Alexanderford | E+ | Getty Images Americans are paying more for a broad swath of household goods these days. Even items without a higher sticker price may still cost more — it’s just hard to not...
Tag: Food and drink
Impossible Foods taps top Chobani executive for its new CEO
Impossible Foods CEO Pat Brown in 2019 Robyn Beck | AFP | Getty Images Impossible Foods founder Pat Brown is stepping down as CEO, and Chobani’s departing operating chief, Peter McGuinness, will...
Chipotle tests robot kitchen assistant named Chippy to make tortilla chips
Chipotle is testing a new autonomous kitchen assistant to handle cooking up one of its core menu items —tortilla chips. The company’s culinary and technology teams are working with Miso Robotics...
Starbucks CEO Kevin Johnson is retiring, Howard Schultz returns as interim chief
Starbucks CEO Kevin Johnson is retiring after five years on the job. Howard Schultz will return as interim CEO, once again taking the helm of the company he elevated into a global brand while the comp...
Wendy’s Follows McDonald’s, Chipotle in Making a Big Move
Wendy’s (WEN) – Get Wendy’s Company Report has built its business on value as much, if not more, as it has attracted customers based on its promise of fresh, never-frozen beef. Much ...
Starbucks urged by investors to adopt neutral policy toward union efforts
Several investors, led by Trillium Asset Management, are urging Starbucks to adopt a global policy of neutrality for all current and future attempts of its workers to organize. They also want Starbuck...
Jones Soda unveils cannabis-infused sodas under new brand
Jones Soda’s cannabis offshoot, Mary Jones Source: Jones Soda Meet Mary Jones, the new brand from Jones Soda that will feature cannabis-infused sodas, gummies and syrups. It’s a bold step ...
There’s ‘nowhere to hide’ for consumers as inflation hits food, gas, housing
David Sacks | Getty Images Consumer prices are rising at their fastest pace in decades — and that inflation has been most acute in household staple items like food, housing and transportation, making ...
Impossible Foods sues start-up Motif FoodWorks for patent infringement
A customer picks up a package of Impossible Burger plant based meat during the Impossible Foods Inc. grocery store product launch at Gelson’s Markets in Los Angeles, California, U.S., on Friday,...
Coca-Cola follows McDonald’s, Starbucks in suspending business in Russia
Bottles of Coca Cola products are displayed in a cooler at Colonial Liquors on February 10, 2022 in Corte Madera, California. Justin Sullivan | Getty Images Coca-Cola on Tuesday said it was suspending...
Kroger, Impossible Foods partner to create meat substitutes; Beyond Meat shares fall
Impossible Pork Char Siu Buns are sampled during an Impossible Foods press event for CES 2020 at the Mandalay Bay Convention Center on January 6, 2020 in Las Vegas, Nevada. David Becker | Getty Images...
France is the most visited country in the world. Here’s why
You might think a large country like the United States is the most visited in the world, but you’d be wrong — France takes that honor. About 90 million international visitors traveled there in 2...
Beyond Meat (BYND) Q4 2021 earnings miss estimates, stock tumbles
Packages of Beyond Meat Inc.’s plant based meat products, Beyond Burger and Beyond Sausage, are displayed at a supermarket on November 19, 2020 in Katwijk, Netherlands Yuriko Nakao | Getty Image...
Kraft Heinz wants to make plant-based hot dogs through new venture
Hot dogs could be the next grocery store item to get a plant-based makeover. Kraft Heinz announced Tuesday it is forming a joint venture with TheNotCompany, a Chilean start-up valued at $1.5 billion t...
Molson Coors (TAP) Q4 earnings miss estimates, sales beat expectations
Bottles of Coors beer are displayed on a shelf at a liquor store in Fairfax, California. Justin Sullivan | Getty Images Molson Coors Beverage’s Miller Lite and Coors Light saw sales growth in 20...
Beam Suntory sales rise 11% in 2021, fueled by shift to high-end spirits
In the last three years, Knob Creek bourbon has restored the nine-year age statement on its bottles, updated its label design and started selling 12-year and 15-year versions of its whiskey. Prices us...
Carl Icahn launches proxy fight with McDonald’s over treatment of pigs
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Billionaire investor Carl Icahn has started a proxy fight with McDonald’s over the fast food giant&#...
Nestle CEO open to doing a ‘big deal’ after cutting L’Oreal stake
The CEO of Swiss food and beverage giant Nestle has said it would be open to doing a “big deal” as it reasserts its growth strategy after cutting its stake in French cosmetics business L&#...
Coca-Cola (KO) Q4 2021 earnings
A woman is drinking Coca-Cola near Playacar Beach in Playa del Carmen. Artur Widak | NurPhoto | Getty Images Coca-Cola on Thursday reported quarterly earnings and revenue that topped analysts’ e...
PepsiCo (PEP) Q4 2021 earnings
In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images PepsiCo on Thursday beat expectations for fiscal fourth-quarter earnings and ...
Tequila could overtake vodka as America’s top liquor as sales boom
An employee pours tequila into the popular Mountain Dew Baja Blast frozen drink at the new Taco Bell Cantina in Brookline, MA. John Tlumacki | Boston Globe | Getty Images Tequila could soon overtake v...
Premixed cocktails steal share from beer and hard seltzer, propelling surging growth
Anna Elias | Moment | Getty Images Premixed cocktails were the fastest-growing spirits category in 2021, stealing share from beer and hard seltzer. Sales of premixed cocktails surged 42.3% to $1.6 bil...
PepsiCo to launch hemp seed-infused drink under Rockstar Energy
PepsiCo’s Rockstar Unplugged, infused with hemp seed Source: Pepsico PepsiCo’s latest drink from Rockstar Energy wants to help consumers chill out. Infused with hemp seed oil, spearmint, l...
Bud Light Seltzer’s Super Bowl ad spotlights new line, stars Guy Fieri
Guy Fieri in Bud Light Seltzer Hard Soda’s Super Bowl commercial Source: Bud Light Bud Light Seltzer is hoping that a Super Bowl ad starring celebrity chef Guy Fieri will help jump-start sales i...
Nestle’s CEO says tackling child labor in cocoa needs new approach
Farmer Oluranti Adeboye, 62, harvests cocoa at Sofolu village in Ogun State, southwestern Nigeria, on June 5, 2018. Pius Utomi Ekpei | AFP | Getty Images The cocoa industry faces urgent challenges. It...