Green Mountain Coffee announces price increase on K-Cups

first_imgGreen Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ: GMCR), announced today a price increase on all K-Cup® portion packs for its Keurig® Single Cup brewing system sold in North America. The increase will occur across all sales channels and will be effective beginning October 11, 2010. Consumers could expect to see a purchase price increase of approximately 10 to 15 percent over the next several months as a result.The increase is in response to several factors affecting the coffee industry including a sustained increase in the price of green coffee, differentials for premium quality coffees, increases in prices of other raw materials, as well as higher packaging and transportation costs. Over the past three months, green coffee prices have increased from $1.45 per pound to $1.90 per pound, or approximately 31 percent.‘Like others in the coffee industry, we have been closely monitoring rising green coffee costs and increases in other input costs like cocoa and packaging for several months,’ said Scott McCreary, president of GMCR’s Specialty Coffee business unit. ‘While we have the flexibility to absorb some short-term cost increases, the sustained nature of the increases we’ve experienced over the past three months led us to conclude it is necessary to adjust our pricing.’Source: WATERBURY, Vt.–(BUSINESS WIRE)–Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR)As a leader in the specialty coffee industry, Green Mountain Coffee Roasters, Inc. is recognized for its award-winning coffees, innovative brewing technology, and socially responsible business practices. GMCR’s operations are managed through two business units. The Specialty Coffee business unit produces coffee, tea and hot cocoa from its family of brands, including Tully’s Coffee®, Green Mountain Coffee®, Newman’s Own® Organics coffee, Timothy’s World Coffee® and Diedrich, Coffee People and Gloria Jeans®, a trademark licensed to the Company for use in North America and owned by Gloria Jeans Coffees International Pty. Ltd. The Keurig business unit is a pioneer and leading manufacturer of gourmet single-cup brewing systems. K-Cup® portion packs for Keurig® Single-Cup Brewers are produced by a variety of roasters, including Green Mountain Coffee, Tully’s, Timothy’s and Diedrich. GMCR supports local and global communities by offsetting 100% of its direct greenhouse gas emissions, investing in Fair Trade Certifiedâ ¢ coffee, and donating at least five percent of its pre-tax profits to social and environmental projects. Visit www.gmcr.com(link is external) for more information.GMCR routinely posts information that may be of importance to investors in the Investor Relations section of its web site, including news releases and its complete financial statements, as filed with the SEC. GMCR encourages investors to consult this section of its web site regularly for important information and news. Additionally, by subscribing to GMCR’s automatic email news release delivery, individuals can receive news directly from GMCR as it is released.last_img read more

Bounty on Munoz amps up Dodge City Stock Car Spectacular

first_imgBy Lonnie WheatleyDODGE CITY, Kan. – This Saturday night’s Inaugural Stock Car Spectacular at Dodge City Race­way Park was already shaping up to live up to its moniker.Now it will likely be beyond “Spectacular” with a price put upon the head of Angel Munoz.The Lamar, Colo., racer has been a seemingly unstoppable force in this year’s IMCA Sunoco Stock Car ranks atop the 3/8-mile Dodge City clay oval, racing to victory lane in all three events thus far.Munoz sets his sights on four wins in a row going into Saturday’s Stock Car Spectacular that also includes a full slate of IMCA Modifieds, IMCA SportMods and IMCA Sunoco Hobby Stocks.The Stock Car Spectacular already had a posted winner’s share of a healthy $750.Now, courtesy of BMI, the ante has been upped even more with the bounty. If anybody can take the win ahead of Munoz, that driver will receive an extra $300 bonus to push the win total to $1,050 provided that Munoz finishes the race.Munoz can cash in as well if he can dodge the bounty hunters. Munoz will pocket an extra $100 if he takes a fourth win in a row from his scheduled starting position in the draw-redraw event.Munoz could cash in even more if he opts to surrender his starting position and start tailback in the 30-lap Stock Car Spectacular main event. If he can rally from the tail to take the win, he’ll col­lect an extra $500 to push the potential winner’s share to $1,250.Either way, Saturday’s Stock Car Spectacular winner will collect a minimum of $850 with a poten­tial payout of as much as $1,250.Tickets to the Stock Car Spectacular are $15 for adults with children 11 and under admitted free when accompanied by an adult. Racing gets under way at 7:30 p.m.last_img read more

