Food and drink
Restaurant chain Tam Jai Intercontinental expects Hong Kong development momentum to proceed
ShareShare Posting by way of FacebookShare Report via TwitterShare Post by way of LinkedInShare Article via E mail Tam Jai Worldwide CEO and Chairman Daren Lau claims the cafe chain’s “ease and comfort food” is significantly less prone to fluctuating demand from customers stemming from Hong Kongers’ abroad travel styles. Supply
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Mars’ $662 million acquisition bid sends shares of Britain’s Hotel Chocolat soaring 160%
Trafford Centre, Manchester, London, ENGLAND – September 2023: Hotel Chocolat External Retailer Signal (Picture by Peter Dazeley/Getty Visuals) Peter Dazeley | Getty Pictures Information | Getty Visuals LONDON — U.S. food stuff giant Mars mentioned Thursday that it will buy British chocolatier Lodge Chocolat for £534 million ($662 million), as the manufacturer seeks to strengthen […]
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Red Bull’s F1 dominance is translating to higher energy drink sales, team’s principal says
Red Bull’s Max Verstappen celebrates after winning the Brazilian Grand Prix on Nov. 5, 2023. Amanda Perobelli | Reuters Red Bull Racing’s dominance in Formula 1 this year is translating directly to higher sales of its namesake energy drink, the team’s principal and CEO, Christian Horner, told CNBC. “There’s an old adage of, ‘Win on […]
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Thanksgiving dinner will be cheaper this year thanks to lower turkey costs, survey shows
A shopper walks past turkeys displayed for sale in a grocery store ahead of the Thanksgiving holiday on November 11, 2021 in Los Angeles, California. Mario Tama | Getty Images News Food inflation has been on a tear, with prices for food at home up 2.1% year-over-year in October, according to the consumer price index. […]
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Is modern-day food building us ill?
Additional than half of the energy eaten in an regular home in the U.S. or U.K. will come from ultra-processed foods. Intake is now significant in the created entire world and speedily raising in creating international locations. Nevertheless, new scientific experiments have joined eating UPF with serious health and fitness challenges like diabetes, obesity, and […]
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World wide rice marketplaces are in disaster amid ‘artificial’ scarcity
Rice is a critical staple for more than half the global inhabitants and the globe is bracing for its most sizeable lack in 20 years. India’s export ban on rice is reverberating through world rice markets, threatening meals safety if building nations simply cannot afford to pay for or obtain rice. “The only shortage out […]
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Food-delivery startup Wonder Group gets $100 million investment from Nestle
Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It’s also developed high-tech kitchen equipment to speed up and simplify cooking. Wonder Group Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment […]
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Wall Street is asking how weight-loss drugs will affect consumer giants — but it may be too early to tell
A worker organizes cans of PepsiCo Inc. soda on a shelf inside a grocery store in Phoenix, Arizona, U.S., on Thursday, July 6, 2017. PepsiCo Inc. is scheduled to release earnings figures on July 11. Photographer: Caitlin O’Hara/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images If you listen to third-quarter corporate earnings calls, […]
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Canned tuna is a $40 billion marketplace. But it’s going through some existential threats
Valued at an estimated $40 billion, the tuna marketplace is a significant player in the world foods sector. The U.S. imported about 637.9 million lbs of tuna in 2021, in accordance to the most current information from the National Oceanic and Atmospheric Administration — nearly 71% of that was canned. The field is dominated by […]
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Bud Light tries for a comeback with a focus on sports and concerts
Anheuser-Busch InBev said it will concentrate its marketing on sporting and music events as it tries to reverse falling sales of its flagship beer Bud Light in the face of conservative backlash in the U.S. The brewing giant revealed part of its plan to revitalize the brand Tuesday after it reported third-quarter earnings that beat […]
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