Climate Change Means Coffee-Market Volatility Is Likely to Continue, Lavazza Says
Lavazza Group, one of the world’s biggest coffee companies, is sacrificing profitability to defend market share amid a rollercoaster ride in bean prices that its chairman sees continuing.The Italian company’s sales have grown over the last year, but higher costs have eaten into its margins. Lavazza is expecting a double-digit fall in earnings this year.“We redid our budget six times over the last year,” Chairman ...
