The worsening cocoa crisis is making huge headlines across the world. Tony's CEO Douglas Lamont blames the long-term underpayment of farmers for the issue.
Hospitality/Food
Nestle to Launch Weight Management Food Products Targeting Ozempic, Wegovy Users in Q4 2024
Nestle announced that they would be launching its ‘Vital Pursuit’ food line by Q4 2024, which would target those using the semaglutide drugs Ozempic and Wegovy.
UK Grocery Price Inflation Cools to Lowest Level Since October 2021, Industry Data Shows
Grocery price inflation in the UK has slowed to its lowest level since October 2021 and is gradually returning to "more normal levels," according to industry data.
Target Slashes Prices on 5,000 Essential Products Owing to Inflation-Driven Budget Cuts
Target said it will decrease prices on 5,000 popular goods to attract more customers amid inflation fears.
Red Lobster Goes Bankrupt After $20 Unlimited Shrimp Offer Backfires
Red Lobster has filed for Chapter 11 bankruptcy protection, citing high operational costs and an unprofitable unlimited shrimp promotion. It plans to transfer control to its lenders with $100 million in financing from Fortress Investment Group.
Latest News
Krispy Kreme is planning to expand its reach by selling donuts in more McDonald's branches and other restaurants abroad.
Huber's Butchery in Singapore sells the world's first retail lab-grown chicken meat, offering consumers novel protein options.
The Las Vegas Strip's Mirage hotel-casino will close in July to become a luxury Hard Rock hotel.
Red Lobster is unexpectedly shutting 48 US locations, liquidating its assets via an online auction. A sign is posted in front of a Red Lobster restaurant on May 16, 2014 in San Bruno, California.
Chinese restaurants want to lend food takeaway containers to reduce plastic usage. But is lunchbox lending achievable?
The price transparency law of California will take effect on July 1. Here's what you need to know.
A $5 McDonald's meal? The fast-food giant is making cooking an affordable option for low-income customers. What is it?
Celebrity chef Gordon Ramsay's restaurant chain faced a threefold increase in losses, reaching £3.4 million ($4.89 million) last year, due to investments in opening five new dining establishments.
Several stores are participating in Hawaii’s celebration of Teachers Appreciation Week, most of which will end on May 10.
