Food and drink
Walmart CEO says shoppers are being more selective as they deal with inflation
The American shopper is still feeling “stressed” by inflation, but the effects aren’t being felt evenly across categories, Walmart CEO Doug McMillon said Tuesday. “We’ve got some customers who are more budget-conscious that have been under inflation pressure now for months,” he told CNBC’s “Squawk Box.” “That sustained pressure in some categories, I think, is […]
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PepsiCo plans to cut hundreds of corporate jobs, report says
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo is eliminating hundreds of corporate jobs in North America, according to the Wall Street Journal. The layoffs will affect employees of its food and beverage businesses in Chicago; Plano, Texas and Purchase, New York, the Journal […]
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Brexit has additional 6% to Britons’ food stuff bills, new examine finds
Brexit has added extra than £200 to the regular U.K. household meals invoice, in accordance to a new research from the London School of Economics. Nathan Stirk | Getty Visuals Information | Getty Visuals Brexit boosted Britons’ average food items expenditures by £210 ($254) in excess of two a long time, in accordance to a […]
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From cereal to food giant — Kellogg stages a makeover
Kellogg, the 117-year-old brand that started as a breakfast cereal company has since expanded to be one of the largest food companies in the world, has seen declining cereal sales over the past couple of decades. The one-time category leader is now facing a number of setbacks, including numerous lawsuits over its products’ nutritional value […]
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Supreme Court agrees to hear Jack Daniel’s trademark case against dog toy company
Jack Daniel’s, Tennessee whisky. Newscast | Universal Images Group | Getty Images The Supreme Court has agreed to take up a trademark case centered around a squeaky dog toy that’s “43% Poo by Vol.” and “100% smelly.” The court on Monday agreed to hear the trademark dispute brought by whiskey maker Jack Daniel’s against VIP […]
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FDA says lab-grown meat is safe for human consumption
Uma Valeti, CEO and founder, UPSIDE Foods speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, October 18, 2021. David Swanson | Reuters The Food and Drug Administration for the first time cleared a lab-grown meat product developed by a California start-up as safe for human consumption, marking a key milestone for […]
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Chook flu is threatening British meals staples, from the English breakfast to Christmas meal
Egg shortages could be on the cards as avian flu sweeps by Europe. Sam Mellish / Contributor / Getty Illustrations or photos LONDON — The basic English fry-up and traditional Christmas turkey meal could be under risk as Britain bargains with the impact of soaring scenarios of avian flu. Fried, poached, scrambled and boiled eggs […]
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Tyson CFO apologizes to investors after arrest on charges of public intoxication, trespassing
John Tyson mugshot Source: Washington County, Arkansas Tyson Foods CFO John Tyson apologized to investors Monday after he was arrested Nov. 6 on charges of public intoxication and trespassing. CEO Donnie King said the company’s independent board of directors is overseeing a review of the matter. Tyson, who is the son of the company’s chairman, […]
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Juul reaches financing deal, plans to cut 30% of jobs to dodge bankruptcy
Packages of Juul e-cigarettes are displayed for sale in the Brazil Outlet shop on June 22, 2022 in Los Angeles, California. Mario Tama | Getty Images Juul Labs said Thursday it secured financing from early investors, as it made plans to lay off nearly a third of its staff in a bid to avoid bankruptcy. […]
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Keurig Dr Pepper CEO resigns after violating company’s code of conduct
The Keurig Dr Pepper logo is displayed on a smartphone screen. Rafael Henrique | Lightrocket | Getty Images Keurig Dr Pepper announced Thursday that CEO Ozan Dokmecioglu agreed to resign after violating the company’s code of conduct, less than four months into the job. The beverage giant said the violations were not related to the […]
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