Food & Drink

It’s been a difficult time for Champagne producers recently, no doubt due to the COVID crisis. Below average sales across the board have been due to several reasons including restaurant closures around the world, and the uncertain economy in many nations. As Champagne is thought of by many as a celebratory beverage, many consumers have
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The vast majority of the billionaires on this year’s Forbes list hail from these 10 sectors. There are a record-smashing 2,755 billionaires in the world, according to Forbes’ 2021 World’s Billionaires list. How did they make their mega-fortunes? By doing everything from starting hedge funds and tech companies to breeding pigs and brewing kombucha.  But
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Hopscotch, a unique, immersive art experience that opened in San Antonio last fall, announced the launch of a new restaurant incubator series, Hop-Up. The interactive art gallery, created by entrepreneurs Nicole Jensen and Hunter Inman, is currently soliciting proposals for unique pop-up food concepts to be included in its inaugural Hop-Up series benefiting the San
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If Le Déjeuner sur l’herbe was any indication, dining al fresco was obviously alluring way before 2020. But if the pandemic taught restaurants anything, it’s how to pivot and do things even better—and diners, in turn, have certainly learned how to appreciate their third places more. So for those seeking something beyond a fancy “streetery,” OpenTable—one
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Do Americans need to drink more water? A growing list of private equity firms, venture funds, strategics, athletes, and celebrities sure think so. An estimated 75% of Americans suffer from chronic dehydration. To help combat that, there are now several brands marketing better-for-you electrolyte powders, many of them formulated around the World Health Organization’s recipe
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In 1987, a little-known New York lawyer became a master of the universe when he led a takeover of the food conglomerate Beatrice International, creating the first Black-owned billion-dollar company. Robert Smith, Michael Milken, Henry Kravis and others recall the life and legacy of Reginald F. Lewis. On November 30, 1987, an army of 180
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While visiting Florida’s Panhandle city Destin over several 70-degree days in mid-March, longtime Waffle House chairman Joe Rogers Jr. checked in on fry cooks and managers at three of his 24-hour diners, all just steps from dunes, a sunset or a boardwalk. He coached his workers through some of the biggest crowds they’ve experienced in
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When most private equity companies invest in restaurants, they take a piece of ownership based on providing capital. But inKind Financing, an Austin, Texas based restaurant financing and marketing firm, has found a way to provide capital for restaurants, without  taking any equity. It acquires food and beverage credits from the restaurant, prepaying for these goods.
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