Texas, reported that its third quarter net sales increased 1 percent, reflecting 3 percentage points of positive mix and pricing partially offset by a 1 percent sales volume decline and higher discounts.
Fans can win tickets to Latin Grammy Awards, VIP Enrique Iglesias concert
October 7, 2013
As the official beverage sponsor of the Latin Grammy Awards for the fourth consecutive year, Plano, Texas-based Dr Pepper Snapple Group’s (DPS) 7UP brand is giving its fans a chance to “Live it Up with Enrique.”
Although I am no longer covering local Earth Day events, connecting with brand owners, suppliers and everything in between has shown me that environmental emphasis still is a part of my journalistic career.