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Today's Headlines Starbucks
Indonesian food and beverage company MAP Boga Adiperkasa, part of the MAPI Group, has big expansion plans in store for 2018, especially for Starbucks branches which it operates in Indonesia through a franchise agreement (through subsidiary Sari Coffee Indonesia). Besides Starbucks, the company - through other subsidiaries - is the operator of several iconic brands: Pizza Express, Krispy Kreme, Cold Stone Creamery, and Godiva.
The plan of Indonesian retail company Mitra Adiperkasa to sell 20 percent of its stake in subsidiary MAP Boga Adiperkasa is expected to have a good impact on the financial performance and share performance of the company. MAP Boga Adiperkasa is a leading food and beverage retailer that operates five exclusive brands in Indonesia (including Starbucks, Pizza Express, Krispy Kreme, Cold Stone Creamery, and GODIVA).
Mitra Adiperkasa, the retail company that holds the license to operate Starbucks in Indonesia, said its corporate performance will not be too much affected by the terrorist attacks in Jakarta. The company's Starbucks branch located at Jalan MH Thamrin No. 9 in Central Jakarta was target of Muslim militants on Thursday (14/01). After the attacks Mitra Adiperkasa closed all its Starbucks branches in Jakarta for the day. On Friday (15/01) the branches reopened with the exception of the Thamrin branch that was heavily damaged by the terrorist actions.
Due to ongoing drought in Brazil, the world’s largest coffee grower (particularly the Arabica coffee beans variety), coffee futures have reached the highest level in over two years. Usually the month of October is a month that brings rainfall to the Minas Gerais region, the most important coffee growing region in Brazil. This year, however, there has been no rainfall (yet) in October meaning that the coffee beans are unable to ripe. Moreover, meteorologists estimate that the current drought will continue for at least another week.
Indonesia Investments updated the company profile of Mitra Adiperkasa (MAPI). The company is an Indonesian retail company with a diversified portfolio which includes department stores, fashion, sports equipment, food & beverages, supermarkets as well as lifestyle products. Mitra Adiperkasa has 1792 retail outlets, that contain more than 150 brands, in 58 cities across Indonesia. The company is franchise holder of various and numerous well-known global brands such as Starbucks, Zara and Nine West.
Prices of coffee have surged 24 percent in 2014 as Brazil experienced the warmest January ever and the least rainfall in 20 years. Being a major arabica bean producer, Brazil's weather conditions particularly influence the arabica coffee price. The arabica coffee price has jumped 26 percent in seven trading sessions, the highest level since July 2000. Meanwhile, weather forecasts do not seem to indicate the arrival of a sufficient amount of rainfall in the remainder of February and March before the dry season kicks in in April.
Indonesia Investments added financial highlights to the company profile of Mitra Adiperkasa (MAPI). The company is an Indonesian retail company with a diversified portfolio that includes department stores, fashion, sports equipment, food & beverages, supermarkets and lifestyle products. It has 1588 retail outlets, that contain more than 100 brands, in 56 cities throughout Indonesia. The company is franchise holder of various and numerous well-known global brands such as Starbucks, Zara and Nine West.
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Coffee chain operator Starbucks, which is active in Indonesia via a partnership between Starbucks Coffee International and local Indonesian retail company Mitra Adiperkasa, launched its Starbucks Mobile App in Indonesia on Friday (18/11). Customers can now pay through this mobile app in more than 260 Starbucks stores across Southeast Asia's largest economy. A free Earl Grey Jelly Frappuccino is available to those who use the mobile app through November 2016.
