Grupo Bimbo Strikes Deal to Buy Everstone Capital Backed Modern Foods
Modern Foods, the first Indian public sector undertaking (PSU) to be privatised, has changed hands for the third time. …
Year: 2020
Solano Baking Co. Survives Up, Downs Over 4 Decades but Continues to Thrive
Solano Baking Co. will celebrate its 40th anniversary in January after having managed its operations to a “new normal” of pandemic requirements. …
Pandemic Had a Profound Effect on the Way We Eat. Here are 2020’s Biggest Food and Drink Trends, According to Kroger
What people ate and drank says a lot about what happened that year – and 2020 is no exception. This is reflected in Kroger’s list of the top 10 trending foods and beverages of 2020, which the grocer giant says shows how Americans embraced cooking and eating at home as part of their new routine. …
Instacart Sees Business Skyrocket During the Pandemic—While Exploiting Workers and Even Failing to Turn a Profit
Instacart, the grocery delivery service, is booming, with sales up 500 percent year-over-year and the company cruising to a $17.7 billion valuation. Their workforce—of mostly low-paid contract workers—has swelled to 500,000 people while the company has taken in $500 million in investment since March. And yet, somehow, Instacart is also losing unimaginable sums of money. …
FDA Warns Whole Foods Market After Repeated Food Recalls for Undeclared Allergens
The U.S. Food and Drug Administration (FDA) posted a warning letter issued to Whole Foods Market for a pattern of receiving and offering for sale misbranded food products necessitating a series of food recalls for allergens. In the last year, Whole Foods Market has recalled more than 30 food products because the presence of major food allergens was not listed on the finished product labels. …