Food and drink
Foodpanda confirms layoffs, talks to sell element of its Asia food shipping and delivery company
A courier for Foodpanda, a meal-shipping and delivery services operated by Delivery Hero AG, checks his smartphone while sitting down on a bike at the company’s functions heart in Bangkok, Thailand, on Friday, March 16, 2018. Bangkok’s famed adore affair with meals is spilling about to food-shipping apps, a fledgling sector that Foodpanda projects will […]
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Here are the risks to alcohol and food stocks from Ozempic-like weight loss drugs
The rise of new anti-obesity medications could result in less alcohol consumption, impacting Club name Constellation Brands (STZ). The risk already seems to be playing out in food stocks with exposure to snacks and junk food. However, if necessary, the Mexican beer powerhouse behind Corona, Modelo and Pacifico could take action to mitigate any demand […]
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Kraft recalls 84,000 cases of American cheese slices over choking hazard
Packages of Kraft Foods’ Singles cheese slices are displayed at a supermarket in New York. Scott Eells | Bloomberg | Getty Images Kraft Heinz recalled nearly 84,000 cases of Kraft Singles cheese slices on Tuesday after multiple customers reported a choking hazard. The food giant received complaints of plastic film that stuck to the cheese […]
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French grocery chain provides ‘shrinkflation’ labels to solutions in bid to shame provider pricing
Procuring cart in a section of a Carrefour grocery store, in entrance of pastas and sauces. Andia | Common Pictures Group | Getty Photos French grocery chain Carrefour has taken the abnormal stage of introducing labels to its solutions that have lately shrunk in measurement but have ramped up in price tag. The go — […]
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Kevin Hart’s tequila brand strikes deal with Philadelphia Eagles as spirits push deeper into sports
When the Philadelphia Eagles kick off their home opener on Thursday Night Football, the NFL team will also start a new sponsorship deal with Gran Coramino, the luxury tequila brand co-founded by comedian, entrepreneur and Philadelphia native Kevin Hart. “It’s a big deal! To be in partnership with the Eagles and aligned with Philadelphia in […]
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How Outback’s good results in Brazil is keeping the Australian-design and style barbecue chain alive
Outback Steakhouse, renowned for its American twist on Australian-fashion barbecue, has discovered unpredicted good results in Brazil as its U.S. business enterprise stalls. The South American segment is liable for an astonishing 83% of Bloomin’ Brands’ overall worldwide profits. In the initially 50 % of 2023, Brazilian income surged by 61%, foot targeted visitors rose […]
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How Luckin Coffee overtook Starbucks as the premier espresso chain in China
SHENZHEN, CHINA – 2020/10/05: Chinese espresso store chain Luckin Coffee brand viewed at a retail outlet. (Picture by Alex Tai/SOPA Visuals/LightRocket by means of Getty Photographs) Sopa Illustrations or photos | Lightrocket | Getty Images Chinese coffee large Luckin Espresso strike 10,000 shops in China in June, surpassing Starbucks as the greatest coffee chain manufacturer […]
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Wager in opposition to America’s enjoy for junk food stuff? Morgan Stanley sees hard periods forward for snack stocks like Hostess
J.M. Smucker ‘s prepare to obtain Twinkies -maker Hostess Models is a risky shift, if Morgan Stanley’s most current investigate is appropriate. The company revisited its August call that a new course of body weight loss medicines would hamper expansion at some foodstuff and beverage firms . This time it backed up its thesis with […]
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Jelly giant J.M. Smucker agrees to buy Twinkie maker Hostess Brands for $5.6 billion
Hostess Twinkies and CupCakes are displayed on a store shelf on May 17, 2021 in San Anselmo, California. Justin Sullivan | Getty Images Jelly maker J.M. Smucker is buying Twinkie owner Hostess Brands for $5.6 billion, or $34.25 a share. Hostess shareholders will receive $30 in cash and .03002 shares of Smucker’s stock for each […]
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Autumn arrives earlier than ever for Starbucks and others with pumpkin menu items
Starbucks’ iced pumpkin cream chai tea latte. Source: Starbucks In most of the U.S., tree foliage is green and temperatures are warm. But for many restaurants and retailers, fall is already here. Halloween candy and pumpkin spice lattes used to wait until after Labor Day to make their annual debuts, ushering in the start of […]
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