Better Collective moves into affiliate M&A space acquiring SportFreunde portfolio

first_img StumbleUpon Share Submit Better Collective cautious on quick recovery as COVID drags growth momentum August 25, 2020 Related Articles MoneyMatrix boosts wire transfer options by integrating Klarna’s Sofort August 24, 2020 Share Mateusz Juroszek – Non-stop STS will expand amid industry disruptions August 12, 2020 Jesper SogaardBetter Collective, the operating company of leading European sports betting portal bettingexpert.com, has moved into the M&A space acquiring Austrian competitor Hebiva Beteiligungen GmbH, the owner of affiliate SportFreunde Informationsdienste GmbH (“SportFreunde”).The deal sees Better Collective acquire all SportFreunde’s existing affiliate portfolio, which includes popular German language websites  wettfreunde.net, sportwettentest.net, and fussballportal.de.Completing the deal, Better Collective management detailed that SportFreunde assets would significantly strengthen the firm’s industry inventory, as it sets itself the ambitious target of growing 50% year-on-year.A pleased Jesper Søgaard, Founder and CEO of Better Collective commented on the acquisition: “We are moving full steam ahead with our M&A strategy, and we are proud to announce that SportFreunde is joining us. This step reinforces our position as a leading affiliate in the industry.“What the team at SportFreunde has achieved with their approach to creating in-depth content is greatly appreciated by the German-speaking community, and we are looking forward to extending this approach to our other platforms to appeal to even more users.”Detailing further insights, Better Collective management stated that SportFreunde’s high quality content combined with daily in-depth journalism aligned with the core values that have made bettingexpert a leading industry portal.Heinz Patzelt, Managing Director of SportFreunde backed Better Collective as new owners: “We are incredibly proud of what we have achieved at SportFreunde, and are very pleased that Better Collective recognises the quality of our work.“We are excited to be joining the Better Collective family, and look forward to expanding SportFreunde and Better Collective’s reach by integrating our content to Better Collective’s well established global platform.”last_img read more

AffiliateINSIDER lands affiliate management agency role for Vbet

first_imgShare StumbleUpon Submit AffiliateINSIDER (AI) has struck a deal with Vbet to become the bookmaker’s affiliate management agency. Through the role, AI will be responsible for the BetConstruct subsidiary’s global affiliate strategy and daily program management.AI’s affiliate management service includes both strategy and program management coupled with bespoke marketing services designed to growth hack affiliate recruitment, program promotion and widen brand reach.Vbet will also benefit from access to reputable affiliates through unique events such as AffiliateFEST and AIBootcamp, for which it has already secured headline sponsorship in 2019. The second edition of the event (AIBootcamp2019) will be held at Under the Bridge in London from 21-22 March 2019.In addition to this, clients such as Vbet can take advantage of ongoing skills-development for their growing affiliate team via the AffiliateINSIDER Affiliate Manager Training academy, while benefiting from additional PR and media support via the company’s news hub. Arsen Aharonyan, Vbet VP Operations, explained: “We believe in investing in the best expertise to help our business innovate and grow Vbet’s global expansion via the affiliate channel. As such, we’ve partnered with AffiliateINSIDER to manage the commercial strategy affiliate relationship management and marketing for our global affiliate program.“AffiliateINSIDER has over two decades of affiliate marketing experience obtained in iGaming and a strong value-driven ethos which matches our own. We’re delighted to be working with AffiliateINSIDER’s experienced team to improve our affiliate program proposition.” AffiliateINSIDER Founder and CEO Lee-Ann Johnstone added: “We are thrilled to have the opportunity to work with Vbet and help support their global affiliate expansion.  I”m very excited to be working with such an exciting product and a constantly innovating brand.“As a pure affiliate marketing and events business, we specialise in working with brands who want to build personable relationships in the affiliate community and driving focussed revenue growth. Our team is well versed at implementing cost effective strategies that drive incremental revenue and brand marketing reach. We look forward to working alongside the Vbet team as the business expands into new global markets.”Vbet, winner of the Balkan Gaming Awards for Online Operator of 2018, cited AI’s “value-driven ethos” as well as the team’s connections and expertise in affiliate marketing as the main reasons for the appointment. AI has a track record of helping deliver growth and has fast become a “go-to” supplier for affiliate program strategy and account management services since launching in late 2017. Share Related Articles Vbet sponsors AS Monaco as Ligue 1 kicks off new season August 24, 2020 New Polish poker table in BetGames section for STS July 15, 2020 VBET agrees Armenian Premier League and Armenian Cup sponsorship August 13, 2020last_img read more