The Unbrewed Storm: A Glimpse of Woes in the Coffee Industry The news of Chenin LLC, parent company to the high end L'Experience Paris cafe in Bellevue, filing for Chapter 11 bankruptcy protection is a jarring wake up call for an industry that's been sipping on growth and prosperity for years.
Beneath the surface, however, lies a complex web of factors contributing to this downturn. The recent surge in coffee shop openings has created a perfect storm of oversaturation, particularly in areas like Port St.
Lucie, Florida, where chain stores once dominated the landscape. According to IBISWorld's Coffee & Snack Shops in the US Industry Data and Analysis, the industry boasts an annualized growth rate of 2.