Godiva Chocolatier, has agreed to sell parts of its Asia-Pacific business to private equity firm MBK Partners, Godiva CEO Annie Young-Scrivner told Reuters. » Read More
By: Cassie Slane
To prevent consumers from becoming confused between regular milk and plant-based milk, dairy farmers are asking the FDA to enforce the definition of milk as "lacteal secretion from milking one or more healthy cows," NBC News reports. » Read More |
By: Thomas Franck
Papa John's investors will be disappointed as the company struggles to balance declining transactions and slumping profitability. » Read More |
A Mongolian regulator said it will suspend operations at KFC restaurants temporarily to conduct inquiries, as 42 people were hospitalized and hundreds showed food poisoning symptoms after eating at one of the outlets of the fast-food chain. » Read More |
Schultz is the largest individual shareholder of Starbucks, holding about 37 million shares with a market value of $2.5 billion, according to FactSet.
Danish brewer Carlsberg raised profit guidance twice during 2018 after the firm was boosted by a hot summer, Soccer's World Cup in Russia, and growth in China.
The founder of Psi Bands tries to land funding for her stylish nausea-relief wrist bands.
A trademark application to the U.S. Patent and Trademark Office (USPTO) noted that there had been "massive unsolicited media coverage of Chunky" such as parodies on "Saturday Night Live", "The Simpsons" and "Family Guy."
Tyson, one of the biggest food companies in the U.S. by sales, supplies meat to restaurants and other food-service customers. It also sells branded chicken, beef and pork under names such as Jimmy Dean, Hillshire Farm and Golden Island Jerky.
In the U.S., a mere 3 percent of grocery spending takes place online today. A new study by Bain & Co. in collaboration with Google finds shoppers are still reluctant to try delivery services and often don't stick with them.
Anheuser-Busch used one of its Super Bowl ads to shame Bud Light rivals Miller Lite and Coors Light for using corn syrup to brew their beers, but dietitians say the sweetener isn't all that bad when used to make beer.
Seasoning company McCormick has decided to spice up consumers' lives — using artificial intelligence (AI). The business is working with IBM on an initiative that will analyze its data on taste that has been collected over more than 40 years.
If Twitter mentions are anything to go by, PepsicCo and brewer Anheuser-Busch InBev (AB InBev) both did pretty well out of their marketing investments during the Super Bowl 2019.
Howard Schultz, the former Starbucks CEO, threw his hat into the ring of 2020 presidential contenders with a call to confront the nation's debt problems. But former Obama administration official Jason Furman told CNBC the billionaire's got it wrong.
Started in 1987, the Gatorade dunk has evolved into an iconic event that has put the PepsiCo's sport drink brand on center stage.
Experts say Schultz — who already was facing long odds of winning by saying that if he runs for the White House in 2020 it will be as an independent — hurt his chances during the week even further with a series of unforced errors.
"People are moving to spirits and cocktails in a bigger way from wine and beer, and people are trading up for more premium brands," Diageo CEO Ivan Menezes says.
Tipless Kisses sparked an outcry among bakers in December, when they discovered missing tops on the Kisses they planned to use for baking holiday cookies. Several bakers took to social media to complain.
As the meal-kit industry struggles, Blue Apron is trying to expand its business with new products and partnerships with Jet.com and WW.
As Super Bowl celebrations become increasingly focused on food over the last 10 years, prices for game day favorites rise and fall with fans' demand.
The best chance former Starbucks CEO Howard Schultz would have to win the presidency would be as the Democratic nominee, not an independent, says CNBC's Jim Cramer.
Bernstein estimates that e-commerce could account for 5 to 6 percent of U.S. packaged food sales in the future.
In a report published on Sunday, international researchers accused "Big Food" of undermining policies designed to promote healthy eating.
Michelob Ultra's organic beer, Pure Gold, is trying to lure millennials away from wine and spirits with its first Super Bowl ad.
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