
Articles
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2 weeks ago |
beanscenemag.com.au | Kathryn Lewis
New figures from CreditorWatch reveal one in 10 hospitality businesses in Australia shut down over the past year, but more positive data for April 2025 shows insolvencies have started to plateau. The report identifies the foodservice sector as one of the worst hit in the country, as well as construction. Pressure on the hospitality industry, including rising costs and decreased consumer demand, saw 9.6 per of businesses in the sector close permanently between April 2024 and April 2025.
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2 weeks ago |
beanscenemag.com.au | Kathryn Lewis
On 20 May, the Reserve Bank of Australia (RBA) announced a 0.25 per cent cut to the official interest rate, which will come as a relief for many households and small businesses such as cafés. The official interest rate is now 3.85 per cent and marks the second cut in 2025. A reduction in official interest rate can benefit small businesses in many ways, including improving cash flow, encouraging consumer spending, and making borrowing cheaper.
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3 weeks ago |
beanscenemag.com.au | Kathryn Lewis
Red Hot Chili Peppers frontman Anthony Kiedis is entering the coffee market, launching canned coffee brand Jolene with actor Shane Powers. After meeting for coffee nearly every Thursday for more than 20 years, the two friends decided to turn their ritual into a business. The duo collaborated with friend John Terzian of the h.wood group to fulfil their mission “to bring incredible coffee to wherever people may want to drink it”.
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3 weeks ago |
gcrmag.com | Kathryn Lewis
International green coffee merchant Volcafe has appointed Jason Cortellini as Regional General Manager for North America, effective 3 June 2025. The company describes Cortellini as an experienced leader in the coffee industry. He will play a key role in strengthening its presence and operations in North America. “Jason brings a wealth of industry knowledge and a deep understanding of the North American market.
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3 weeks ago |
gcrmag.com | Kathryn Lewis
Non-profit organisation Qima Foundation has led the charge in an effort to gain UNESCO Intangible Cultural Heritage Status for Yemeni coffee. The Foundation, sister organisation of social enterprise Qima Coffee, says the move is a “landmark step for the global coffee industry”.
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