Multiple Coffee Chains File for Bankruptcy Across US
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A number of American coffee companies have filed for bankruptcy in recent weeks, as the sector grapples with near record-high prices and other significant headwinds. According to the Labor Department’s latest inflation reading, coffee prices are up around 19 percent over the past year, significantly outpacing inflation . Adverse weather has hurt crop yields and limited supply from major producers like Vietnam and Brazil , while new tariffs on producing nations have raised costs for importers
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