Retail reset pushes Beyond Meat sales and volumes lower
Beyond Meat posted an 11% year-on-year drop in product volumes for Q1 FY2025, driven largely by major US retailers moving its plant-based meat products...
DoorDash to acquire Deliveroo for $3.9 billion in cash
DoorDash has reached an agreement to acquire UK-based food delivery service Deliveroo for £2.9 billion ($3.9 billion), expanding its global presence. The acquisition will...
Workplace food emerges as a key growth driver for restaurants
New data from ezCater reveals the growing opportunity for restaurants in workplace catering. With 43% of businesses now running recurring meal programs, up 17%...
Zomato exits experimental food services to refocus on core growth channels
Zomato has discontinued its short-lived food delivery ventures, Zomato Quick and Everyday, citing weak consumer demand, profitability issues, and scalability limitations. The move is...
Danfoss and Microsoft enhance AI-driven sustainability in food retail
Danfoss and Microsoft have strengthened their strategic partnership, originally formed in 2019, to accelerate the adoption of artificial intelligence (AI) and cloud-based solutions in...
Smart kitchen tech brings energy and equipment intelligence to enterprise restaurants
Restaurant tech company Qu has introduced a smart kitchen platform aimed at helping enterprise operators reduce costs and improve efficiency by unifying energy monitoring,...
Major marketing investment for Lottie Shaw’s bakery brand
One year since the acquisition of sweet treats bakery Lottie Shaw’s by The William Jackson Food Group, as a bolt on to Jacksons Bakery,...
ACCC enforces mandatory food and grocery code for major retailers
The Australian Competition and Consumer Commission (ACCC) has introduced a mandatory Food and Grocery Code of Conduct, which now applies to supermarkets and wholesalers...
Hooters files for bankruptcy protection to facilitate founder-backed buyout
Hooters of America has filed for bankruptcy protection in Texas as part of a plan to address its $376 million debt. The restaurant chain...
The Cheese Geek acquired from administration
The Albex Group has acquired the assets of The Cheese Geek from administration. It is the second cheese sector acquisition by The Albex Group,...
