Starbucks and the union that represents its baristas will resume contract negotiations on Wednesday, ending an extended stalemate.The two sides' return to the bargaining table follows their February announcement that they found a "constructive path forward" during mediation discussions related to litigation over the union's use of Starbucks' branding. It...
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City.Michael M. Santiago | Getty ImagesPepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts' expectations, despite a recall of some Quaker Foods cereal and...
In this photo illustration, Pantene and Head & Shoulders hair products are displayed on July 28, 2023 in San Anselmo, California. Justin Sullivan | Getty ImagesProcter & Gamble on Friday reported mixed quarterly results but raised its full-year earnings outlook.Shares of the company were roughly flat in premarket trading.Here's what P&G...
TGI Fridays logo is seen on one of their branches. John Lamparski | Lightrocket | Getty ImagesTGI Fridays and Hostmore, the chain's U.K. franchisee, announced plans to merge on Tuesday.The all-share deal is valued at 177 million pounds ($220 million). If it closes, TGI Fridays, best known for its potato...
A sign is seen on a Buffalo Wild Wings restaurant on November 28, 2017 in Miami, Florida. Joe Raedle | Getty Images News | Getty ImagesBuffalo Wild Wings opened its 100th Go location on Wednesday in New York City, four years after unveiling the quick-service offshoot of its sports bar...
The new restaurant in your neighborhood may look familiar.Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report.Review site Yelp compiled the list by using a blended metric that includes net...
Brazilian private equity firm 3G Capital quietly sold off its 16.1% stake in Kraft Heinz in the fourth quarter, nearly nine years after masterminding the blockbuster merger of Kraft Foods and Heinz with Warren Buffett.The sale marks the end of an era for 3G. The firm's influence over Kraft...
As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes.Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of the U.S. sports drink market in 2023, according to Euromonitor...
McDonald's is planning to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026, the chains announced Tuesday.The rollout will start in the second half of this year, but it will take roughly two and a half years as Krispy Kreme more than doubles its distribution...
A Ruth's Steak House restaurant on May 03, 2023 in Miami, Florida. Darden Restaurants said Wednesday it is buying Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House, for $715 million. Joe Raedle | Getty ImagesDarden Restaurants on Thursday reported mixed quarterly results as the Olive Garden owner's...