McDonald's estimates Russia operation suspension will cost $50M per month
McDonald's CFO Ken Ozan emphasized the fast-food giant is still calculating the overall impact, which will include paying for its leased locations, the salaries of its approximately 62,000 employees in Russia, related supply-chain costs and other expenses.
Russia-Ukraine war leads to 'Moscow Mule' renaming at bars, restaurants and retailers
American business owners in the hospitality and food and beverage sector are showing support for Ukraine in light of Russia’s attacks by renaming Moscow Mules – a popular drink that’s typically made from ginger beer, lime juice and vodka.
Charles Entenmann, who helped franchise Long Island family bakery, dead at 92
Charles Entenmann, who propelled his family’s New York bakery into a national brand, died in Florida last month at the age of 92.
March Madness 2022: Reggie Miller teams up with Wendy's for 3rd year, reveals what swag makes it into his bag
Basketball Hall of Famer Reggie Miller will be calling NCAA Men’s Basketball Tournament games as March Madness begins, and fans will be able to see him during the timeouts as well.
Papa John's founder knocks hostile Biden policy: ‘No way’ pizza chain could have started under Bidenomics
Papa John's founder John Schnatter dives into the harmfulness of President Biden's economic policy and the importance of American entrepreneurship at CPAC 2022.
McDonald's pausing Russia operations, temporarily closing restaurants
Russia and Ukraine combined represented approximately 2% of McDonald's system-wide sales, roughly 9% of its revenue and less than 3% of its operating income in 2021.
Wheat prices hit 14-year high, food shortage fears rise
The market volatility and potential disruptions in exports in supply of commodities such as wheat and corn are adding more strain to farmers who are bearing costs from ongoing supply chain snarls.
Russian restaurants impacted by Russia-Ukraine war: report
Many Russian restaurants in New York City have been struggling ever since Russia invaded Ukraine.
Florida Dunkin' worker sentenced for fatal punch of customer
Vonelle Cook was irate when he entered the Dunkin' store last May and began yelling about customer service, police and prosecutors said. When Pujols, who is Black, asked him to leave, Cook called him a racial slur, and Pujols punched him.
Stoli rebrands vodka after Russia’s invasion of Ukraine
Stoli Group announced that it's rebranding the name of its vodka, Stolichnaya, "in direct response to Russia's invasion of Ukraine."
Food pantry staffers say inflation, higher prices bringing more people through their doors
Two years ago, at the beginning of the pandemic, we saw empty shelves in grocery stores. Now, shelves are full, but prices are higher, and some people say if this is the “new normal” for food costs, they can't keep up.
Chick-fil-A opens first Puerto Rico location
Chick-fil-A opened its first location in Puerto Rico last week.
Over 1,600 pounds of beef jerky products recalled over listeria concerns
California--based Boyd Specialties issued the recall for dozens of products under various brand names a "routine FSIS product sample confirmed positive for Listeria monocytogenes," according to a recall notice.
Pork prices may rise due to Russia-Ukraine war
As importing and exporting industries around the world are bracing for the war's impact, some food manufacturers are already voicing concerns.
Delivery robots with Russian ties pulled from 2 US campuses
Two U.S. university campuses are losing their food-delivery robots for now because of Russia's invasion of Ukraine.
Wheat, corn prices surge as Russia invades Ukraine
Ukraine accounts for 12% of the world’s total wheat exports, according to the U.S. Department of Agriculture. It is also estimated to supply 16% of the world’s corn exports this year.
NYC restaurant Russian Tea Room sides with Ukraine: 'We stand against Putin'
The Russian Tea Room — a landmark restaurant in New York City, has taken a stand to show support for Ukraine as Russia continues its attack on the country.
Vodka company launches ‘American Stallion,’ calls for rebranding Moscow Mule amid Russia’s invasion of Ukraine
An Indiana-based vodka company is launching a new drink, “American Stallion,” while calling for the suspension of the Moscow Mule amid Russia’s invasion of Ukraine.
Wheat and corn markets react to war in world's breadbasket
Ukraine and Russia both export a high percentage of the world's grain and corn, meaning that the war could put more stress on the already strained supply lines.
Abbott Nutrition's baby formula recall widens after another infant dies
On Monday, Abbott Nutrition voluntarily recalled one lot of its Similac PM 60/40 that was manufactured in Sturgis, Michigan.