Refreshment focuses on the water dispenser/cooler, office coffee service and vending sectors, while also taking an in-depth look into products for vending from bottled water and drinks, to snacks and confectionery. It also focuses on hydration, health and wellness, new technologies and environmental and social responsibility issues.
Research
Coffee & tea

Mergers & Acquisitions
Five Star Breaktime Solutions Acquires Savannah Healthy Vending
Five Star Breaktime Solutions has completed the acquisition of Savannah Healthy Vending, expanding its operations and customer base in Georgia, US.
Coca-Cola’s proposed Costa Coffee sale faces uncertainty as talks with TDR Capital falter – FT
Coca-Cola’s plans to sell Costa Coffee are at risk of being abandoned, according to the Financial Times, as negotiations with private equity firm TDR Capital encounter difficulties over valuation.
Mars completes acquisition of Kellanova
Mars has finalised its acquisition of Kellanova, consolidating two iconic businesses and positioning Mars Snacking as a formidable force in the market.
PayRange acquires KioSoft to expand cashless solutions for unattended retail
PayRange, a mobile-first commerce platform for unattended retail, has acquired KioSoft Technologies, a global provider of cashless payment and IoT solutions, for an undisclosed sum.
Sugarfina acquires US coffee chain Caffe Luxxe
US luxury candy brand Sugarfina has acquired Caffe Luxxe, a Los Angeles-based coffee roaster and café chain, through a 100% stock merger.
Nestlé reportedly considering sale of Blue Bottle Coffee
Nestlé is reportedly exploring the sale of its premium coffee chain, Blue Bottle Coffee, as part of a broader strategic review initiated by new CEO Philipp Navratil.
Unilever sells Graze to Candy Kittens' parent company Katjes International
In a move to streamline its portfolio, Unilever has announced the sale of its healthier snacking brand, Graze, to Katjes International, the parent company of the popular candy brand Candy Kittens.
Clearstone Capital acquires Canadian protein coffee brand Brüst Beverages
Toronto-based private equity firm Clearstone Capital has acquired Brüst Beverages, a Canadian producer of ready-to-drink protein coffee.
Starbucks forms $4bn joint venture with Boyu Capital to operate China retail business
Starbucks Coffee Company has entered an agreement with alternative investment firm Boyu Capital to form a joint venture that will operate the company’s retail business in China.
Boyu Capital frontrunner for Starbucks China stake
Private equity firm Boyu Capital has reportedly emerged as the leading contender to acquire a controlling stake in Starbucks’ China business, according to a Bloomberg report citing people familiar with the matter.
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