How Chipotle's Founder Is Moving Beyond Burritos

Steve Ells returns to the restaurant industry with a new concept light on meat and long on automation.

FDA Expands Recall of Children’s Fruit Pouches Over Possible Lead Contamination

Updated Nov. 7, 2023 8:51 am ET Federal health officials expanded a recall of children’s fruit pouches to include two more brands over fears of possible lead contamination. Grocery store chains Schnucks and Weis Markets were added to the recall after the Food and Drug Administration said certain brand-name cinnamon applesauce pouches sold in their … Read more

Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening

Updated Nov. 5, 2023 12:01 am ET HONG KONG—Leading Western brands in China are feeling the pinch from the country’s consumer slump. From luxury cosmetics firm Estée Lauder to apparel maker Canada Goose and iPhone seller Apple, companies are reporting weak results, with some saying customers aren’t reopening their wallets almost a year after Covid-related … Read more

Heineken Backs 2023 Guidance After 3Q Revenue Rose But Missed Expectations

Heineken backed its full-year guidance after reporting a third-quarter revenue increase that was slightly below market expectations. The Dutch brewer said adjusted net revenue before exceptional items and amortization—one of its preferred metrics—rose to 8.015 billion euros ($8.49 billion) in the quarter from EUR7.79 billion last year. Copyright ©2023 Dow Jones & Company, Inc. All … Read more

Fonterra Raises 2023/2024 Farmgate Milk Price Forecast

Fonterra Co-operative Group raised its farmgate milk prices forecast, citing an improvement in the outlook for dairy supply and demand. Source link

Meatpacking Plant Closures Cut Deep for Small-Town Economies

Tyson Foods and other meat processors are closing plants amid high costs and falling demand, spelling economic turbulence for the communities where the plants are major employers. Source link

Tian Tu Capital Shares Fall on Hong Kong Debut

Shares of the Chinese private-equity investor and fund manager opened lower on their debut in Hong Kong, failing to provide an initial pop as investor sentiment remained cautious. Source link

Modelo Continues to Win Over Bud Light Drinkers

Constellation Brands CEO says the Mexican beer brand has more room for growth. Source link

Basic Materials Roundup: Market Talk

The latest Market Talks covering Basic Materials. Source link