Yum Brands – Mikey Dee http://mikeydee.com/ Sat, 25 Sep 2021 14:10:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://mikeydee.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Yum Brands – Mikey Dee http://mikeydee.com/ 32 32 KU graduate and IBA alumnus Sabir Sami appointed KFC CEO https://mikeydee.com/ku-graduate-and-iba-alumnus-sabir-sami-appointed-kfc-ceo/ https://mikeydee.com/ku-graduate-and-iba-alumnus-sabir-sami-appointed-kfc-ceo/#respond Sat, 25 Sep 2021 11:30:53 +0000 https://mikeydee.com/ku-graduate-and-iba-alumnus-sabir-sami-appointed-kfc-ceo/

Sabir Sami is currently Chief Operating Officer of KFC Division and Managing Director of KFC Asia and is based in Toronto, Canada. He will play the role of Tony Lowings and report to Yum! Brand CEO David Gibbs.

The 45-year-old was previously the Managing Director of KFC Pakistan, Middle East, Turkey, North Africa and Asia.

The Institute of Business Administration (IBA) in Karachi, Pakistan awarded Sami Sabir a Master of Business Administration (MBA) in 1988.

He started his career as Assistant Brand Manager at FMCG multinational Proctor and Gamble (P&G) in Australia from 1989 to 1991. After that he worked as Brand Manager for P&G Pakistan from 1990 to 1994.

Sabir worked as Regional Marketing Director for Coca-Cola in Singapore for four years before coming to Pakistan to serve as Managing Director of Reckitt Benckiser from 2000 to 2009. Yum Brands has been his employer since 2009.

Sami will be responsible for the strategy and performance of the KFC brand from January, according to a statement provided by Yum! Trademarks Inc.

Business Wire mentioned the Yum! The CEO of Brands said, “Sabir is an exceptional leader with deep expertise and knowledge of our business and has a proven track record in growing KFC’s physical presence and brand in global markets. whole. “


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KFC will have a new leader in 2022 https://mikeydee.com/kfc-will-have-a-new-leader-in-2022/ https://mikeydee.com/kfc-will-have-a-new-leader-in-2022/#respond Fri, 24 Sep 2021 19:00:30 +0000 https://mikeydee.com/kfc-will-have-a-new-leader-in-2022/

Yum! Brands has promoted Sabir Sami to CEO of KFC Division, effective January 1, 2022. Sami, a 12-year veteran of the company, is currently COO and General Manager of KFC Asia. He will succeed Tony Lowings, who is stepping down as CEO at the end of 2021 before his retirement in early 2022, according to a company statement announcing the transition.

“Sabir is an exceptional leader with deep expertise and knowledge of our business and has a proven track record in growing KFC’s physical presence and brand in markets around the world,” said the CEO of Yum Brands, David Gibbs, in a statement. “As a highly respected strategic brand builder, operations expert and passionate leader, Sabir is a natural fit to continue to successfully execute KFC’s long-term global growth strategies in close partnership with our franchisees and further elevate KFC in as a relevant, easy and distinctive partner. mark (RED).

Sami has been with Yum Brands for 12 years and has held several positions including Managing Director of KFC Restaurants in the Middle East and North Africa. He has been in his current role as Global Managing Director of Brand COO / Asia since January 2020, where he helps oversee 17 markets in the region.

In his new role, Sami will be responsible for driving KFC’s branding and performance around the world.

Lowings will remain CEO of the KFC division until the end of the year as the team moves to new leadership. He will remain at Yum Brands in a different transition role in the first quarter of 2022.

“I am incredibly privileged and excited to continue to work with our talented and dedicated executives at KFC and our incredible franchise partners across the globe to continue to strengthen and accelerate the development of our powerful and iconic brand,” Sami said in a statement. “KFC holds a unique position in the world as a beloved and trusted brand with millions of fans – the future is certainly bright.”

