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Tag: Food and drink

Falling tuna consumption didn’t crush Bumble Bee, but it didn’t help

For decades, the can opener and a tin of canned tuna were considered “pretty darn convenient,” according to Ken Harris, managing partner at Cadent Consulting Group, who has worked with the canned tuna business. But now, they’re considered a hassle. That’s one reason why Bumble Bee Foods filed filed for Chapter 11 bankruptcy Thursday as …

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Walmart’s Jet.com will no longer deliver fresh groceries

An employee assembles customer orders at the Jet.com Inc. fulfillment center Daniel Acker | Bloomberg | Getty Images Walmart‘s Jet.com arm will no longer deliver fresh groceries, roughly one year after it started offering this option in New York, the retailer confirmed to CNBC. It will shutter a fulfillment center that it was using to …

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Bumble Bee files for bankruptcy

Bumblebees chunk light tuna can food. Geri Lavrov | Getty Images Tuna maker Bumble Bee Foods said Thursday that it has filed for Chapter 11 bankruptcy protection, with an agreement from Taiwan-based FCF Fishery, its largest creditor, to purchase its assets for roughly $925 million. The bankruptcy proceedings are meant to reduce Bumble Bee’s debt …

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DoorDash continues to lead in the food delivery wars

An exclusive partnership with Cheesecake Factory and deals to deliver for Chipotle Mexican Grill, Five Guys and other local restaurants made DoorDash the leader in U.S. meal delivery last month. According to data from consumer analytics firm Second Measure, DoorDash has 35% of the meal delivery market. Publicly traded rivals Grubhub and Uber Eats captured …

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Chobani expands beyond Greek yogurt

Chobani’s new oat milk and oat-based yogurts Source: Chobani Chobani wants to be known for more than just Greek yogurt. The company is branching into oat milk products and coffee creamers. The expansion of Chobani’s portfolio comes as Greek yogurt’s growth has slowed. Protein-packed, low-sugar Icelandic yogurt, also known as Skyr, has stolen some of …

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Los Angeles Rams star Aaron Donald takes an ownership stake in Ready Nutrition

Aaron Donald #99 of the Los Angeles Rams walks off the field following the Rams’ 17-12 loss to the Pittsburgh Steelers at Heinz Field on November 10, 2019 in Pittsburgh, Pennsylvania. Justin Berl | Getty Images Los Angeles Rams star Aaron Donald is expanding his playbook off the field, taking an ownership stake in Ready …

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Atomo, a Seattle start-up, is out to reverse-engineer the coffee bean

Coffee comes in many forms — hot, cold, flavored and decaffeinated. But the idea of coffee without the bean —well that’s something new. It’s called “molecular coffee.” Atomo, a start-up located just blocks from the famous Starbucks in Seattle’s Pike Place Market, said it’s reverse-engineered the coffee bean. And if you’re wondering why, you’re not …

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5 charts that show how milk sales have changed

Noel Hendrickson | Getty Images The milk industry is under pressure.  The latest sign of upheaval: Dean Foods, the nation’s largest milk maker, filed for Chapter 11 bankruptcy Tuesday. The Dallas-based company is engaged in discussions with the Dairy Farmers of America, the biggest dairy co-operative, to sell all or part of its business. That deal …

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GrubHub not a warning sign on food delivery

GrubHub’s terrible earnings and more than 40% stock plunge last week is not indicative of the potential of the broader food delivery business, Postmates co-founder and CEO Bastian Lehmann told CNBC on Thursday. When asked if the catastrophe at rival GrubHub was just a GrubHub problem, Lehmann said, “100%,” adding it’s “the idea that bad …

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Coca-Cola unveils AHA, its new caffeinated sparkling water brand

Coca-Cola on Thursday unveiled a new sparkling water line, its first new brand in more than a decade. The beverage giant will launch AHA on March 2 in the United States, with the potential to expand globally. The announcement comes as American consumption of soda continues to fall, forcing Coke and its rival PepsiCo to …

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