Tag: Food and beverage
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Beyond Meat Unveils Plant-Based Meat Options at KFC, Pizza Hut
Fast food chain KFC has unveiled its plant-based Beyond Fried Chicken in partnership with Beyond Meat—a sign of the fast food industry’s growing investment in vegetarian and vegan options.The fast food chain began offering Beyond Fried Chicken nationw…
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Inside Wavemaker Labs’ Push to Automate Restaurants
Like so many other sectors, the restaurant industry continues to face a severe labor shortage.The November 2021 jobs report found that employment in the leisure and hospitality sector was down by 1.3 million, or 7.9%, since February 2020—bad enough to…
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Wine Company Winc Reveals Rising Revenue, Declining Direct-to-Consumer Sales in Q3
Unlike its grapes, Winc didn’t exactly crush its latest earnings report.The wine subscription company revealed on Wednesday that its total revenues rose by 3.4% to $18.5 million during its third quarter, but the money it makes from direct-to-consumer …
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El Pollo Loco Tests ‘Air Loco’ Drone Delivery Despite Concerns
For the last five months, orders of grilled chicken have zipped through the skies of Costa Mesa.In June, restaurant chain El Pollo Loco launched a drone delivery program in the city of about 113,000, which also serves as the site for its corporate hea…
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Sweetgreen’s IPO Is Done: Salad Slinger’s Shares Pop 76% in First Day on the NYSE
Investors tucked away Sweetgreen shares by the forkful on Thursday, driving the price of the salad chain’s stock up more than 76% to a closing price of $49.50 per share.The Culver City company raised $364 million in its New York Stock Exchange debut, …
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What You Must Know Ahead of Sweetgreen’s IPO
Sweetgreen, the Culver City salad chain that aims to double in size over the next five years, is gearing up for its closely watched debut on the New York Stock Exchange.Here’s everything you need to know about the greens purveyor — from its founders’ …
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Winc’s IPO Is Done: Will Investors Accept This Rosé?
Pour one out for Winc. The wine subscription company behind Summer Water and Wonderful Wine Co started trading on the New York Stock Exchange on Thursday and received a tepid welcome from investors. The stock debuted at $13 per share and climbed t…
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Drake-Backed Daring Foods Gets $65 Million From Steve Aoki, Naomi Osaka and More
Backed by pop star Drake, Daring Foods raised $65 million in new funding from DJ Steve Aoki, tennis star Naomi Osaka and others, the faux-chicken company told dot.LA on Tuesday.Founders Fund led the round. NFL quarterback Cameron Newton, Tiger Global …
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Sweetgreen Reveals Soaring Revenue, Big Stock Grant for Founders in IPO Filing
Sweetgreen, the Culver City salad chain that became a popular spot for the health-conscious set, filed to go public on Monday on the New York Stock Exchange.Dependent on office workers darting in for leafy bowls on their lunch breaks, Sweetgreen strug…