Summary of the news:

  • KFC will have a new leader in 2022
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Fast Food and Fast Food Restaurant Market Recovery and Impact Analysis Report – Quality is Our Recipe, Carrols Restaurant Group, Yum! Brands https://mikeydee.com/fast-food-and-fast-food-restaurant-market-recovery-and-impact-analysis-report-quality-is-our-recipe-carrols-restaurant-group-yum-brands/ https://mikeydee.com/fast-food-and-fast-food-restaurant-market-recovery-and-impact-analysis-report-quality-is-our-recipe-carrols-restaurant-group-yum-brands/#respond Fri, 24 Sep 2021 14:08:27 +0000 https://mikeydee.com/fast-food-and-fast-food-restaurant-market-recovery-and-impact-analysis-report-quality-is-our-recipe-carrols-restaurant-group-yum-brands/

This type of restaurant focuses on fast food service and limited table service. Take away or take away meals are also available. Food is often cooked in bulk ahead of time and kept warm until sold.

The updated report on the fast food and quick service restaurants market gives an accurate analysis of the value chain assessment for the review period of 2021 to 2027. The research includes a comprehensive assessment of the administration of the main companies in the market and their income-generating activities. strategies adopted by them to conduct sustainable business. The service industry report further lists the market gaps, stability, growth drivers, restraining factors, opportunities for the projected period.

Get a sample report with the latest analysis of industry trends: https://www.a2zmarketresearch.com/sample-request/558196

Key companies in this report include: Quality is our recipe, Carrols Restaurant Group, Yum! Brands, Darden Concepts, McDonald’s, Ark Restaurant, Del Taco Restaurant, Restaurant Brands International, Kotipizza Group Oyj, Chipotle Mexican Grill, DD IP Holder, Jack in The Box.

The global fast food and fast food restaurant market is expected to register a notable expansion in the market of XX% during the review period due to the higher market value in 2019. The market research provides a measure of product effectiveness, real-time fast food and restaurant market scenario to fast service, as well as personalized ease. The study further offers market analysis, strategies and planning, R&D landscape, target audience management, market potential, due diligence and competitive landscape.

Scope of the report:

An in-depth analysis of statistics on current and emerging trends offers insight into the dynamics of the fast food and quick service restaurants market. The report includes Porter’s five forces to analyze the importance of various characteristics such as understanding of suppliers and customers, risks posed by various agents, strength of competition, and promising emerging businessmen to understand a resource. precious. Further, the report covers Fast Food and Quick Service Restaurants research data of various companies, benefit, gross margin, global market strategic decisions, and more through tables, charts and infographics. .

The Fast Food And Quick Restaurant Service report highlights an overall assessment of the revenue generated by different segments in different regions for the forecast period, 2021 to 2027. To leverage business owners, gain an in-depth understanding of the Current momentum, the Fast Food and Restaurant Fast Food Research strives to find data on aspects including, but not limited to, demand and supply, distribution channel and technology upgrades. Primarily, determining strict government policies and regulations and government initiatives that promote the growth of the fast food and quick service restaurant market provides knowledge of what to expect for business owners in the years to come.

Global fast food and fast food restaurant market segmentation:

Market segmentation: by type

Chain of shops
Independent store

Market segmentation: by application

In line
Offline

Geographic analysis:

The global fast food and fast food restaurant market is spread across North America, Europe, Asia-Pacific, Middle East, Africa and the rest of the world.

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COVID-19 impact assessment

The COVID-19 pandemic has emerged in containment across regions, line limitations and the breakdown of transport organizations. In addition, the financial vulnerability of the fast food and quick service restaurant market is much higher than past outbreaks such as extreme intense respiratory disease (SARS), avian flu, swine flu, bird flu and Ebola. , inferred from the growing number of infected people. individuals and vulnerability upon exiting the crisis. With the rapid increase in cases, the global fast food and fast food refreshments market is influenced from several points of view.

