Explore recipes, cooking tips, and food culture, perfect for foodies and home cooks alike.
Retail
In a significant win for the Biden administration, a U.S. federal judge blocked the $25 billion merger between Kroger and Albertsons, two of the nation’s largest grocery chains. The decision followed a three-week trial in Portland, Oregon, where the Federal Trade Commission (FTC) argued that the merger would
Business Insights
Starbucks CEO Brian Niccol has unveiled a bold, two-pronged vision for the iconic coffee chain: to combine speed and efficiency with the inviting "third-place" atmosphere that has long defined the brand. In a recent interview with Good Morning America, Niccol outlined a strategy that focuses on streamlining service
Business Insights
Stoli Group USA, the American arm of the renowned vodka producer, has filed for Chapter 11 bankruptcy protection. This decision stems from a severe cyberattack in August 2024, ongoing legal disputes with Russia, and financial challenges. Cyberattack Impact In August, a ransomware attack disrupted Stoli's primary operational systems,
Food
Two of London's historic markets, Smithfield Meat Market and Billingsgate Fish Market, are set to close permanently by 2028. These iconic trading hubs, which have operated for centuries, will cease operations following a decision by the City of London Corporation to withdraw its support. A Rich History Smithfield
Agriculture
The price of Arabica coffee has surged to its highest level since 1977, reaching $3.375 per pound. This significant increase is primarily due to severe drought conditions in Brazil, the world's largest coffee producer. The drought has adversely affected coffee crops, leading to concerns about reduced yields
Food
Krispy Kreme is celebrating the holiday season with its "Merry Grinchmas Doughnut Collection," inspired by Dr. Seuss's "The Grinch." Available from November 29, the lineup features three new doughnuts and the return of a seasonal favorite. The new Grinch Doughnut is an unglazed doughnut
Food
Private equity firm Blackstone has acquired a controlling stake in Jersey Mike's Subs, valuing the sandwich chain at approximately $8 billion. Founder and CEO Peter Cancro will retain a significant equity stake and continue to lead the company. This partnership aims to accelerate Jersey Mike's expansion
Business Insights
Typhoo Tea, one of Britain's oldest tea companies, is on the brink of administration due to significant financial challenges. The company has filed a notice of intention to appoint administrators, granting it five days to find a buyer before potentially ceasing operations. During this period, Typhoo continues to
Business Insights
Seven & i Holdings, the Japanese conglomerate and owner of 7-Eleven, has received a non-binding management buyout (MBO) proposal valued at approximately ¥9 trillion ($58 billion) from Ito-Kogyo, a company linked to Vice President Junro Ito, a member of the founding family. This offer is under review by a special
Business Insights
Just Eat Takeaway.com has agreed to sell Grubhub to Wonder Group for $650 million, a significant decrease from the $7.3 billion it paid in 2021. The deal includes $150 million in cash and the transfer of $500 million in senior notes to Wonder. This sale reflects the challenges
Business Insights
Chipotle Mexican Grill has appointed Scott Boatwright as its permanent Chief Executive Officer, effective immediately. Boatwright, who has been with Chipotle since 2017, previously served as Chief Operating Officer and was named interim CEO following Brian Niccol's departure to Starbucks in August 2024. During his tenure as COO,
Food
Starbucks is set to launch its 2024 holiday menu on November 7, introducing a blend of returning favorites and new seasonal offerings. The lineup includes classic beverages like the Peppermint Mocha, Caramel Brulée Latte, Chestnut Praline Latte, and Iced Sugar Cookie Almondmilk Latte. New additions feature the Cran-Merry Orange Refresher,