The pandemic was a red-line threat for the budget breakfast chain, but its recent rebound is putting its billionaire owner on track to capitalize on an industry in crisis.
Direct-to-consumer sales will likely be a lasting legacy of the pandemic as well as a growing presence in all categories, including F & B. To understand the future of F & B, it’s important to see how DTC is changing the industry, providing opportunity for some and challenges for others.
After a health scare in his life, Jason Karp, started to really study the food that he was putting in his body. That led him to start Hu, a better-for-you snack maker that recently sold to Mondelez. In his latest entrepreneurial venture, Jason is the CEO and co-founder of HumanCo.
Todd Graves, Raising Cane’s founder/CEO, recruited experts from his own company, as well as celebrity friends like Shaquille O’Neal and Snoop Dogg, to help 10 independent restaurants struggling through the pandemic for a new series called Restaurant Recovery.
Slice has raised $40 million in a new funding round led by Cross Creek and featuring 01 Advisors, a venture created by former Twitter executives Dick Costolo and Adam Bain, both of whom are now advisers to the company. The round brings the company’s total raised since to $123 million.
According to Nielsen, wine cocktails grew 102% in dollar volume in March 2021 compared to the same time last year – even though it was high then too - while the related flavored wine category increased by 33%.
One of my favorite cocktails out there is the mint julep.
Town Branch Distillery, the first distillery to open up in Lexington. KY since prohibition, just launched a new bartender campaign around the drink to salute the 147th running of the Kentucky Derby this year.