Accessibility of workforce is disrupting the inventory network of the global fast food and fast food beverage market in every way, as lockdown and the spread of infection cause individuals to stay on the line. interior. The presentation of the manufacturers of Fast Food and Fast Food and the transport of the products are associated. If the assembly movement is stopped, the transport as well as the warehouse network also stop. Stacking and dumping of items i.e. raw materials and results (fasteners), which requires a ton of labor, is also heavily affected due to the pandemic. From the entrance of the assembly plant to the warehouse or distribution center to end customers, i.e. application companies, the entire inventory network of fast food restaurants and fast food is seriously compromised because of the episode.

The research provides answers to the following key questions:

  • What is the projected size of the fast food and quick service restaurant market by 2027?
  • What will the normal share of the industry as a whole be for years to come?
  • What is the major development of the components and restraints of the global fast food and quick service restaurants market in different geographies?
  • Who are the major sellers expected to dominate the market for the 2021 to 2027 evaluation period?
  • What are the moving and upcoming advancements that are expected to influence the advancement of the global fast food and quick service restaurants market?
  • What are the development techniques received by major market sellers to stay ahead of the curve?

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Chipotle shares close to $ 2,000 as shares rally https://mikeydee.com/chipotle-shares-close-to-2000-as-shares-rally/ https://mikeydee.com/chipotle-shares-close-to-2000-as-shares-rally/#respond Thu, 23 Sep 2021 21:55:18 +0000 https://mikeydee.com/chipotle-shares-close-to-2000-as-shares-rally/

Chipotle stock is approaching $ 2,000 per share, up 500% since 2018./Photo: Shutterstock

Chipotle Mexican Grill shares hit a new 52-week high on Thursday, hitting $ 1,958.44 per share before closing at $ 1,944, bringing the quick and laid-back Mexican chain closer to $ 2,000 per share.

The Newport Beach, Calif.-Based chain was among many restaurant companies whose stock prices more than recovered after a sharp sell-off on Monday. The vast majority of restaurants were up Thursday as broader stock indexes rose more than 1%.

The Dow Jones Industrial Average rose more than 500 points on Thursday, up 1.5%, and fully recouped its losses on Monday, as did the larger S&P 500 index.

Many restaurant stocks also recovered. The median stock price rose 2% on Thursday, with all but a half-dozen restaurant companies in positive territory.

Investors are investing a lot of money in casual dining, thanks in large part to a strong earnings report from Olive Garden owner Darden, whose stock hit a new 52-week high and closed higher by 6% on the day. This appeared to attract other casual dining companies, which held 10 of the 13 top-performing restaurant stocks on Thursday.

Comparatively, Chipotle’s close at just half a percent wasn’t in that territory, but the company owns by far the most expensive shares per share. The company’s shares are up 40% this year thanks in large part to a remarkably strong recovery, including 18% of two-year same-store sales in the second quarter, a result that brought its operating profits to the level restaurants at its highest level since 2015.

Chipotle’s performance just before and since the start of the pandemic has helped the company regain its status as a favorite Wall Street restaurant.

The company’s stock looked like it was going for $ 1,000 a share and more before a series of food safety issues detailed its sales and sent it down. The stock was trading in the $ 300 range when Brian Niccol was named CEO in 2018. Stocks have risen more than 500% since then.

Chipotle also has a business valuation multiple of 45 times earnings before interest, taxes, depreciation and amortization. By comparison, Domino’s valuation is 25x, Starbucks 22, McDonald’s 18, Wendy’s 16, and the valuation multiple of Yum Brands, owner of Taco Bell, is 20, according to data from financial services site Sentieo.

