News & Media
LibertyX enables existing ATMs to exchange bitcoin for cash
October 28, 2020
LibertyX, which operates 5,000 ATMs that sell bitcoin, has enabled participating ATMs that allow customers to convert bitcoin into cash in seconds, according…
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Sodexo to cut 2,038 positions due to COVID-19
October 28, 2020
Sodexo, a Paris-based foodservice contractor, plans to cut 2,083 jobs as part of a financial restructuring on account of COVID-19, according to a Reuters…
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JM Smucker to sell Crisco business to B&G Foods for $550 million
October 27, 2020
The J.M. Smucker Co. has agreed to sell its Crisco oils and shortening business to B&G Foods, Inc. in a cash transaction valued at approximately $55…
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Keurig Dr Pepper changes its executive leadership team
October 27, 2020
Keurig Dr Pepper Inc. announced changes to its executive leadership team.
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Coca Cola's Costa Coffee rebrands Briggo
October 27, 2020
The Coca-Cola Co. has rebranded the Briggo website, having acquired the automated coffee machine business earlier this year, according to an email from The…
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Inspire Brands’ Dunkin’ bid a challenge to JAB’s coffee dominance?
October 27, 2020
Inspire Brands' bid for Dunkin' may mark the first salvo in a war for coffee dominance with JAB, which owns Peet's, Krispy Kreme, Stumptown and Intelligentsia…
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LAI Games shares Virtual Rabbids insights with LB VR community
October 27, 2020
LAI Games is teaming up with Ubisoft to give the location-based VR community insight into the creation of the unattended VR attraction, Virtual Rabbids: The…
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Keurig Dr Pepper transitions to 100% recycled plastic bottles for Snapple and CORE
October 27, 2020
Keurig Dr Pepper's Snapple and CORE brands are transitioning to bottles made of 100% recycled plastic, eliminating approximately 46.3 million pounds of virgin…
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What does Tab’s discontinuation say about the future of convenience services?
by Tim Sanford
Coca Cola Co.'s discontinuation of Tab, its first diet drink, underscores several factors affecting convenience services and the hard choices the industry…
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Coronavirus strengthens the case for contactless payments in family entertainment centers
by Sara Paz
Cash is notoriously covered in germs; studies suggest that paper bills contain bacteria and viruses for days, leading to the spread of infectious diseases.
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Kraft Heinz chief growth officer to step down
October 26, 2020
Nina Barton Nina Barton, chief growth officer at Kraft Heinz, has chosen to leave the company to seek other career opportunities, according to a…
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Coca-Cola European bottler offers to buy Australian bottler
October 26, 2020
Coca-Cola Co.'s European bottler, KO.N, has offered A$9.28 billion ($6.6 billion) for Coca-Cola Amatil Ltd., an Australian bottler, according to a…
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USA Technologies upgrades ePort to accept EMV contact and contactless payments
October 26, 2020
USA Technologies Inc., a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, has…
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Inspire Brands acquiring Dunkin' Brands?
October 26, 2020
Dunkin' Brands Group Inc., the parent company of Dunkin' and Baskin-Robbins, has confirmed that it held preliminary discussions to be acquired by Inspire…
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Stern inducts Siddiqi, Grant into Pinball Expo Hall of Fame
October 26, 2020
Gary Stern, chairman and CEO of Stern Pinball, inducted both Shazade (Chas) Siddiqi and Tommy Grant into the Pinball Expo Hall of Fame during this year's…
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Nestle boosts 9-month organic sales amid challenging market
October 23, 2020
Nestle SA reported sales for the first nine months decreased by 9.4% from CHF 68.4 billion ($75.47 billion) in 2019 to CHF 61.9 billion ($68.3 billion) in…
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Unilever Q3 sales increase boosted by strong at-home business
October 23, 2020
Unilever, a manufacturer of food and hygiene products with brands such as Ben & Jerry's and Magnum, reported Q3 sales of 12.93 billion euros ($15.2…
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Aramark lays off thousands more due to COVID-19
October 22, 2020
Aramark, one of the world's largest convenience services and contract foodservice providers, has laid off thousands of employees at professional sports…
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OptConnect receives patent for 'Connectivity as a Service' modem
October 22, 2020
OptConnect, a provider of managed wireless connectivity services, has received a patent for OptConnect ema. its embedded modem that provides…
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Coca-Cola Q3 sales, earnings fall, as away-from-home segment slides
October 22, 2020
Coca-Cola Co.'s net revenues of $8.7 billion dipped 9% in the third quarter ending Sept. 25 compared to last year's $9.5 billion for the period, but beat…
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