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Food & Beverage
Sara Eisen sat down with Coca-Cola’s CFO John Murphy to learn about the company’s new strategy for driving global growth.
Prices for lettuce varieties including iceberg and Boston lettuce soared after an outbreak of E. coli linked to romaine lettuce stopped sales of the popular salad green.
ISS is supporting Third Point’s efforts to put five nominees on Campbell’s board. It blamed the soup company’s poor performance on shortcomings in M&A strategy and lack of focus.
Kellogg is restructuring its North American business and looking to sell its Keebler, Famous Amos and fruit snacks businesses to refocus on its core breakfast and frozen foods divisions, the company said Monday.
Patrick Grismer will succeed Starbucks CFO Scott Maw, who is set to retire at the end of November after seven years with the company.
Shares of Chipotle Mexican Grill slipped more than 2 percent in premarket trading Monday after Oppenheimer downgraded the stock and said Wall Street is too optimistic about the company’s earnings trajectory.
Shares of Dunkin’ Brands spiked Tuesday as shareholders speculate that the doughnut chain may be a potential target for acquisition.
Campbell Soup has tapped investment bank Goldman Sachs to look at the possibility of selling off some of its businesses to help pay down debt left in the wake of its $6.1 billion acquisition of pretzel maker Snyder’s Lance earlier this year, people familiar with the review tell CNBC.
The differing fortunes of PepsiCo’s snack and beverage have attracted the attention of analysts, investment bankers and activist investor Nelson Peltz.
McDonald’s second-quarter earnings beat Wall Street estimates, but U.S. sales cooled more than expected and revenue tumbled 12 percent, the company said in announcing its results Thursday.
Health experts say they’re examining a possible link between McDonald’s salads and an intestinal parasite that has sickened at least 61 customers. Kate Rogers takes a look at whether McDonald’s will be able to contain the damage better than Chipotle did when it faced a similar issue.
Kate Rogers reports Starbucks plans to eliminate plastic straws from its stores globally by 2020.
Starbucks said Monday that it would eliminate single-use plastic straws from all of its cafes globally by 2020.
Andrew Ross Sorkin reports on the departure of Starbucks chairman and former CEO Howard Schultz and speculation he may seek opportunities in politics.
In the wake of Howard Schultz’s departure as Starbucks Executive Chairman, Kate Rogers takes a look at what this means for the company, as the food and beverage environment becomes more competitive.