Restaurants
This company could take lab-grown meat mainstream thanks to a green light from the FDA
A look at Upside’s prepared chicken product. Upside Foods When Amy Chen took her first bite of chicken meat grown directly from cells in a lab, her initial reaction was a cliché one-liner: It tasted like chicken. That bite was years in the making. Chen is the operating chief at Upside Foods, a Berkeley, California-based […]
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Bowlero executive publicly comments on discrimination probe for first time as bowling alley chain continues torrid growth
A Bowlero executive publicly addressed the sprawling federal discrimination probe the company is facing for the first time Wednesday after it reported another quarter of what it called record-breaking growth. Brett Parker, the company’s outgoing chief financial officer and longtime number two to CEO Thomas Shannon, was asked about the investigation during an earnings call. […]
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Kraft Heinz unveils customizable sauce dispenser with more than 200 condiment combos for restaurants
A rendering of the Heinz Remix dispenser Source: Kraft Heinz For more than 125 years, Heinz bottles have touted “57 varieties,” a number completely made up by its founder with little to no real-life application. Now, Kraft Heinz wants to offer customers more than three times that number of condiment options through a new customizable […]
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China’s recovery lifts U.S. companies’ sales as domestic customers pull again spending
Pedestrians stroll previous Yum! Brands Inc. Pizza Hut and KFC places to eat in Shanghai, China. Qilai Shen | Bloomberg | Getty Illustrations or photos China is leaving behind pandemic lockdowns, and U.S. firms like Procter & Gamble, Starbucks and MGM Resorts International say the country’s restoration is boosting their general product sales as people […]
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In Chinatowns across the U.S., tradition and history collide with luxury development
Just a few hundred people of Chinese heritage still live in Washington, D.C.’s Chinatown. Many have been pushed out to cheaper and safer areas. Noah Sheidlower | CNBC Penny and Jack Lee, now married, grew up in the 1960s and 1970s among the thousands of people of Chinese heritage who lived in apartments lining the […]
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McDonald’s new battle over the way the Massive Mac and fries are packaged
S3studio | Getty Illustrations or photos News | Getty Illustrations or photos In 1990, McDonald’s ditched the styrofoam household for the Major Mac, and its signature burger has been served ever considering the fact that in paper wrap. Reusable packaging may be subsequent. McDonald’s is making some development on a goal it established in 2018 […]
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Bowlero, the public company that reimagined bowling, faces dozens of discrimination claims that the feds want to settle for $60 million
Bowlero, the buzzy bowling company that was one of the few successful stocks to emerge from the SPAC boom, is the subject of a sprawling federal investigation into age discrimination and retaliation that authorities now want to settle for $60 million, CNBC has learned. Negotiations over the settlement, proposed by the U.S. Equal Employment Opportunity […]
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Restaurants embrace premium reservations to target big spenders
The OpenTable website on a mobile phone arranged in Dobbs Ferry, New York, May 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Under pressure from rising costs and still feeling the hangover from pandemic losses, restaurants are embracing reservations that target higher-income diners as more consumers book their tables ahead of time. The pandemic […]
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Salad chain Sweetgreen reports narrowing losses as it aims for profitability
Nicolas Jammet, chief concept officer and co-founder of Sweetgreen Inc., right, eats a salad during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Sweetgreen on Thursday reported a narrower-than-expected loss in […]
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Olive Garden parent Darden Restaurants bets on fine dining with $715 million Ruth’s Chris deal
A Ruth’s Chris Steak House in Miami, May 3, 2023. Joe Raedle | Getty Images News | Getty Images Olive Garden owner Darden Restaurants is betting on fine dining with its $715 million acquisition of Ruth’s Chris Steak House. The company’s announcement on Wednesday that it’s adding another fine-dining restaurant to its portfolio surprised some. […]
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