Pact Coffee
| ISIN | 🆔 |
|---|---|
| Industry | Coffee roasting |
| Founded 📆 | 3 September 2012 in Balham, London |
| Founder 👔 | Stephen Rapoport |
Area served 🗺️ | United Kingdom |
Key people | Paul Turton (CEO), Stephen Rapoport (founder) |
| Products 📟 | Speciality coffee |
| Members | |
Number of employees | |
| 🌐 Website | Pact Coffee |
| 📇 Address | |
| 📞 telephone | |
Pact Coffee is a British coffee company that operates predominantly on a subscription business model.[1][2] to sell speciality coffee. Its roastery is in Haslemere, Surrey. Founded in 2012 as YourGrind, the company gradually switched from purely direct-to-consumer operations to a multichannel sales model that includes retail[3], an online store and business-to-business. According to Elle in 2021, Pact had, in an earlier period, "dominated the coffee delivery space", and was one of the first coffee companies to operate in this way.[4]
History
The company was founded in October 2012, by Stephen Rapoport, as YourGrind,[5] and started its operations by offering coffee through subscriptions and its online store.
Initially, Rapoport ground the coffee in his kitchen and dispatched the bags via the local Post Office[6]. In June 2013, with £500,000 in seed funding, the company relocated to an office space in Bermondsey, London, and rebranded as Pact Coffee [7]
Will Corby joined the following year as Head of Coffee and established Pact's sourcing program. Pact began operating with a direct-trade supply-chain model, procuring coffee directly from farmers and importing it to a newly established roastery, next to the London office.[8]
Paul Turton assumed the role of CEO in 2017, and focused on the company's new business-to-business channel, Pact at Work (now named Pact Coffee for Business), supplying offices with Pact coffee[9]. In 2018, the company expanded into a larger roastery in Haslemere, Surrey, while maintaining its head office in Bermondsey [10]
According to Paul Turton in late 2020, the company adapted to challenges posed by the COVID-19 pandemic by supplying cafes, restaurants, and hotels through its Pact Coffee for Business channel, and at that time it sold coffee to over 250 coffee shops in the UK.[11]
Pact Coffee launched Cenicafé 1, a disease-resistant Arabica variety, in 2020[12], achieved B Corporation certification in 2022 and launched its products on supermarket shelves for the first time in 2023, specifically in Waitrose [13]
References
- ↑ Shalvey, Kevin (12 December 2020). "Coffee importers are worried about post-Brexit shipping bottlenecks, as the UK coffee shop market value shrinks by 37.5%". Business Insider. Retrieved 10 May 2024.
At Pact Coffee, a London-based subscription company, the pandemic has been mostly good for business, ... Pact subscribers hit 60,000 this month, up from just 40,000 in March, said Paul Turton, chief executive, on Friday.
- ↑ Butcher, Mike (24 June 2013). "After Exiting From Crashpadder, Founder Hopes Pact Will Be The 'Zappos Of Coffee'". TechCrunch. Retrieved 6 March 2024.
- ↑ Reynolds, Conor (16 October 2023). "UK D2C coffee business Pact Coffee expands into retail". Just Drinks. Retrieved 10 May 2024.
- ↑ Smith, Stacey (10 August 2021). "13 Luxury Coffee Subscriptions To Sign Up To For Your Regular Caffeine Fix". Elle. Retrieved 10 May 2024.
- ↑ Featherstone, Emma (14 February 2015). "Small business in the spotlight … Pact Coffee". The Guardian. ISSN 0261-3077. Retrieved 6 March 2024.
- ↑ "Startup of the Week: Pact". Wired UK. 9 February 2015. ISSN 1357-0978. Retrieved 6 March 2024.
- ↑ O'Hear, Steve (11 August 2014). "UK Coffee Subscription Service Pact Coffee Raises £2M Series A". TechCrunch. Retrieved 6 March 2024.
- ↑ Portal, World Coffee (15 September 2022). "Q&A: Ten years of Pact Coffee". World Coffee Portal. Retrieved 6 March 2024.
- ↑ "Pact at Work: Office coffee service favoured by Trainline and JustEat staff". NS Business. 23 May 2018. Retrieved 6 March 2024.
- ↑ "New Surrey roaster for coffee subscription service".
- ↑ Dev3l0pM3nt (8 October 2020). "How We Nurtured Our Start-up Into a £10M Business – Four Keylessons". CLIC. Retrieved 6 March 2024.
- ↑ Morrissy-Swan, Tomé (30 May 2023). "Why your morning coffee is facing extinction". The Telegraph.
- ↑ Portal, World Coffee (14 October 2023). "Pact Coffee secures first retail listing with UK supermarket chain Waitrose". World Coffee Portal. Retrieved 6 March 2024.
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