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KFC Promotes Asia Managing Director Sabir Sami To CEO https://mikeydee.com/kfc-promotes-asia-managing-director-sabir-sami-to-ceo/ https://mikeydee.com/kfc-promotes-asia-managing-director-sabir-sami-to-ceo/#respond Thu, 23 Sep 2021 04:30:22 +0000 https://mikeydee.com/kfc-promotes-asia-managing-director-sabir-sami-to-ceo/

Yum! Brands has promoted Sabir Sami, Managing Director of KFC Asia and COO of KFC, to CEO of the Fried Chicken brand. After spending 12 years with the company, Sami succeeds Tony Lowings, who is stepping down as CEO at the end of 2021 before his retirement in early 2022. In this role, Sami will assume global responsibility for driving the strategy. and KFC brand performance. He reports to Yum! CEO of the brand, David Gibbs.

In his current role, Sami oversees operational strategy for the entire KFC market and manages Asia, including Yum! Brands says this is a high growth region. Asia represents 17 markets, excluding China, and comprises over 15% of all restaurants in the KFC Division.

Prior to that, Sami was Managing Director for the Middle East, North Africa, Pakistan and Turkey markets, where he was instrumental in the growth of the company. Sami was also General Manager of KFC Canada and Turkey operations. According to his LinkedIn, Sami has held various executive positions at P&G, The Coca-Cola Company and Reckitt.

Sami said it was incredibly privileged to continue to work with KFC executives and franchise partners around the world to continue to accelerate the development of the brand. He added that KFC’s unique position in the world as a popular and trusted brand is why the future of the company is certainly bright.

Gibbs said the promotion was a natural fit, especially with his skills as a strategic brand builder and operations expert. “With Sami’s strong and proven track record of growing KFC’s physical presence and brand in markets around the world, he would continue to successfully execute the brand’s long-term global growth strategies,” he said. Gibbs explained.

The company has seen changes in his leadership roles with the promotion of Dyke Shipp to KFC Division President and the appointment of Madhav Nayak to KFC Asia Marketing Director in June of this year. Shipp was the former director of development and director of human resources at KFC. He will report to Sami, starting in January 2022. Meanwhile, Nayak is currently overseeing the Greater Asia region which includes Indonesia, Japan, Myanmar and South Korea, among other countries. In August, KFC Asia also saw the departure of its CMO Annabel Fribence. She has led countries in the Central Asia region covering Singapore, Malaysia and Hong Kong during her time there.

Her marketing team in Malaysia also went through leadership changes with Chan May Ling appointed CMO in February 2021, replacing Angelina Villanueva who took on a regional role at KFC Asia under Yum! Brands.

Join our Asia Digital Marketing Conference which will run from November 9, 2021 to November 25, 2021 to learn more about upcoming trends and technologies in the digital world. View the agenda here.

Related Articles:
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Yum! Brands Appoints Marketing Director for KFC Asia
KFC Asia CMO Joins Westpac as Director of Brand and Marketing

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Time to buy Warren Buffett’s cheapest stock? https://mikeydee.com/time-to-buy-warren-buffetts-cheapest-stock/ https://mikeydee.com/time-to-buy-warren-buffetts-cheapest-stock/#respond Wed, 22 Sep 2021 12:40:00 +0000 https://mikeydee.com/time-to-buy-warren-buffetts-cheapest-stock/

Berkshire Hathaway CEO Warren Buffett is the smartest investor of his generation, but behind his genius lies common sense. For example, when asked why he mainly shuns the tech industry in the dot-com era, he replied because he “didn’t get it.”

In recent years, he has reversed this decision. First by hiring young investment managers Ted Weschler and Todd Combs for their knowledge and by updating himself on the sector. Today, Berkshire has invested billions in technology companies.

However, not all investments in the tech sector have generated the kind of return that has defined Buffett’s career. In fact, Berkshire’s cheapest stock is a mainstream tech name. Is it time to invest in the cheapest Buffett stock or to avoid it altogether?

Image source: Getty Images.

Berkshire’s cheapest stock underperforms

Berkshire’s portfolio is huge and contains over 40 companies. Border Teva pharmaceutical, the cheapest company per share is the satellite radio company Sirius XM (NASDAQ: SIRI). Currently, the stock is trading for around $ 6 per share.

