The Coffee Kids Board of Directors announced on 16 December that it will suspend programming at the end of 2014, due to financial issues. In a statement, the board said it would explore options for merging with another organisation with a similar purpose. “We have made this decision in light of long-standing financial challenges that have led us to examine how we as an organisation have been implementing our mission,” said Mike Ebert, President of Coffee Kids, in a statement. The statement went on to say the board has determined that while Coffee Kids partner organisations at origin are implementing projects that have a transformative impact on coffee-producing communities, its current business model is no longer sustainable. “The need in coffee-farming communities is great,” the statement said. “The board hopes that our donors continue to support innovative projects designed and implemented by the coffee-producing communities themselves. By merging with another organisation dedicated to meeting the needs of communities as they define them, we hope to honor the 26-year legacy of Coffee Kids.”
Luckin Coffee to announce Q4 and full year 2024 results
Chinese coffee chain Luckin Coffee will release its fourth quarter and full year 2024 financial results before the United States...