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July 1, 2022

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Vkusno & tochka: McDonald’s restaurants reopen in Russia under new name

Reuters
June 12 (Reuters) – McDonald’s (MCD.N) restaurants flung open their doors in Moscow once again on Sunday under new Russian ownership and a new name: Vkusno & tochka, which translates as “Tasty and that’s it”. The new dawn for Russia’s fast-food scene will initially see 15 rebranded restaurants open in......

Analysis: Russia prepares to seize western firms looking to leave

Reuters
Moscow eyes sweeping powers to shield jobs, local industry Exodus of western companies, sanctions roils Russia New laws would allow seizure of firms May 26 (Reuters) – Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in......

Britain’s M&S pulls out of Russia and warns on outlook

Reuters
A woman walks past a Marks & Spencer store at Oxford Street in London, Britain, July 20, 2020. REUTERS/Henry Nicholls/File Photo Register now for FREE unlimited access to Reuters.com Register 2021-22 underlying pretax profit 522.9 mln pounds Made ‘encouraging’ start to 2022-23 But says starting year from lower profit base......

Starbucks asks White House for equal time after Biden met with union leaders

Reuters
A single use coffee cup inside a Starbucks in London, Britain, March 6, 2020. REUTERS/Henry Nicholls Register now for FREE unlimited access to Reuters.com Register NEW YORK/WASHINGTON, May 6 (Reuters) – Starbucks Corp (SBUX.O) has asked for a meeting with U.S. President Joe Biden’s administration after unionized workers talked to......

Just Eat Takeaway weighs Grubhub sale as pandemic boost fades

Reuters
A Just Eat delivery man rides his bicycle in Nice amid the coronavirus disease (COVID-19) outbreak in France, February 16, 2021. REUTERS/Eric Gaillard Register now for FREE unlimited access to Reuters.com Register Company may sell Grubhub, bought last year for $7.3 billion Takeaway reports 1% fall in Q1 orders as......

Starbucks CEO Schultz says days of ‘false promises’ are over

Reuters
Starbucks Chairman and CEO Howard Schultz delivers remarks at the Starbucks 2016 Investor Day in Manhattan, New York, U.S. December 7, 2016. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register April 15 (Reuters) – Starbucks Corp (SBUX.O) Chief Executive Officer Howard Schultz said there have been “a......

Wall St climbs as megacap growth stocks gain, Twitter surges

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 4, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Twitter soars after Elon Musk reveals 9.2% stake U.S.-listed Chinese companies surge Utilities, real estate lag among S&P 500......

Starbucks’ Schultz announces halt to stock repurchasing program as he returns

Reuters
Starbucks cups are pictured on a counter in the Manhattan borough of New York City, New York, U.S., February 16, 2022. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register NEW YORK, April 4 (Reuters) – Starbucks Corp’s (SBUX.O) longtime former chief executive Howard Schultz announced on Monday......

Starbucks’ Schultz to return as CEO Johnson retires amid union battle

Reuters
NEW YORK, March 16 (Reuters) – Starbucks’ longtime former Chief Executive Officer Howard Schultz will return temporarily after Kevin Johnson said on Wednesday that he will retire from the role on April 4, as a unionization drive at U.S. cafes heats up. Shares of the coffee chain surged 7% on......

Rio Tinto slashes ties with Russian businesses over Ukraine war

Reuters
The Rio Tinto logo is displayed on a visitor’s helmet at a borates mine in Boron, California, U.S., November 15, 2019. REUTERS/Patrick T. Fallon Register now for FREE unlimited access to Reuters.com Register March 10 (Reuters) – Rio Tinto (RIO.L), (RIO.AX) on Thursday became the first major mining company to......

Nestle, tobacco groups latest companies to pull back from Russia

Reuters
March 9 (Reuters) – Nestle(NESN.S), Philip Morris (PM.N)and Imperial Brands (IMB.L)joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine. The world’s biggest packaged food group fell into line with rivals Procter......

Bulgaria to ease coronavirus restrictions as cases drop

Reuters
SOFIA, Feb 21 (Reuters) – Bulgaria plans to lift the obligatory COVID-19 “green certificate” for entry to restaurants, shopping malls and other public venues from March 20 as coronavirus infections ease, Prime Minister Kiril Petkov said on Monday. The health pass – a digital or paper certificate showing someone has......

Boston Celtics co-owner buys into Serie A club Atalanta

Reuters
Soccer Football – Serie A – Atalanta v Torino – Stadio Atleti Azzurri, Bergamo, Italy – January 6, 2022 General view of pigeons inside the stadium after the match was postponed due to Covid-19 REUTERS/Alberto Lingria Register now for FREE unlimited access to Reuters.com Register MILAN, Feb 19 (Reuters) –......

U.S. Apple store workers working to unionize – Washington Post

Reuters
FILE PHOTO – People shop for smartphones in an Apple Store in Manhattan, New York City, U.S., February 11, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Feb 18 (Reuters) – Employees at many Apple Inc (AAPL.O) stores in the United States are working to unionize,......

Burger King pulls Whopper off discount menu; parent RBI to hike prices

Reuters
Feb 15 (Reuters) – Burger King parent Restaurant Brands International Inc (QSR.TO) said on Tuesday that it stripped its most famous sandwich, the Whopper, from discount menus and will raise menu prices again this year as to offset higher costs. U.S.-listed shares of the company rose more than 3% after......

Starbucks faces backlash in China over police incident at store

Reuters
A Starbucks logo is pictured on the door of the Green Apron Delivery Service at the Empire State Building in the Manhattan borough of New York, U.S. June 1, 2016. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register BEIJING, Feb 15 (Reuters) – Starbucks (SBUX.O) is battling......

Catering giant Compass close to achieving pre-pandemic revenue

Reuters
Compass Group’s logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Feb 3 (Reuters) – Compass Group’s (CPG.L) quarterly revenue has almost returned to pre-pandemic levels, the world’s largest catering company said on Thursday, as......

Starbucks ties up with Meituan to bolster presence in crucial China market

Reuters
BEIJING, Jan 18 (Reuters) – Starbucks (SBUX.O), which has seen sales slow in China due to COVID-19’s fallout, is attempting to widen its reach in its second-biggest market globally by distributing its coffees through the country’s dominant food delivery firm, Meituan. The U.S. coffee chain said on Tuesday it has......

Bain Capital weighs bid for stake in Sodexo benefits unit – sources

Reuters
The logo of French food services and facilities management group Sodexo is seen at the company headquarters in Issy-les-Moulineaux near Paris, France, March 18, 2016. REUTERS/Gonzalo Fuentes Register now for FREE unlimited access to Reuters.com Register LONDON, Jan 17 (Reuters) – Bain Capital is looking to bid for a stake......

UK retailers face inflation hangover after blowout Christmas

Reuters
Tesco, M&S lift forecasts on better than expected sales Retailers warn of inflationary pressures British consumers splashed out in December LONDON, Jan 13 (Reuters) – British consumers enjoyed a blowout Christmas, results from the country’s biggest retailers show, treating themselves to upmarket food, drink and clothes before the sober reality......

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