10 Mar 2017
Bottled water sales outpace soda for first time in U.S. – CBS
Bottled water overtook soda as the No. 1 drink sold in the U.S. last year, according to one metric.
Americans drank an average of 39.3 gallons of bottled water in 2016 and 38.5 gallons of carbonated soft drinks, according to research and consulting firm Beverage Marketing Corp.
Of course, just because Americans are drinking more water doesn’t mean soda companies are suffering. The top two bottled water brands, Dasani and Aquafina, are owned by Coca-Cola and PepsiCo, respectively. The two companies captured 26 percent of bottled water revenue last year, according to the Wall Street Journal.
Sounds like a good trend.
2 Mar 2017
McDonald’s vows to win back patrons with better burgers – USA Today
McDonald’s executives unveiled plans Wednesday for better burgers, delivery services and more digital-friendly restaurants to return to growth after the loss of “hundreds of millions” of visits by customers who drifted away as the chain fell behind on quality, value and convenience.
In the U.S., the upgrades will be in place at roughly 2,500 of its eateries by the end of this year. Most of the nation’s 14,000 restaurants will be revamped by 2020, according to Chris Kempczinski, president of McDonald’s USA.
9 May 2016
Krispy Kreme Being Taken Private For $1.35 Billion
Krispy Kreme is being taken private by a unit of private equity firm JAB Holding Co. for $1.35 billion, the companies said on Monday.
For JAB, the Krispy Kreme buy comes months after its $13.9 billion acquisition of Keurig Green Mountain. The European private equity conglomerate also has controlling stakes in coffee chains like Peet’s Coffee & Tea, Caribou Coffee , Espresso House and Jacobs Douwe Egberts and bagel shop Einstein Noah Restaurant Group.
The acquisition has been unanimously approved by Krispy Kreme’s board of directors and is expected to close in the third quarter. The company will continue to operate out of its Winston-Salem, North Carolina headquarters.
Thankfully operations will continue as normal in the U.S.