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July 10, 2020
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Uber to buy food-delivery service Postmates for $2.65 billion in stock

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CNBC – For more and to sign up click here Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., listens during a panel discussion at the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 26, 2018. Mark Kauzlarich | Bloomberg | Getty Images Uber has bought food-delivery......
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Uber and Postmates reportedly agree on a $2.65 billion all-stock deal

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CNBC – For more and to sign up click here Close-up of sign for the popular app-based food and supplies deliver service Postmates, in the Gourmet Ghetto (North Shattuck) neighborhood of Berkeley, California, October 6, 2017.  Smith Collection/Gado | Archive Photos | Getty Images Ride-sharing company Uber Technologies has agreed......
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Delivery Hero second quarter orders surge during lockdowns

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CNBC – For more and to sign up click here The front desk at Delivery Hero’s headquarters in Berlin, Germany. Delivery Hero German online takeaway food company Delivery Hero reported a near-doubling of orders in the second quarter as lockdowns due to the coronavirus crisis prompted people to order meals from home,......
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New York City halts plan to reopen indoor dining as coronavirus surges across US

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CNBC – For more and to sign up click here New York City will not allow indoor dining to resume next week as originally scheduled due to growing coronavirus outbreaks in other parts of the country, Mayor Bill de Blasio said Wednesday.  “We see a lot of problems and we......
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Beyond Meat enters grocery stores in mainland China through Alibaba partnership

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CNBC – For more and to sign up click here Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Beyond Meat announced Tuesday that Alibaba’s Freshippo......
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Conagra CEO on revamping Mrs. Butterworth’s brand: ‘Perception is reality’

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CNBC – For more and to sign up click here Conagra Brands CEO Sean Connolly, in an appearance on CNBC Tuesday, explained how the food company plans to implement changes to one of its most recognized brands. In the midst of a civil uprising that has brought racial injustice and......
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Albertsons CEO says grocery operator’s IPO is ‘a great accomplishment’ amid coronavirus pandemic

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CNBC – For more and to sign up click here Albertsons CEO Vivek Sankaran said Friday that he’s pleased about the company’s initial public offering, even as its shares fell a few dollars short of expectations. The grocery store operator began trading Friday on the New York Stock Exchange under the......
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From Dalgona coffee to cake and cookies, people are turning to comfort food during lockdown

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CNBC – For more and to sign up click here Cooped up at home during the pandemic, consumers have been taking to their favorite comfort food, boosting sales of products like instant coffee, biscuits and chocolates — but economic realities could soon hit their pockets. According to a survey by FMCG......
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Target adds hundreds of fresh, frozen groceries to curbside pickup as Americans look for safer ways to shop

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CNBC – For more and to sign up click here The grocery section of a redesigned Target store in Duarte, California. Source: Target Customers can soon drive to a nearby Target and pick up fresh and frozen grocery items like milk and bread, without browsing aisles or parking the car. The national......
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Starbucks partners with Impossible to sell plant-based breakfast sandwich

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CNBC – For more and to sign up click here Starbucks said Tuesday it will begin selling a plant-based breakfast sandwich made with Impossible sausage  as part of its summer menu. In addition to the plant-based sausage substitute, the sandwich will contain a cage-free fried egg and aged cheddar cheese and......
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So long, salad bar: Grocers get creative, consider robots to revive prepared food amid pandemic

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CNBC – For more and to sign up click here Texas grocer Central Market turned salad bars and hot bars into packaged food displays during the pandemic. Source: Central Market Grocery stores have shut down self-serve salad bars during the pandemic. They’ve taken away displays of fresh olives and dips.......
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Burglars steal over $60,000 worth of saffron from London warehouse

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CNBC – For more and to sign up click here Saffron is worth more than its weight in gold. Kelly Cheng Travel Photography/Getty Images Police detectives are on the hunt for two burglars who stole £50,000 ($61,825) worth of saffron from a warehouse in east London.  London police have released......
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He opened his Shanghai restaurant right before the pandemic and nearly gave up. Now, business is thriving

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CNBC – For more and to sign up click here Luca Frigeni, Owner & General Manager of SakeMate, a restaurant in Shanghai SakeMate Luca Frigeni, an Italian businessman living in Shanghai, finally fulfilled his dream late last year when he opened his own restaurant and lounge. But the coronavirus pandemic......
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One of the world’s best restaurants has opened a chocolate factory connected to a luxury hotel

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CNBC – For more and to sign up click here Spanish fine-dining powerhouse El Celler de Can Roca was twice named the “World’s Best Restaurant” by Restaurant Magazine. Not to mention the three Michelin stars that it has maintained since 2009. While the restaurant’s closure due to the coronavirus pandemic......
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Beyond Meat to sell cheaper value packs of its meatless burgers

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CNBC – For more and to sign up click here Beyond Meat’s Cookout Classic value pack Beyond Meat Beyond Meat announced Wednesday that it will sell value packs of its meatless burgers — just in time for summer barbecue season. The 10-pack has a suggested retail price of $15.99, or $6.40 per......
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Aunt Jemima brand will change name, remove image that Quaker says is ‘based on a racial stereotype’

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CNBC – For more and to sign up click here Bottles of PepsiCo Inc. Aunt Jemima syrup are displayed for sale at a ShopRite Holdings Ltd. grocery store in Stratford, Connecticut. Paul Taggart | Bloomberg | Getty Images The Aunt Jemima brand of syrup and pancake mix will get a......
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Campbell Soup CEO says June pantry sales are unusually high, despite reopening economy

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CNBC – For more and to sign up click here Consumers continue to stock up on pantry products, despite the fact that the states are focused on reopening their economies, Campbell Soup CEO Mark Clouse told CNBC’s Jim Cramer Monday. Campbell’s saw sales spike more than 50% during the worst of......
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Grubhub CEO: Uber deal didn’t fall apart due to antitrust concerns

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CNBC – For more and to sign up click here Grubhub CEO Matt Maloney on Thursday doubled down on the company’s decision to merge with Just Eat Takeaway rather than work through a deal with Uber.  Uber’s bid to acquire Grubhub would have brought two of the largest food delivery companies in......
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Ben & Jerry’s CEO: ‘Business must be held accountable’ in setting specific goals to fight racism

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CNBC – For more and to sign up click here Ben & Jerry’s CEO Matthew McCarthy said corporate leaders must be more courageous and ambitious as they set goals to advance racial equity. And, he said, customers and employees should make sure they follow through. In an interview on CNBC’s “Squawk......
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Pilgrim’s Pride CEO and other chicken industry executives indicted for price fixing

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CNBC – For more and to sign up click here A statue of Pilgrim’s Pride founder Bo Pilgrim is displayed outside the distribution center near Pittsburg, Texas, Tuesday, Dec. 2, 2008. LM Otero | AP Four current and former chicken industry executives, including Pilgrim’s Pride CEO Jayson Penn, have been indicted......

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