Ajisen (China), a large China restaurant chain that specializes in Japanese-style noodles, has joined a food and beverage industry flock posting weak financial results for the first half of 2022 in connection with the country’s “zero Covid” lockdowns. Ajisen expects to report a net loss of 90.0 million yuan, or $13 million, to 130.0 million
Food & Drink
Dressing up on “Sunday Funday” and restaurant-hopping for chicken and waffles, endless mimosas and DJs playing hip-hop are a few hallmarks of the growing trend of “Black brunch.” It was 97 degrees on a recent Sunday in Houston, and Amelia Baines and Tikijah Parsons were hitting their second brunch of the day. The two Black
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The collaboration of the summer is here to fill the Choco Taco sized hole in your heart and stomach. Taco Bell and Milk Bar, two very different but highly beloved and innovative international brands, have teamed up to create a special treat: The Strawberry Bell Truffle. Taco Bell’s iconic Crunchy Taco shell and New York-based
Share to Facebook Share to Twitter Share to Linkedin Long-delayed approval from the Department of Justice on Cargill and Continental Grain’s $4.5 billion acquisition of publicly traded Sanderson Farms has the barnyard buzzing: Could even more consolidation in the chicken industry be coming? Farmers, distributors and truckers — stakeholders up and down the supply chain
Topline Shares of Carvana and Beyond Meat surged Friday, making them the latest companies to be rewarded by investors after announcing layoffs or cost cuts in recent weeks amid a challenging economic environment, as Wall Street analysts have largely cheered the cost-saving measures. Key Facts Shares of Beyond Meat surged nearly 22% despite the plant-based
Topline The stock market fell Friday after the U.S. economy added back a better-than-expected 528,000 jobs in July, with investors now anticipating that a strong labor market will keep the Federal Reserve on its path of aggressive interest rate hikes to bring down inflation. Key Facts The Dow Jones Industrial Average was down 0.3%, over
During its twenty-seven-year history, Allagash Brewing Company has won its fair share of accolades and honors while developing an almost cult-like following with its Belgian-focused beers. Their signature brew, Allagash White, has won four gold medals at the Great American Beer Festival (GABF), and they were named the Brewery of the Year in 2021 at
There isn’t a lot for scenery-obsessed backpackers to discover in Necoclí, a coastal Colombian settlement sitting humbly near the tip of Antioquia Department: here, violence and narcos-related crimes are still rampant, poverty runs deep across its population of 20,000, and the humidity level constantly at 100% throughout the year. Things have gotten increasingly out of
Topline The stock market rallied on Wednesday, reversing losses from earlier this week thanks to stronger-than-expected economic data which helped offset lingering recession fears, even as Federal Reserve officials continue to promise more rate hikes to bring down inflation. Key Facts Stocks rebounded after back-to-back losing sessions earlier this week: The Dow Jones Industrial Average
After two decades as one of the leading innovators in the world of music and entertainment, Jonas Tempel was trying to figure out what was next. An off-handed comment to his friend Bradley Roulier about making popcorn cool led them to Opopop. I sat down with Tempel to learn more about Opopop, the pivot the
Amos Yoder is an Amish startup founder who faced an interesting challenge in telling the story of a new retail business he’s building called Kinfork. In his work for Keystone Family Farms, a cooperative of small, independent, family farmers in Central, Pennsylvania, Amos realized that he wasn’t building a narrative around one set of customers,
With all the talk of text message marketing, it is essential to remember that some guests prefer not to give up their phone numbers but are willing to share their email addresses. That is not to say you should stop using text messaging. However, let’s not abandon email marketing because it continues to be a
So far, this year hasn’t been kind to restaurant adjacent tech companies. Last month alone generated several headlines of layoffs at companies like Lunchbox, ChowNow and Nextbite, while ghost kitchen providers like CloudKitchens and Reef have struggled with some reputational issues. Through the turbulence, Kitchen United has remained steady. In fact, just last week, the
Chris and Kel Barkman have deep roots in hospitality. He is a certified sommelier who worked in wine distribution for many years, and she studied at the California Culinary Academy and was a high-end events manager — and their combined talents come together in Uncorked Tahoe, a wine bar and shop with four locations, one
Your barbecue style varies depending on where you live and what you’re prepping. But no matter if you’re in the Carolinas, Memphis, Kansas City or Texas, these wines will stand up to whatever the grill master makes. On the light side Chateau du Moulin-a-Vent Couvent des Thorins 2018, Beaujolais. Cherry, strawberry and black raspberry drive
In the world of whisky “ghost distilleries” possess a persistent mysticism. It’s easy to understand why. The term refers to facilities that have long since shuttered and yet a precious, ever-dwindling supply of liquid remains stored away, awaiting bottling. Once this stock is gone, it’s time to give up the ghost for good—because this particular
Saint Theo’s has barely been open for a year and it’s already one of the toughest tables to snag in town. Most of the buzz so far has been fixed on the playful Italian coastal cuisine coming out of chef Ashley Rath’s kitchen. And plenty more are raving about the stylishness of the space as
London’s Lyaness roared to victory at the 16th annual Spirited Awards at Tales of the Cocktail in New Orleans. Ryan Chetiyawardana—a longtime darling of the hospitality world awards circuit—bested Fifty Mils, Charles H. Seoul, and the American Bar at The Stafford, as his famed cocktail cathedral was named World’s Best Bar for 2022. Lyaness, above,
Chef Nikhil Abuvala’s love for cooking began in his grandmother’s kitchen, before he could even reach a kitchen countertop. He’d stand on a chair and help his grandmother roll out fresh Indian flatbread, admiring the way she moved about the kitchen collecting herbs and spices for various dishes. “I got to spend a lot of