Ganga on Nostr: Oh no! I prefer a moka pot to capsules any day, plus better environmentally --- ...
Oh no! I prefer a moka pot to capsules any day, plus better environmentally
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BIALETTI, the iconic Italian brand behind the world-famous Moka Express, is on the verge of a buyout by Nuo Capital, a company founded by Stephen Cheng of the Hong Kong-based World Wide Investment Company (WWIC).
Reports suggest that the potential acquisition comes amid Bialetti’s struggle with rising debts, shifting consumer habits, and fierce competition.
The brand owes €90.3 million in debt and has been actively seeking a buyer since 2023. Despite posting improved revenues of €104.7 million last year – a 6% increase – those gains have not been enough to counteract years of declining sales.
The root of Bialetti’s woes lies in the meteoric rise of coffee capsule systems, a sector that saw a 63% profit surge last year, according to Competitive Data. Capsule machines, led by giants like Nespresso and Lavazza, offer convenience and variety, which resonate strongly with younger consumers. In contrast, the time-consuming ritual of brewing with a moka pot has lost its allure for many.
https://intelligence.coffee/2025/01/chinese-buy-out-of-bialetti/
#food #Links
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BIALETTI, the iconic Italian brand behind the world-famous Moka Express, is on the verge of a buyout by Nuo Capital, a company founded by Stephen Cheng of the Hong Kong-based World Wide Investment Company (WWIC).
Reports suggest that the potential acquisition comes amid Bialetti’s struggle with rising debts, shifting consumer habits, and fierce competition.
The brand owes €90.3 million in debt and has been actively seeking a buyer since 2023. Despite posting improved revenues of €104.7 million last year – a 6% increase – those gains have not been enough to counteract years of declining sales.
The root of Bialetti’s woes lies in the meteoric rise of coffee capsule systems, a sector that saw a 63% profit surge last year, according to Competitive Data. Capsule machines, led by giants like Nespresso and Lavazza, offer convenience and variety, which resonate strongly with younger consumers. In contrast, the time-consuming ritual of brewing with a moka pot has lost its allure for many.
https://intelligence.coffee/2025/01/chinese-buy-out-of-bialetti/
#food #Links