Foodservice News
Compass Group raises $2.425 B from investors in the face of COVID-19 losses
May 20, 2020
Compass Group, the world's largest catering firm and owner of Canteen in the U.S., has raised £2 billion ($2.425 billion) from investors to shore up its…
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Coronavirus pandemic drives orange juice sales, reversing a decades long trend
May 20, 2020
Orange juice sales continue to soar as consumers seek to improve their immunity to COVID-19, according to a Bloomberg report.
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NAMA webinar today to address coping with COVID-19
May 14, 2020
Convenience services industry leaders take the virtual stage today in a free, 20-minute 2 p.m. EST webinar designed to share straight talk on what they're…
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Aramark unveils platform to reopen client locations
May 13, 2020
Aramark has unveiled Aramark EverSafe, a platform to support the safe reopening and sustainable management of client locations around the world, according to a…
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PepsiCo helping restaurant workers coping with COVID-19
May 12, 2020
Building on its more than $50 million commitment for COVID-19 relief, PepsiCo Foodservice is launching four programs aimed at supporting restaurants and their…
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Northern Trust provides $100 million to support small business
May 11, 2020
Northern Trust Corporation is providing $100 million in low-cost funding to assist Community Development Financial Institutions in providing loans to small…
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Del Real Foods names Martinez CFO
May 11, 2020
Del Real Foods, a Hispanic refrigerated foods company, has named Manuel Martinez as its chief financial officer, according to a press release. Del Real is…
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NAMA releases guidelines, checklists for returning to full operations
May 6, 2020
The National Automatic Merchandising Association has released guidelines, including checklists, for operators working to keep break rooms safe, according to a…
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Convenience services industry video reinforces industry’s commitment to safety
May 6, 2020
The convenience services industry banded together nationwide to send a powerful message of support to America's businesses in a 2-minute video produced by Vend…
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Chowbotics quadruples robotic salad maker placements in hospitals amidst new criteria for food safety
May 6, 2020
Chowbotics, a manufacturer of a robotic salad machine, is deploying over 50 new robots providing fresh customizable meals to hospitals around the country…
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Aramark reports 6.7% revenue decline for second quarter
May 5, 2020
Aramark's consolidated revenue declined 6.7% year-over-year for the second quarter to $3.7 billion, with underlying growth in the overall business more than…
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Blue Bell Creameries to pay $19+ million over 2015 listeriosis outbreak
May 4, 2020
Blue Bell Creameries L.P. will pay a total $19.35 million as part of an agreement to plead guilty to charges it shipped contaminated products linked to a 201…
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Hormel Foods operation to reopen today following COVID-19 closure
May 4, 2020
Rochelle Foods, Llc, a subsidiary of Hormel Foods Corp., will reopen as scheduled today, following a 14-day voluntary closure, according to a press release.
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Tyson Foods’ Indiana plant has 900 COVID-19 cases
May 1, 2020
The Cass County, Indiana health department said on Wednesday it has seen just under 1,200 positive COVID-19 cases, including almost 900 employees at the Tyson…
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Kraft Heinz reports 3.3% Q1 net sales gain
May 1, 2020
The Kraft Heinz Company reported net sales increased 3.3% in the first quarter, which reflected higher net sales and organic net sales growth due to strong…
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Mondelez reports 2.6% gain in Q1 net revenue
April 29, 2020
Mondelēz International, Inc. reported net revenues increased 2.6% in the first quarter driven by organic net revenue growth of 6.4% offset by unfavorable…
read nowBelgian city develops fresh food machine to minimize COVID-19 risk
April 29, 2020
The Belgian city of Leuven has developed a mobile food vending machine to allow customers to purchase products from local farmers safely right from the farmer…
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Aramark closes private offering of $1.5 billion in senior unsecured notes
April 28, 2020
Aramark has closed its private offering of $1.5 billion aggregate principal amount of 6.375% senior unsecured notes due 2025, according to a press release.
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Tyson Foods warns food supply chain is breaking due to coronavirus pandemic
April 27, 2020
Tyson Foods, which closed plants in Waterloo, Iowa, and Logansport, Indiana last week to test workers for COVID-19, has warned that "millions of pounds of…
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Nestle reports 6.2% quarterly sales drop
April 24, 2020
Nestle reported total sales decreased by 6.2% to CHF 20.8 billion ($21.46 billion) for the first quarter of 2020 while organic growth reached 4.3% with real…
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