Your weekly round-up of the most important coffee and hospitality industry developments from around the world
1. Analysis: WatchHouse now has Bezos family backing – where will it go next?
Hugely influential specialty coffee group, WatchHouse, has just raised £10.9m ($14.7m) in a Series B investment round that values the brand at £76.1m ($102m).
The funding round was led by Florida-based HighPost Capital, the investment firm co-founded by Amazon CEO Jeff Bezos’ half-brother, Mark Bezos, which contributed £7.3m ($9.8m).
With the wind in its sails, WatchHouse is poised for further international growth: find out where this trailblazing brand could go next...
2. Is this Peet’s Coffee’s new business model?
Fresh from announcing the closure of 30 company-owned coffee shops in California, Peet’s Coffee has unveiled a major new supply deal – and it’s anchored by two heavy hitters in its specialty coffee portfolio.
Is this the future of Peet’s Coffee as it seeks to become a $2.5bn business?
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