Food & Drink

Topline Despite a decent start for earnings season, Wall Street experts are increasingly warning that corporate profits are likely to take a hit as inflation remains a “headwind” to economic growth and pricing pressures take a bigger toll on consumers. Key Facts Rising costs due to inflation are beginning to impact corporate profit margins and
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Hotel chains from Hilton—the world’s second largest hospitality group—to billionaire Robert Kuok’s Shangri-La are accelerating expansion plans across the Asia-Pacific region, betting on a post-pandemic recovery as countries gradually reopen to international travelers. Among global players, Hilton is aggressively expanding across the region, with plans to more than double its footprint in Asia in the
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The International Wine and Spirits Competition is among the biggest—and oldest—annual awards show in all the alcohol industry. In late March, the 53-year-old confab announced its 2022 results, consisting of more than 4,000 liquor entries from across more than 90 different countries. Liquids are judged by a 100-point system, although no expression received higher than
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Well, diarrhea would probably qualify as a surprise after you’ve had some Easter chocolates. In this case, it would be an egg-stra bad surprise. Ferrero is recalling several different kinds of its Kinder Surprise and other egg products due to a Salmonella Typhimurium outbreak that’s already affected at least 150 people, mostly young kids, across
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Eli’s is a story about the classic days of old Chicago. The Chicago of Frank Sinatra and Sammy Davis, Jr., and the first and second Mayor Daley. Eli’s The Place for Steak was a Chicago institution for more than 40 years, from 1966-2005. It was frequented by regular folk on special occasions, influential Chicago journalists
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Topline Despite consumer prices hitting a new four-decade high last month, the latest data show several signs that prices may be moderating slightly, with economists now predicting that inflation may have peaked—though they warn prices will likely remain elevated into next year. Key Facts Though consumer prices spiked 8.5% in the 12 months ending in
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MHP, the biggest food company still operating in the war-torn country, finds that cooperation from workers and investors — and a successful military — are essential to advancing its humanitarian efforts. A company trying to feed the war-torn communities of Ukraine needs drivers with the courage to deliver to survivors trapped in the line of
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