Even before the first golfers teed off for the 2022 PGA Championship, one female entrepreneur had already carded a hole-in-one with her unique single-serve wine being featured at the event. Founded in 2017, Wander + Ivy has made a name by creating its own niche in the ever-expanding and diversifying wine market, which is increasingly
Food & Drink
Topline Abbott Laboratories has reached an agreement with the Food and Drug Administration to reopen its baby formula plant in Sturgis, Michigan, the company announced Monday, raising hopes that a national formula shortage—fueled partly by the Sturgis plant’s closure due to safety concerns—will be over in a matter of weeks. Key Facts Once the FDA
Portillo’s is coming off a strong first quarter earnings performance for sales growth, but a quarter hindered nonetheless by “unprecedented commodity inflation.” The highest impact inflation is coming from pork, chicken and beef prices, executives noted during the company’s May 5 call. Starting Tuesday, Portillo’s will have a new permanent menu item in the mix
Colombian mycologist Catalina Salgado-Salazar is helping to develop a genetic test to identify a fungus that causes a disease that has already hit Asia’s mango industries and could threaten crops in the US and Colombia alike. Salgado-Salazar, who is a researcher at the United States Department of Agriculture’s Agricultural Research Service (USDA ARS), says she
As the U.S. deals with a baby formula shortage, actress and author Bette Midler posted a tweet that led to a bit of a feeding frenzy on Twitter. On Thursday, Midler tweeted, “TRY BREASTFEEEDING! It’s free and available on demand,” in response to a holy oligopoly, Batman-tweet from Stephanie Ruhle, the host of The 11th
Remember lunch? You know, the midday meal when work paused, laptops folded shut and you focused solely on eating some food, maybe with another human being? The sad desk salad has proliferated through the pandemic, leaving way too many nine-to-fivers working through lunch or just not eating lunch at all. Random handfuls of afternoon snacks
Sunset in the country getty Sitting on the back porch drinking a beautiful glass of Cabernet Sauvignon, the sunset painted the sky with colors of saffron and gold; there, a veteran wine producer in Napa Valley took in the recent catastrophe that destroyed so much of his community while he contemplated the luck of no
Consumers all around the United States are forced to save their dollars and count their pennies as high inflation is putting pressure on household budgets. U.S. inflation rose another 8.3% year-over-year in April, according to the Bureau of Labor Statistics. Food and energy—the more volatile items in the Consumer Price Index—drove rising cost of living.
Ricardo Sucre is not a fan of beer. He’s a cocktail guy—and more specifically a rum cocktail kind of guy. During the lockdown periods of the pandemic, like many of us, he began turning to the ready-to-drink format to provide escape while many of his favorite local bars in Miami remained closed. The only problem
It seems the restaurant industry just can’t catch a break. After perhaps its most tumultuous period ever navigating disparate regulations and anxious consumers related to the Covid-19 pandemic, the industry is now facing a completely new set of challenges incited by historic inflation. That inflation is hitting consumers from every angle–gas, groceries, rent, name it.
After leaving law school thirty years ago in pursuit of her passion for wine, Court of Master Sommelier certified sommelier Tonya Pitts has worked in some of San Francisco’s top restaurants. As award-winning Wine Director of One Market Restaurant in the Embarcadero district for the past decade, she conducts a 600-selection wine list like Tchaikovsky’s
Topline Markets are so far having one of their worst years in history as investors are whipsawed by rising inflation, tighter monetary policy from the Federal Reserve and Russia’s war against Ukraine, but despite the ongoing volatility, Wall Street analysts see opportunities and recommend a basket of defensive and stable stocks. Key Facts With markets
When Trey Zoller founded Jefferson’s Bourbon in 1997 in the heartland of bourbon, Louisville, Kentucky, his hometown, he knew he was taking a chance. But that didn’t matter. All he knew was that he wanted to try his hand at crafting the spirit that he had heard about since his youth and that had been
Carl’s Jr. and Hardee’s both have storied histories dating back over half a century, but the quick-service chains are now going through perhaps their biggest transformation yet. Parent company CKE Restaurants Holdings Inc. today announced a holistic reimaging effort that includes everything from updated exteriors to new kitchen equipment to technology upgrades. The effort is
The queen of afternoon tea served with scones and strawberry jam, clotted cream is sometimes confused with butter for its thick, rich texture. While it contains some butterfat (a lot of it, actually), clotted cream isn’t churned, as butter would be. Instead, its butterfat is separated slowly following a precise, lengthy process that here in
As family businesses go, Madhu’s—an Asian culinary conglomerate that has taken upwards of $14 million in revenue a year—has built quite the legacy. Spanning four generations, Madhu’s dates back to 1930s Kenya, where Bishan Das Anand arrived from India (now Pakistan) to build a career. “He was a masterful chef and began catering for the
Ready-to-drink alcohol products are arguably the most disruptive category the beverage industry has seen in recent years. According to a recent study by drink market analysis firm IWSR, ready-to-drink products have, since 2018, been growing faster than any other major drinks category and will command 8% of Total Beverage Alcohol by 2025. RTDs aren’t only
Laird Superfood, which was cofounded by famed big-wave surfer Laird Hamilton alongside his friend Paul Hodge, had a stellar IPO about two years ago, when the public was betting on the plant-based nutrition company’s potential of taking on legacy CPG with its natural and organic offerings, but it took a sharp turn almost immediately after:
Dine Brands proved in Q1 that consumers’ pent-up demand for a casual dining experience outweighs their trepidation about inflation. On Wednesday, the parent company of Applebee’s and IHOP announced year-over-year same-store sales growth of 14.3% and 18.1%, respectively. Further, the company’s gross profits increased by 9% year-over-year despite significant inflationary headwinds, and it didn’t see
Jim Demosthenes grew up in a restaurant family. His dad started the Plaza Diner in New Paltz, N.Y., right off the New York State Thruway, and imbued him with a love of operating restaurants. He started in the business at age 14 working the graveyard shift from 4 a.m. to 11 a.m. at Deisings Bakery