Buffett certainly didn’t break his cardinal rule (“Never lose money”) with Sirius XM, but that’s not the extent to which Buffett and his company base their performance.

In Berkshire Hathaway’s famous letters to shareholders, the company compares its performance to the S&P 500 Total Return Index (dividends reinvested). Buffett initiated a position in Sirius at the end of 2016, so here are the returns from 2017 to present by year.

Company / Index

2017 Back

Back 2018

Back 2019

Return 2020

2021 Return YTD

Sirius XM

20.5%

6.5%

25.2%

(10.9%)

(5.2%)

S&P 500

21.8%

(4.4%)

31.5%

18.4%

17.2%

Source: Ycharts.

In total, Sirius XM is up 35.5% since 2017 compared to 112% for the larger S&P 500 during this period.

Sirius’ unique business model has failed

We all know price has no value and Sirius XM is a perfect example of that. Despite the low price per share, the company is rather expensive by traditional parameters, trading at a price-to-earnings ratio of 88 times.

Sirius XM had two powerful pilots on streaming services from Apple and Spotify. The first was Sirius’ strong relationships with automakers to bring its technology into OEM (original equipment manufacturer) applications and offer free introductory periods, which would encourage new car buyers to subscribe. . In contrast, Spotify uses a freemium model where it has to convert an ad-supported free listener to a paid subscriber.

The second was that Sirius XM received more favorable royalty treatment from the US government. The Music Modernization Act of 2018 raised the pay rates for Sirius XM artists, but the costs are still lower than what streaming services have to pay. Unlike streaming services, Sirius XM pays a capped percentage per song which is now equal to 21.4% of the company’s revenue per press release.

The combination of these two elements means that Sirius XM is significantly more profitable on a cost-per-unit basis. For example, in the last quarter, Sirius XM’s gross profit percentage was 55%, while Spotify’s was 26.5%.

Despite these built-in benefits, Sirius XM has seen its share of the subscription market erode. Spotify now has 165 million paying subscribers; Apple Music has around 70 million subscribers; while the combined total for Sirius XM and Pandora acquired is around 41 million. Additionally, Sirius’ market share could erode further in the coming year as chip shortages hamper new car sales.

Buffett sold so I don’t buy

Perhaps unsurprisingly due to his $ 130 billion position in Apple, Buffett has sold shares of Sirius XM in recent years. After taking a position of 167 million shares in 2016, Berkshire has sold in recent years and now holds less than 45 million shares. Looking at Sirius XM’s long-term competitive position, I understand the decision.

Also, the rationale for investing in a stock at a low price doesn’t make much sense now that fractional stocks are available at most of the major brokerage firms. Whether you want to buy $ 50 from Apple, $ 50 from Buffett’s highest stake per share – Amazon, or even buy $ 50 from all of the companies in Buffett’s portfolio by buying Berkshire B shares, you can do it now.

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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of the board of directors of The Motley Fool. Jamal Carnette, CFA owns shares of Amazon and Berkshire Hathaway (B shares). The Motley Fool owns shares and recommends Amazon, Apple, Berkshire Hathaway (B shares) and Spotify Technology. The Motley Fool recommends Sirius XM Holdings Inc. and recommends the following options: long January 2022 $ 1,920 calls to Amazon, long January 2023 $ 200 calls to Berkshire Hathaway (B shares), long March 2023 $ 120 calls to Apple, short January 2022 $ 1,940 calls on Amazon, $ 200 short in January 2023 on Berkshire Hathaway (B shares), January 2023 buy short of $ 265 on Berkshire Hathaway (B shares) and $ 130 short in March 2023 on Apple . The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Plant-based protein food companies not only target vegans, but meat eaters as well https://mikeydee.com/plant-based-protein-food-companies-not-only-target-vegans-but-meat-eaters-as-well/ https://mikeydee.com/plant-based-protein-food-companies-not-only-target-vegans-but-meat-eaters-as-well/#respond Tue, 21 Sep 2021 16:33:00 +0000 https://mikeydee.com/plant-based-protein-food-companies-not-only-target-vegans-but-meat-eaters-as-well/

