coffee industry

ICE is delaying its plan for coffee and cocoa contracts to the end of 2025 to “provide market participants with certainty” as to what products are being delivered against futures contracts.

Once seen as one of China’s brightest growth stories and the homegrown answer to Starbucks Corp., Luckin’s disclosure in early April that senior executives may have fabricated $310 million of sales has plunged the company into crisis.

It was said that Ivar Krueger burned through — in today’s money — US$1.5 billion ($2.14 billion) of financier’s funds.

With higher growth and dividends, here's what Food Empire is up to.