Food & Drink

Topline Despite a decent start for earnings season, Wall Street experts are increasingly warning that corporate profits are likely to take a hit as inflation remains a “headwind” to economic growth and pricing pressures take a bigger toll on consumers. Key Facts Rising costs due to inflation are beginning to impact corporate profit margins and
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Nathan’s Famous started as a nickel hot-dog stand on Coney Island, New York, in 1916. Today, the restaurant has grown into an iconic global brand with its internationally recognized annual hot-dog-eating contest. Insider’s Jake Gabbard visited the Coney Island location to learn how the first-ever hot-dog-eating contest lured crowds to Nathan’s. In this video, Nathan’s
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Hotel chains from Hilton—the world’s second largest hospitality group—to billionaire Robert Kuok’s Shangri-La are accelerating expansion plans across the Asia-Pacific region, betting on a post-pandemic recovery as countries gradually reopen to international travelers. Among global players, Hilton is aggressively expanding across the region, with plans to more than double its footprint in Asia in the
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The International Wine and Spirits Competition is among the biggest—and oldest—annual awards show in all the alcohol industry. In late March, the 53-year-old confab announced its 2022 results, consisting of more than 4,000 liquor entries from across more than 90 different countries. Liquids are judged by a 100-point system, although no expression received higher than
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Well, diarrhea would probably qualify as a surprise after you’ve had some Easter chocolates. And in this case, it would be an egg-stra bad surprise. Ferrero is recalling several different kinds of its Kinder Surprise and other egg products due to a Salmonella Typhimurium outbreak that’s already affected at least 150 people, mostly young kids,
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Eli’s is a story about the classic days of old Chicago. The Chicago of Frank Sinatra and Sammy Davis, Jr., and the first and second Mayor Daley. Eli’s The Place for Steak was a Chicago institution for more than 40 years, from 1966-2005. It was frequented by regular folk on special occasions, influential Chicago journalists
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Topline Despite consumer prices hitting a new four-decade high last month, the latest data show several signs that prices may be moderating slightly, with economists now predicting that inflation may have peaked—though they warn prices will likely remain elevated into next year. Key Facts Though consumer prices spiked 8.5% in the 12 months ending in
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The year 2022 started out well enough for Shanghai-based venture capitalist JP Gan. The investment firm he started, Shanghai-headquartered INCE Capital, said on Jan. 7 it had raised $700 million in new capital from investors including Duke University, Carnegie Mellon University, University of Pittsburgh, Kaiser Permanente, and Dietrich Foundation. In January of this year, it
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Shakey’s Pizza Asia Ventures—controlled by the family of late billionaire Ricardo Po Sr.—expects profits to reach all-time highs, exceeding pre-pandemic levels by next year, as the Philippine restaurant chain accelerates expansion plans. The company returned to the black in 2021 with a net profit of 121 million pesos ($2.3 million), compared with a net loss
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MHP, the biggest food company still operating in the war-torn country, finds that cooperation from workers and investors — and a successful military — are essential to advancing its humanitarian efforts. A company trying to feed the war-torn communities of Ukraine needs drivers with the courage to deliver to survivors trapped in the line of
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Edible enlightenment from our eatery experts and colleagues Monie Begley, Richard Nalley and Randall Lane, as well as brothers Bob, Kip and Tim. The Leopard at des Artistes The Leopard at Des Artistes 1 West 67th St. (212-787-8767) This former Special still is. The Howard Chandler Christy murals are as robust as ever, and the
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