Foodservice News & Media

Nestle acquires major stake in Yfood

April 7, 2023

Nestle SA has acquired a 49.95% stake in Yfood, a direct-to-consumer food startup that provides meal replacement beverages, powders and nutrition bars…

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Sodexo lifts half-year results on pandemic recovery

April 6, 2023

Sodexo, a Paris-based provider of food and convenience services, lifted its 2023 half year revenue and profit boosted by its post-COVID recovery, according to…

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Conagra Brands lifts Q3 2023 results supported by pricing action

April 5, 2023

Conagra Brands Inc. lifted its Q3 2023 sales and earnings over the prior year period, boosted largely by pricing action, according to an earnings report.

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In Memoriam: Thank you for your service, Tim Sanford

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

Tim Sanford, who recently passed away, was not only an industry journalist but a true industry historian.

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Aramark Sports+ Entertainment to feature self-checkout technology at MLB stadiums

April 4, 2023

Aramark Sports + Entertainment, a hospitality provider at nine Major League Baseball stadiums, will welcome fans back to ballparks with state-of-the-art…

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Mars to acquire veterinary diagnostic company for $1.3B

April 3, 2023

Mars Inc. has agreed to acquire Heska, a provider of veterinary diagnostic and specialty products, for $120 per share, according to a press release.

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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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