VANCOUVER, BC, September 21, 2021 / PRNewswire / – United States News Group – Competition Intensifies Among Manufacturers of Plant-Based “Fake Meat” Products for Passing Market Share beyond vegetarians and vegans, but also in the predominantly carnivorous consumer base. Analytical market research predicts the Plant Protein Market to reach $ 21.23 billion by 2027, with a CAGR of 9.5% along the way. For many consumers, the gap between taste profiles and prices is narrowing, as plant proteins become increasingly competitive, with new products coming from large fast food chains like Yum! Trademarks, Inc. (MIAM) and McDonald’s‘S corporation (NYSE: MCD), which work well with plant proteins and CPG specialists such as Beyond Meat, Inc. (NASDAQ: BYND), Brands Conagra, Inc. (NYSE: CAG), and newly public Nepra Foods (CSE: NPRA).

Nepra Foods (CSE: NPRA) supplies proprietary ingredients and processes to major national brands and launches its own products direct to consumers. Having already established a supply chain management and distribution network across the world, Nepra Foods was launched following its recent IPO.

At the forefront of by Nepra the offerings are the company’s hemp-based protein products, backed by a proprietary ingredient called THPMT (Textured Hemp Protein) – all of which are soy-free, GMO-free, allergen-free, and gluten-free.

The company has decades of industry experience, having successfully helped many national brands bring products from concept to market with new ingredients and technical know-how.

Their multi-category plant-based foods include frozen meals, plant-based dairy products, salty snacks, and meat alternatives that are high in protein and fiber, low in carbohydrates, and truly nutritious.

Company executives include co-founder, CEO and director David Bois, and Chief Innovation Officer and Director Chadwick White, both of which were part of the success of Udi’s Gluten Free Foods, which was sold to what is now Brands Conagra, Inc. (NYSE: CAG) in 2012 for $ 125 million.

Another acquisition that is bearing fruit Brands Conagra, Inc. (CAG) is its Gardein vegetable meat brand, which has generated retail sales of $ 170 million last year, up 33.5% from two years ago.

“We are encouraged by the growth of meat eaters in this space,” said Ashley lind, Senior Director, Consumer Insights, Predictive Science at Conagra brands in an interview with FoodNavigator-United States. “Meat eaters make up 95% of the total population and nearly 80% of buyers in the plant-based meat substitutes category, and their growth rates in terms of new buyers and dollar spending also exceed those of their vegan and vegetarian counterparts. “

In an effort to seduce these meat eaters, a collaboration between McDonald’s‘S corporation (NYSE: MCD) and Beyond Meat, Inc. (NASDAQ: BYND) appears to have won over taste testers in UK online publication Mirror, describing the new McPlant burger as tasting “just like beef.”

It’s clear from launch that the fast food giant isn’t just targeting vegetarians, but is also focusing on attracting flexitarians, people who primarily enjoy a vegetarian diet but occasionally eat meat.

According to a spokesperson for McDonald’s, the McPlant aims “to give customers more choice.” McDs also described McPlant as delivering “our signature taste in a bite-sized (and mouth-wiping) kind of sandwich.”

World famous friend chicken chain KFCowned by parent company Brands Conagra, Inc. (CAG) – is also working to replicate its brand offering, which began through a collaboration with Beyond meat.

So far a fake plant-based chicken nugget with Beyond meat aid has been tested, but not yet taken nationally. Beyond Meat noted in an email to CNBC that its bean-based chicken offerings came out just as restaurants were experiencing supply-side shortages and price increases and consumer demand. soared.

