Restaurants
Cocoa prices are soaring. Candy makers will need to get creative
Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Ferley Ospina | Bloomberg | Getty Images There’s pricing pressure taking hold of a specific corner of global agriculture — and it’s bittersweet. Prices of cocoa have more than tripled over the […]
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Tyson Foods suspends CFO after second arrest
John R. Tyson speaks on stage during The Fight for Food: Value Chains and Partnerships at The 2022 Concordia Annual Summit in New York on September 21, 2022. Leigh Vogel | Getty Images Tyson Foods said on Thursday it has suspended its chief financial officer, John R. Tyson, after he was charged with driving while […]
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Meet up with the guy powering Odette — a person of three restaurants in Singapore with a few Michelin stars
Odette is named immediately after a revered matriach in Chef Julien Royer’s existence: his grandmother. “She is definitely a person pretty vital to me, and the human being that truly showed me how significantly passion, satisfaction, joy and emotion you can give to people via food items,” he informed CNBC. Initially from central France, Royer […]
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McDonald’s exec says average menu item costs 40% more than in 2019
A sign is posted in front of a McDonald’s restaurant in San Leandro, California, Feb. 6, 2024. Justin Sullivan | Getty Images A top McDonald’s executive is weighing in on claims that the company has jacked up its prices. Joe Erlinger, president of McDonald’s USA, said in an open letter Wednesday that the average price […]
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Starbucks is set to resume union negotiations as it confronts issues at its stores
People picket outside of a Starbucks store in New York’s East Village as Starbucks Workers United have announced that they are waging the company’s largest strike Thursday on the coffee company’s Red Cup Day on November 16, 2023 in New York City. Spencer Platt | Getty Images When Starbucks and its baristas union resume contract […]
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McDonald’s might never expand CosMc’s. But the spinoff could still pay dividends
The purple coloring of CosMc’s Tropical Spiceade comes from the mix of lemonade, pineapple flavoring and dragonfruit. Amelia Lucas | CNBC Nearly six months since McDonald’s opened its first CosMc’s location, the hours-long drive-thru lines have died down, but the chain is just getting started. The burger giant created the spinoff using one of its […]
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How non-public equity rolled Pink Lobster
In this photograph illustration, a cooked lobster is displayed on a plate at a Pink Lobster cafe on May possibly 20, 2024 in Austin, Texas. Brandon Bell | Getty Photographs Offended that your favorite Pink Lobster closed down? Wall Street wizardry experienced a ton to do with it. Red Lobster was America’s most significant informal dining […]
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Documentary filmmaker Morgan Spurlock, who skewered rapidly meals market, dies at 53
Morgan Spurlock in town conversing to the Herald’s Tenley Woodman about his new movie. Friday, April 04, 2008. Ted Fitzgerald | Medianews Group | Getty Visuals Documentary filmmaker Morgan Spurlock, an Oscar nominee whose most well-known operates skewered America’s food stuff marketplace and who notably ate only at McDonald’s for a thirty day period to […]
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McDonald’s franchisee group says $5 value meal can’t last without company investment
An employee hands an order to a customer through a drive-thru window at a McDonald’s restaurant in Oakland, California, April 9, 2020. David Paul Morris | Bloomberg | Getty Images An independent advocacy group of McDonald’s franchisees is weighing in on the company’s upcoming value meal promotion, cheering affordability for the consumer, but pushing for […]
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Nestle to launch Vital Pursuit frozen-food brand targeting GLP-1 users
Vital Pursuit’s Garlic Herb Grilled Chicken Bowl Source: Nestle North America Nestle is launching a new frozen-food brand, Vital Pursuit, aimed at the growing market of consumers who are using GLP-1 drugs like Ozempic and Wegovy. Over the last year, the buzzy weight loss and diabetes drugs have taken off as more options hit the […]
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