Food and drink
Constellation Brands beats on earnings as Modelo-fueled beer momentum continues
In this photo illustration, bottles of Modelo Especial beer sit on a table on June 14, 2023 in Los Angeles, California. Mario Tama | Getty Images Constellation Brands on Thursday reported earnings and revenue that topped analysts’ expectations for its fiscal second quarter of 2024. The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra […]
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Tilray Brands revenue jumps, losses narrow as it pivots away from cannabis
Cannabis producer Tilray Brands on Wednesday reported a jump in revenue as it diversifies its portfolio and moves deeper into the beer industry. The company reported $177 million in net revenue, up 15% year-over-year, for its fiscal first-quarter. Its cannabis division brought in $70 million in net revenue, reflecting a 20% spike year-over-year. It also narrowed […]
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Krispy Kreme puts Insomnia Cookies brand up for sale as it doubles down on donuts
In this photo illustration, a Krispy Kreme glazed doughnut is shown on May 12, 2022 in Daly City, California. Justin Sullivan | Getty Images Krispy Kreme is exploring strategic alternatives, including an all-cash sale, of its majority stake in Insomnia Cookies, the company said Tuesday. The decision is part of an effort to focus more […]
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Big Food vs. Big Pharma: Companies bet on snacking just as weight loss drugs boom
The snack aisle is seen during a tour of a new Amazon Go store in the Capitol Hill neighborhood of Seattle, Washington, U.S., on Monday, Feb. 24, 2020. Chona Kasinger | Bloomberg | Getty Images For more than a century, frosted cornflakes have been the backbone of Kellogg’s business. That changes Monday, when the company […]
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Blue Apron to be acquired by Wonder Group for $103 million, capping tumultuous post-IPO ride
Scott Eisen | Getty Images News | Getty Images Meal kit business Blue Apron announced Friday it has agreed to sell itself to food and restaurant company Wonder Group, founded by entrepreneur Marc Lore, for $103 million. The deal, at $13 per share, represents a significant premium from Blue Apron’s per-share price at Thursday’s close […]
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Inside American Airlines’ new kitchen – and how it would make 15,000 meals a working day
Meals services on domestic airways has greatly improved in recent years. American Airways just developed a 214,000-square-foot facility at Dallas-Fort Worth Global Airport. It prepares up to 15,000 foods a day, with the aid of robots, for extra than 800 flights everyday. The new kitchen capabilities extra automation to preserve up with need and to […]
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A at the rear of-the-scenes appear at how American Airlines will make 15,000 foods a day
ShareShare Write-up by means of FbShare Report by way of TwitterShare Write-up by using LinkedInShare Write-up via E mail American Airways just designed a 214,000 square foot facility at Dallas-Fort Worthy of Intercontinental airport. It prepares up to 15,000 meals a working day, with the assist of robots, for much more than 800 flights every […]
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Shoppers face higher orange juice prices as futures hit another record
Coca-Cola Co.’s Minute Maid and Simply Orange brand orange juices sit on display in a supermarket in Princeton, Illinois. Daniel Acker | Bloomberg | Getty Images Orange juice is the latest item to succumb to higher prices at the grocery store, with futures on the commodity good reaching an all-time high this week. Future prices […]
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I walked more than 100 miles in Kyoto. In this article are 5 new sites really worth going to
Kyoto’s flat geography will make prolonged strolls quick. And by working with bustling Shijo Road — also acknowledged as Shijo-dori — as a major avenue for navigation, it was a breeze to weave by way of the town through my 3-month trip in May well. Between meal runs and plotting routes to well-liked points of […]
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The first tour inside Manhattan’s newest private club, with $100,000 membership fees
A battle between elite membership clubs is about to reach a whole new level, as Core Club’s new 60,000-square-foot megaclub prepares to open in Manhattan next month. The new Core space, spread over four floors above Midtown, is the latest in a wave of elite membership clubs that have opened in major cities since the […]
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