Restaurants
Ex-fugitive in $100 million New Jersey deli situation leaves Thailand for U.S. courtroom listening to
Peter Coker Jr., still left, is issued lookup warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023. Crime Suppression Division, Royal Thai Law enforcement | AP A previous fugitive charged with inventory manipulation in the weird circumstance of a dollars-shedding New Jersey deli at the time valued […]
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Tyson Foods to lay off 1,700 workers, close two chicken plants
A package of Tyson Foods Inc. chicken is arranged for a photograph in Tiskilwa, Illinois. Daniel Acker | Bloomberg | Getty Images Tyson Foods will close two chicken plants in May, affecting nearly 1,700 employees. “While the decision was not easy, it reflects our broader strategy to strengthen our poultry business by optimizing operations and […]
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This female gave up law to begin a restaurant — and turned it into a prosperous street food stuff chain
Nisha Katona, founder and CEO of Mowgli Street Food items. Mowgli Road Food Nisha Katona didn’t genuinely want to quit law. Her a long time of operating as a demo lawyer didn’t feel like perform to her, she told CNBC neither does her present-day occupation as the CEO of the popular cafe chain Mowgli Road […]
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Starbucks CEO Howard Schultz agrees to testify at Senate hearing after subpoena threat
Senator Bernie Sanders (I-VT) (L), Starbucks CEO Howard Schultz Reuters (L) | Getty Images (R) Starbucks CEO Howard Schultz has agreed to testify in a U.S. Senate hearing about the coffee chain’s alleged union busting after pressure from Sen. Bernie Sanders. The Senate’s Health, Education, Labor and Pensions, or HELP, Committee was scheduled to vote […]
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Nestle, Tyson and other food giants bet on air fryer boom to grow sales
An Air Fryer for sale at Kroger Marketplace in Versailles, Kentucky, U.S., on Tuesday, Nov. 24, 2020. Scotty Perry | Bloomberg | Getty Images Kettle Foods, known for its kettle-cooked potato chips, recently unveiled what it called “the future of the potato chip category”: air-fried chips. The Campbell Soup brand’s snack launch, made with patent-pending […]
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Sen. Bernie Sanders calls vote on possible subpoena for Starbucks CEO Howard Schultz over allegations of union-busting
Starbucks Chairman and former CEO Howard Schultz Jason Redmond | AFP | Getty Images Sen. Bernie Sanders is making good on his threat of a subpoena for Starbucks CEO Howard Schultz on what Sanders has called union-busting activity at the company’s coffee shops. Sanders said Wednesday that the Senate’s Health, Education, Labor and Pensions, or […]
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McDonald’s expands Krispy Kreme test to more than 150 Kentucky locations
In this photo illustration, a Krispy Kreme glazed doughnut is shown on May 12, 2022 in Daly City, California. Justin Sullivan | Getty Images McDonald’s will sell Krispy Kreme doughnuts at more than 150 Kentucky locations starting next month, for a limited time. It’s an expansion of the fast-food giant’s initial test with the sweet […]
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Big city restaurants and bars are missing office workers’ spending on Mondays and Fridays
Commuters arrive into the Oculus station and mall in Manhattan on November 17, 2022 in New York City. Spencer Platt | Getty Images Many restaurants and hotels in city downtowns are seeing sales come back to pre-pandemic levels — but only on Tuesdays, Wednesdays and Thursdays. In cities such as New York, Los Angeles and […]
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Outside of Meat studies slim-than-predicted quarterly loss irrespective of sinking gross sales
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are revealed for sale at a marketplace in Encinitas, California, June 5, 2019. Mike Blake | Reuters Further than Meat on Thursday claimed a narrower-than-expected decline for its fourth quarter, regardless of its profits sinking a lot more than 20%. Shares of the firm climbed […]
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Domino’s and Papa John’s shares sink after pizza chains deliver soft sales, outlook
Medianews Group/reading Eagle Via Getty Images | Medianews Group | Getty Images Domino’s Pizza and Papa John’s both fell in pre-market trading after reporting mixed earnings on Thursday morning. Domino’s missed analyst estimates on U.S. same-store sales and total revenue for the quarter. Domino’s also lowered its outlook. Papa John’s posted softer-than-expected North America sales. […]
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