Following Yum China and Starbucks, another big restaurant chain in China is reporting business trouble. Haidilao International Holdings, the China hotpot chain whose $14 billion market capitalization ranks among the world’s most valuable restaurant businesses, said today it could lose up to more than $710 million, or 4.5 billion yuan, for the 2021 calendar year.
Food & Drink
Farmers and other bird owners in the U.S. have been dealing with a fowl problem: the continuing spread of highly pathogenic avian influenza (HPAI). Over the past month, the United States Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) has already confirmed the detection of HPAI in multiple locations across several different
Shoppers haven’t rebelled. That was the major takeaway for my colleague Lauren Debter and me after a few days of deeply analyzing consumer brands’ price hikes, profit margins and earnings reports. Companies have been dealing with rising expenses, and have chosen to pass on those costs onto their consumers. Price hikes of favorite household products and
Wendy Lamer is the most unpretentious wine genius you’ll ever meet. Don’t let her casual nature fool you: She knows all the stories about each wine on her shelves — what soil it grew in, who made it, and what you should cook to eat with it. Her roadside shop on Highway 128 in Booneville,
Infant formula may have many different ingredients. But neither Cronobacter sakazakii nor Salmonella Newport should be one of them. The U.S. Food and Drug Administration (FDA) and the U.S. Centers for Disease Control and Prevention (CDC) have been investigating four cases of infants being hospitalized in three different states. Unfortunately, one of these infants has already died. All
Like refilling your pantry with regular trips to the grocery store, every five years Congress and the United States Department of Agriculture are tasked to “refill” funding the farm bill – the nation’s package of policies and funding that governs food production and availability. Watching negotiations play out a couple times each decade is notable
As a 29-year-old man took a big gulp of water after his daily run, he could not help but feel a little off; his body felt a little sluggish and it seemed impossible for him to catch his breath. But it was February in New York City, which meant that the height of flu and
Justin Wiesehan is a self-proclaimed snackaholic. But when he started to count his macros in his quest to eat healthier, he found the better-for-you snacks lacking the flavor and crunch that he loved. His quest to solve that problem led him to launch HA! A Healthier Alternative, which is line-up of salty snacks that offer 11
The big wine show in Paris that goes under the name Wine Paris – VinExpo is closing its doors as I write this. It is one of the world’s biggest wine shows, in competition with Vinitaly in Verona and ProWein in Düsseldorf. Signals are flashing green. It seems to have been a great success. Three
Michelin-star chef Missy Robbins is famous for her homemade pasta that she makes fresh every day in her two Brooklyn restaurants. Aly Weisman and food blogger, Foodie Magician, visit the newest restaurant, Misi, where Robbins teaches them how to cook and prepare pasta. More from Misi: https://www.instagram.com/misinewyork/ More from FoodieMagician-: https://www.instagram.com/foodiemagician/ MORE NY EATS CONTENT:
Constellation Brands (STZ) set its 52-week high of $258.00 on January 6 on a positive reaction to its latest earnings report. After the high was set the stock plunged on profit-taking. The low for this day was $242.66, a decline of 5.9%. A daily downside ‘key reversal’ is considered a sell signal. The stock shifted
When it was announced last month that Monster Beverage was acquiring the CANarchy Craft Collective for $330 million, most thought that that meant that their possible merger with Constellation Brands was off the table. Well, it appears that the two companies are still in talks and that a potential deal may be announced in the
If you were only paying attention to the headlines, you would have the distinct impression that plant-based foods are taking over. For example, last month, USA Today reported that: “Restaurants saved 700K animals with plant-based offerings last year.” (This article was syndicated so appeared in numerous local papers.) More specifically, the outlet reported that 212,000
No longer maligned, Merlot is a wine to fall in love with Say Merlot to wine drinkers and you’re likely to get one of two reactions: an eye roll or an appreciative sigh. The former is a hangover from the 2004 movie, “Sideways” in which the main character, a depressed wine snob with a failed
It’s Valentine’s Day 2022. As a wine lover and observer of the wine industry, it feels more important than ever to focus on the pleasure of wine. By “the pleasure of wine,” I don’t mean deconstructing it systematically by vintage, varietal or tasting note (unless, of course, that is your thing). I’m talking more about
There’s enormous excitement about innovative foods these days. A confluence of skyrocketing investments, consumer demand for healthier and more regenerative products and unprecedented entrepreneurship is supercharging a food sector alive with new options and possibilities. This surge prompts questions. What should we think about the current investment frenzy? Why would we want to eat these
Pastrami on rye has been a New York staple since the 1900s. They can be bought at old-school Jewish delis like Pastrami Queen. The cured meat was brought back in the late 19th and early 20th centuries when a wave of Eastern European immigrants came to the East Coast. Although delis like Pastrami Queen are
Topline With the Biden administration looking to fight consolidation in industries from meatpacking to shipping, a new report from the Treasury Department on Wednesday zeroed in on the $250 billion (annual) U.S. alcohol market, outlining a series of reforms to boost competition, combat “exclusionary behavior” by big companies and save consumers money. Key Facts The
In a corner of France where prized mushrooms are dubbed “black diamonds,” one truffle hunter is hoping that an unusual NFT auction will help him turn a surprising gastronomic discovery into a publicity bonanza for the Dordogne region. Bernard Planche, who lives in Sarlat of the Dordogne region, has been a “trufficulteur” (truffle grower) for
Bombing of Reims in Champagne, France, during World War I. Roger Viollet via Getty Images Another blast sets a young woman’s nerves on edge as she whispers to herself, “I don’t think I can take much more.” The walls vibrated continuously, bringing anxious thoughts of whether the integrity of the building could hold and each