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12mo ago
Speculation Grows on Lavazza's Acquisition of Munich Coffee Legacy Dallmayr
Lavazza is in early negotiations to acquire a majority stake in Dallmayr, facilitated by Goldman Sachs.
The acquisition aligns with Lavazza's strategy to expand in Germany and bolster global coffee sourcing amidst rising costs and climate challenges.
Lavazza's 2024 revenue of €3.35 billion surpasses Dallmayr's €1.2 billion, signaling Lavazza's ambition to strengthen its global leadership.
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13mo ago
Café Guglhupf: Munich's Beloved Culinary Landmark Closes After 48 Years
Café Guglhupf, a Munich icon since 1977, will close on June 30 due to rising costs and unsustainable rent.
Closure highlights challenges facing small eateries in Munich, including staff shortages and changing dining habits.
Longtime employees face emotional impact, but local restaurateurs are stepping in to offer support.
Guglhupf cakes will still be available at Oktoberfest, offering patrons a chance to relive its legacy.
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