GMCR to close facility in Toronto, Canada (Global Coffee Review)
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) has announced it will consolidate all of its Canadian coffee and portion pack production to its Montreal, Quebec facility. The company expects to cease production at its Toronto, Ontario facility by March, 2014 affecting a total of 120 production and production support employees, or approximately 2 per cent of its total workforce, whose positions will be eliminated. “As we continue to grow, we also are assessing the effectiveness of our manufacturing, distribution, and logistics network across our US and Canadian locations,” said Brian P Kelley, President and CEO of Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR).
Starbucks at NewMarket Square doubles in size (Wichita Business Journal)
Starbucks Corporation (NASDAQ:SBUX) now has double the space at NewMarket Square. The coffeehouse finished expanding its space, from 1,500 to 2,975 square feet, two weeks ago, says Jerry Jones, vice president for commercial development at Slawson Cos., which owns and operates the shopping center at 21st and Maize. Starbucks expanded into space to its north formerly held by Cartridge World, whose lease expired, Jones says. The project quadrupled Starbucks Corporation (NASDAQ:SBUX)’s seating and opened up access from the rear, he says.
SodaStream: Tremendous Growth Prospects And Potential Buy Out Target (Seeking Alpha)
Sodastream International Ltd (NASDAQ:SODA) has seen its business grow over the years. It continues to benefit from increasing consumer awareness, channel expansion, and new product introductions. The company is well suited to grow on its own, but many investors are predicting that (despite rumors to the contrary) the company is up for sale and will accept a premium buyout offer over the next few years.
Green Mountain Coffee Roasters, Inc. Details Investor Day Webcast Information (DailyFinance)
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) today announced it will provide a live webcast from its Investor Day beginning at 9:00 a.m. Eastern Time on Tuesday, September 10, 2013. Management’s live remarks and supporting slides will be accessible via a link from the Investor Relations section of the Company’s website: http://investor.gmcr.com. The webcast also will be archived and available for replay soon after the event.
Stock Traders Purchase High Volume of Starbucks Corp. Put Options (SBUX) (WKRB News)
Shares of Starbucks Corporation (NASDAQ:SBUX) saw some unusual options trading activity on Friday. Investors purchased 5,627 put options on the stock, Analyst Ratings Network reports. This is an increase of 148% compared to the typical daily volume of 2,272 put options. In other Starbucks Corp. news, Insider Clifford Burrows unloaded 70,021 shares of the stock on the open market in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $71.59, for a total transaction of $5,012,803.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission.