Food and drink
Boar’s Head indefinitely closes Virginia plant tied to deadly listeria outbreak, discontinues liverwurst
Boar’s Head announced Friday it has indefinitely shut down a Virginia deli meat plant and discontinuing the liverwurst that is linked to a deadly multi-state listeria outbreak that also sickened dozens. In what it called a “dark moment” in the company’s history, Boar’s Head said in a Friday statement it’s indefinitely closing its plant in Jarratt, Virginia, where the […]
Read More
Restaurant chain BurgerFi files for Chapter 11 bankruptcy protection
A BurgerFi location is seen on August 20, 2024 in Arlington, Virginia. Tierney L. Cross | Getty Images BurgerFi filed for Chapter 11 bankruptcy protection on Tuesday, less than a month after it warned investors it had “substantial doubt” about its ability to operate. The company joins the growing list of restaurant chains that have […]
Read More
SEC charges Keurig Dr Pepper for making inaccurate claims about K-Cups’ recyclability
Green tea pod is visible inside a Keurig brand coffee maker, Lafayette, California, December 17, 2022. Photo courtesy Sftm. Gado | Archive Photos | Getty Images The Securities and Exchange Commission has charged Keurig Dr Pepper for making inaccurate claims about the recyclability of its disposable K-Cup pods, the agency said Tuesday. Keurig has agreed […]
Read More
As consumers trade down to cheaper private label brands, these stocks could head up
Inflation may be coming under control, but the cumulative toll of month after month of soaring prices, higher interest rates and swelling debt has wreaked havoc on household finances. Anecdotes shared on retailer conference calls have drawn a portrait of a more selective and cautious shopper. At the low-end, the situation is particularly strained. Dollar […]
Read More
Beyond Meat to launch new steak alternative as it focuses on health
Beyond Meat in El Segundo, California, on May 30, 2024. Christina House | Los Angeles Times | Getty Images Beyond Meat will introduce a whole-muscle steak alternative as part of its pivot to win over health-conscious consumers. CEO Ethan Brown said on Wednesday that the rollout will likely include a partnership with a restaurant chain […]
Read More
Molson Coors pumps the brakes on DEI practices
Coors beer is displayed on a store shelf on February 13, 2024 in San Rafael, California. Justin Sullivan | Getty Images Molson Coors is the latest addition to a growing list of companies reversing their diversity, equity and inclusion policies. In an internal memo sent Wednesday and obtained by CNBC, Molson Coors executives said the […]
Read More
Goldman Sachs says this Mexico-based Coca-Cola bottler is poised to jump more than 30%
Coca-Cola FEMSA could be a good defensive buy for investors looking to hedge upcoming election volatility, according to Goldman Sachs. The bank upgraded shares of the Mexico-based coke bottler to a buy rating from neutral. The firm also set a new 12-month target price of $113.70, up from $108.30. This updated forecast is about 35% […]
Read More
Cannabis industry targets luxury consumers with Fifth Avenue marijuana dispensary, Hamptons presence
The Travel Agency on Fifth Avenue in New York Cityis an adult-use recreational marijuana dispensary. Courtesy: The Travel Agency Cannabis consumption has turned a corner — and now it’s on Fifth Avenue. Shoppers walking along the iconic New York stretch of retailers can pick up jewels from Cartier and new threads from Saks, as well […]
Read More
Nestle CEO departure seen as ‘not such a bad thing’ for investors, analyst says
Swiss food giant Nestle’s headquarters in Vevey, Switzerland. Fabrice Coffrini | Afp | Getty Images LONDON — Investors may think that the replacement of Nestle CEO Mark Schneider with company veteran Laurent Freixe is “not such a bad thing,” analyst Jon Cox said Friday. Cox, who is head of consumer equities at Kepler Cheuvreux, told […]
Read More
Europe’s wineries battle to survive as extreme heat hurts production
This year’s wine harvest is in full swing on the perennially popular Greek island of Santorini, but for local winemaker Yiannis Paraskevopoulos, the prospects do not look good. Extreme temperatures are threatening production of the indigenous Assyrtiko grape, critical to the island’s internationally recognized fine white wines. Last year’s output at Paraskevopoulos’s Gaia Wines was […]
Read More