Nespresso increases single-serve pod prices

06/2/2011 | Nasdaq.com

Nespresso raised prices on its single-serve coffee pods by 3.6% in the U.S. and 6% in Europe, effective June 1. Richard Girardot, chief executive of the Nespresso unit, said the rising cost of unroasted coffee beans prompted the move, and noted the company uses 95% arabica beans, which are more expensive than robusta beans.

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