Category food

What’s next for McDonald’s? | Food Business News

CHICAGO — McDonald’s Corp. has set a goal of growing from approximately 40,000 stores today to 50,000 stores around the world by the end of 2027. While the plan appears to be a commitment to brick-and-mortar growth, it also underpins…

NewTree Fruit Co. unveils expansion plans

DE PERE, WIS.  — NewTree Fruit Co. is expanding with the addition of two facilities within the next two years. The company currently operates out of a processing plant in Traverse City, Mich. They are also in the process of raising…

Benestar, Palmex unite in merger of snacks companies

DALLAS — Benestar Brands, a portfolio company of Dallas-based private investment firm Highlander Partners, LP, has merged with Palmex S. de R.L. de C.V., a portfolio company of Chicago-based Wind Point Partners. As part of the merger, Wind Point will…

Wheat dips in profit-taking from China rallies

Home » Wheat dips in profit-taking from China rallies Source: Sosland Publishing Co. Recap for December 8 Wheat futures declined in profit-taking moves Friday after reaching four-month highs earlier in the week as China continued to buy US supplies. Winter…

McDonald’s rethinking its coffee strategy

CHICAGO — It has been 30 years since McDonald’s Corp. introduced its McCafé coffee platform and, to address regional differences in flavors and formats around the world, a fragmented business has emerged. Now the company is focused on streamlining its…

Walmart delves deeper into digital age

NEW YORK – Walmart will continue to invest in e-commerce and automation in 2024, a year that could bring deflation and falling prices. Even after the COVID-19 pandemic, the number of digitally active Walmart customers continues to increase, said John…

Daiya rolls out reformulated cheese alternatives

VANCOUVER, BC. — Plant-based food maker Daiya Foods has unveiled its reformulated line of dairy-free cheeses. The products now are manufactured using Daiya’s proprietary gluten-free oat cream blend, which was developed following the company’s multi-million dollar investment in traditional fermentation…

Ovāvo formulates freeze-dried powder from avocados

NORTHLAND, NEW ZEALAND — Ovāvo offers freeze-dried powder formulated from process grade avocados. Process grade avocados are those that are too small or have blemishes and unusable for retail sale, the company said. The company dehydrates avocado flesh into its concentrated powder.…

Tamarind tops McCormick’s flavor trends for 2024

HUNT VALLEY, MD. — McCormick & Co. has named tamarind as its flavor of the year for 2024, according to the company’s recently released Flavor Forecast trends report. The annual report is created by a team of chefs, culinary professionals…

Wheat, soybeans, corn climb ahead of reports

Home » Wheat, soybeans, corn climb ahead of reports Source: Sosland Publishing Co. Recap for December 7 Wheat futures climbed Thursday ahead of the USDA’s Crop Production and monthly supply-demand updates. Markets continued to react to China’s purchase of more…

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