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24.12.25 - 00:01
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Stew Leonard Jr. on Top Holiday Items, Viral Cookie Milk (Bloomberg)
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Stew Leonard Jr., President and CEO of Stew Leonard's, discusses beef supply and demand and rising food costs ahead of the holidays with Romaine Bostick and Katie Greifeld on “The Close.” He says higher labor costs and a sharp increase in energy prices are putting pressure on food prices. (Source: Bloomberg)...
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28.11.25 - 14:42
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Meituan swings into loss in ′milk tea′ subsidy war with instant commerce rivals (SCMP)
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China's food-delivery giant Meituan swung to a deep quarterly loss, as a costly battle with Alibaba Group Holding's instant commerce business eroded margins and kept revenue growth modest.
The Beijing-based company on Friday reported revenue of 95.5 billion yuan (US$13.3 billion) for the three months to September, up 2 per cent year on year, missing analysts' estimates of 97.5 billion yuan.
However, it booked an operating loss of 19.8 billion yuan, compared with a 13.7 billion yuan operating......
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