Diageo will launch “100% plastic free” bottles of Johnnie Walker starting next year, the latest example of a major beverage maker trying to move towards more sustainable packaging ways. In a statement on Monday, the British firm said the bottle would be paper-based and “made entirely of wood of sustainable …
Read More »Luckin Coffee fires President Lu, appoints Guo as CEO
Charles Lu Zhengyao VCG | fake pictures Luckin Coffee has expelled co-founder and president Charles Zhengyao Lu and replaced him with Jinyi Guo, who will also be the chief executive, the conflicting coffee chain revealed Monday. Guo was previously the interim CEO of the company. The move to replace Lu …
Read More »PepsiCo Earnings (PEP) 2Q 2020
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | fake pictures PepsiCo reported Monday that its quarterly revenue fell as fewer consumers bought their drinks at restaurants or convenience stores as a result of the coronavirus pandemic. The company reported growth in its …
Read More »Opening and closing can be the death sentence for restaurants
Junior’s Cheesecake owner Alan Rosen told CNBC on Monday that restaurants would be in serious financial trouble if they had to reopen and then close again due to the coronavirus pandemic. “This opening and closing could be the death sentence for restaurants in this country,” Rosen said in “Power Lunch.” …
Read More »Uber Buys Postmates Food Delivery Service For $ 2.65 Billion In Stock
Uber has purchased the Postmates food delivery service for $ 2.65 billion in shares, the companies announced Monday. The deal brings together the fourth-largest food delivery service in the US with Uber Eats, which only beats DoorDash in market share, according to Second Measure and Edison Trends. The companies said …
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