News & Media
Kraft Heinz reports Q3 sales gain, surpasses expectations
October 29, 2020
The Kraft Heinz Co. net sales rose 6%, from $6.07 billion in 2019's third quarter to $6.4 billion for the quarter ending Sept. 26, 2020, despite an unfavorable…
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Kellogg’s Q3 earnings beat expectations, driven by organic growth
October 29, 2020
Kellogg's third quarter net sales increased nearly 2%, from $3.37 billion in 2019 to $3.43 billion in 2020, as the absence of approximately one month of…
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Hershey invests in natural foods provider Quinn
October 29, 2020
Quinn, a natural foods snack company, has closed on additional Series D funding including an undisclosed minority investment from The Hershey Co. in addition…
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Monster enters sports drink business with Superfuel
October 29, 2020
Monster is moving into the sports drink arena with its Superfuel line, featuring four flavors: Zero Sugar Fantasy Fruit, Tropical Thunder, Blue Ice and Purple…
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NY vending association urges lawmakers to extend tax exemption to help survive coronavirus
October 29, 2020
Members of the New York State Automatic Vending Association have sent letters to state lawmakers urging them to sustain the vending product sales tax exemption…
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Beverage service in the pandemic era
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
As convenience services operators work to meet health and safety concerns during the pandemic, the solutions they are discovering will find a receptive…
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Curtis introduces combo digital coffee brewer
October 28, 2020
Curtis, a member of the SEB Professional North America family of industry-leadng coffee and tea solutions, has introduced its G4 Combo Brewer digital…
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PayRange files second patent infringement suit against KioSoft
October 28, 2020
PayRange, which provides a mobile payment solution for unattended retail machines, has filed an additional patent infringement lawsuit against KioSoft…
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Shwan’s CEO Smyrnios becomes executive chairman of parent company
October 28, 2020
Dimitrios Smyrnios Dimitrios Smyrnios, CEO of Schwan's Co., has been named executive chairman of CJCJ Food Americas, according to a press release. As…
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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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