Foodservice News & Media
Coffee outlook: Demand strong amidst faltering consumer confidence
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
Consumers still want to spend money on coffee, but some product preferences are changing and external macroeconomic factors are concerning.
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Sysco names Kenny Cheung CFO, promotes Neil Russell to new role
March 28, 2023
Neil Russell Sysco Corp. has named Kenny Cheung as chief financial officer, effective April 17, 2023, while Neil Russell, who has served as interim…
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US Foods names Iacobucci SVP/field operations/CCO
March 24, 2023
Andrew Iacobucci US Foods Holding Corp. has promoted Andrew Iacobucci from chief transition officer to senior executive vice president, field…
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Mars Wrigley names India GM
March 23, 2023
Kalpesh Parmar Mars Wrigley, a division of Mars Inc., promoted Kalpesh Parmar from general manager of Mars Wrigley India to general manager for Mars…
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General Mills raises 2023 expectations on Q3 sales gain and earnings dip
March 23, 2023
General Mills Inc. upgraded its 2023 expectations after posting a 13% Q3 2023 sales boost despite a 16% earnings dip, according to an earnings report.
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Study examines coffee's impact on heart rhythm
March 23, 2023
Consumption of caffeinated coffee did not result in increased episodes of premature atrial contractions, according to a study reported in the New England…
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‘Smart fridges’ today, automated drive-thru’s tomorrow?
by Elliot Maras — Editor, Kiosk Marketplace & Vending Times
The quest to build an automated pizza drive-thru led this entrepreneur to an opportunity to offer 'smart fridges' to provide worksite foodservice.
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SupplyCaddy raises $3.2M
March 22, 2023
SupplyCaddy, a Miami based manufacturer of packaging and disposables for the foodservice industry, has raised $3.2 million in seed funding led by CEAS…
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Tyson Foods to build $70M poultry facility in Arkansas
March 21, 2023
Tyson Foods Inc. announced plans to build a $70 million hatchery in Hope, Arkansas to serve two poultry production complexes shortly after announcing plans to…
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Geia Food acquires Topfoods
March 21, 2023
Geia Food, a Denmark based foodservice manufacturer owned by London based private-equity firm Triton Partners, has acquired Topfoods, a Finland based…
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Laxman Narasimhan takes over Starbucks CEO role
March 20, 2023
Laxman Narasimhan, who was named incoming CEO of Starbucks last year, has officially succeeded Howard Schultz as CEO.
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Selecta Group boosts 2022 sales, reduces loss boosted by pricing
March 16, 2023
Selecta Group, the Switzerland-based route service provider of convenience services, lifted its revenue in 2022 boosted by higher pricing and reduced its loss…
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Kellogg to split into snack, cereal companies
March 16, 2023
Kellogg Co. plans to separate into two public companies focused on global snacking and North American cereal, according to a press release. The names will go…
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Research links coffee to lower diabetes risk, less body fat
March 15, 2023
A new study supports previous research that coffee consumption can lower Type 2 diabetes risk, according to a New York Post report. The study, published in the…
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Tyson Foods to close 2 plants, lay off 1,700
March 14, 2023
Tyson Foods Inc. plans to close two chicken plants in May, affecting nearly 1,700 employees, as part of an effort to strengthen its poultry business, according…
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Sodexo intros fresh food vending, Yo-Kai Express at Lehigh University
March 14, 2023
Lehigh University has the first Yo-Kai Express on the East Coast. Students at Iacocca Hall at Lehigh University's Mountaintop campus can select…
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Financial planning firm taps vending industry veteran Andy Hayes
March 14, 2023
Andy Hayes PWM Planning, a St. Louis, Missouri based financial planning company, has named Andy Hayes director of business development and…
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Gordon Food Service expands to Texas
March 13, 2023
Gordon Food Service, a foodservice distributor with operations in the U.S. and Canada, will open six stores in the greater Houston area to serve local…
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Five Star Food Service acquires Corso’s vending business, boosts Mississippi presence
March 10, 2023
Five Star Food Service Inc., a Chatanooga, Tennessee-based provider of away-from-home food and beverage retail solutions for employers and other commercial…
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Sodexo Canada taps Compass Group’s Johanne Bélanger as CEO
March 10, 2023
Johanne Bélanger Sodexo Canada has named Johanne Bélanger, FCPA, FCA, as CEO, according to a press release.
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