In an interview with Bloomberg, the US president of KFC, Kevin hochman said, “What we’re trying to replicate is a net where you actually have the muscle fibers. The texture is a little nicer than what we would call a chewed up and sticky. It’s a different technology.”

Many innovations are still underway as producers seek to replicate beef, chicken and even fish. As new shortages appear to emerge, there is potential for meat substitutes to fill the gap.

For more information, please visit: https://usanewsgroup.com/2021/09/05/the-plant-based-food-revolution-is-here/

Source of the article:

United States News group
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[email protected]

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McDonald’s to remove virgin plastic from Happy Meal toys by 2025 https://mikeydee.com/mcdonalds-to-remove-virgin-plastic-from-happy-meal-toys-by-2025/ https://mikeydee.com/mcdonalds-to-remove-virgin-plastic-from-happy-meal-toys-by-2025/#respond Tue, 21 Sep 2021 15:17:30 +0000 https://mikeydee.com/mcdonalds-to-remove-virgin-plastic-from-happy-meal-toys-by-2025/

Dive brief:

  • McDonald’s plans to make its Happy Meal toys more sustainable by 2025 using renewable, recycled or certified materials such as bio-based and plant-derived materials, the company said on Tuesday.
  • The move will result in a 90% reduction in fossil fuel-based plastic in its Happy Meal toys compared to 2018, which equates to more than 650,000 people eliminating plastic from their lives, said Jenny McColloch, director of sustainability. of McDonald’s, in a statement. company post.
  • This initiative builds on actions it has taken in other countries, such as a transition to more sustainable toys in the United Kingdom, Ireland and France, which has resulted in a 30% reduction in the use of fossil-fuel-based virgin plastic since 2018, the company said.

Dive overview:

McDonald’s transition to sustainable Happy Meal toys is part of its larger initiative reduce plastic pollution in its system, including in its packaging. The company has also set a goal of sourcing 100% of its guest packaging from renewable, recycled or certified sources by 2025, the company announced in August. In 2019, he tested with edible packaging in a 10-day pilot in Germany, and piloted “Green concept stores in Canada, which served as incubators for new packaging options and recycling initiatives. McDonald’s is also part of the NextGen Cup Challenge to create more durable cups.

The company, which sells more than a billion toys a year with its Happy Meals, said the target was triggered by consumer demand, according to CNBC. McDonald’s still plans to offer toys based on classic movies and superheroes as in the past, as well as board games, McColloch said.. The toy change shouldn’t add additional costs to franchisees, according to CNBC. The chain, which has been offering Happy Meals since 1979, also changed its offering a few years ago to offer fruits, vegetables, low-fat dairy products and water. to improve the nutritional value of the meal.

The new toys are expected to begin rolling out in the United States in January, reports CNBC. QSR will also look for ways to recycle old plastic toys, which could include using the recycled plastic for playgrounds and restaurant trays, similar to what the chain has done in the UK and Japan. McColloch said, adding that he is also exploring ways to replace traces of virgin plastics in inks and laminates.

McDonald’s builds on its long-standing ESG initiatives. In October, the company created a global impact team and hired Katie Beirne Fallon as Executive Vice President and Director of Global Impact, responsible for overseeing the company’s philanthropic and ESG strategy. It opened a flagship store in Orlando, Florida in 2020 which became its first net-zero energy restaurant, creating enough renewable energy on-site to cover all of the store’s needs. The company was also a long-time investor in wind and solar energy projects. It also partnered with Ford in 2019 to recycle coffee waste into auto parts.

Many large QSRs have announced commitments to sustainability and the fight against climate change in recent years, including Starbucks, Yum Brands, Restaurant Brands International and Chipotle.

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Howard will become McGaughey’s assistant https://mikeydee.com/howard-will-become-mcgaugheys-assistant/ https://mikeydee.com/howard-will-become-mcgaugheys-assistant/#respond Mon, 20 Sep 2021 21:20:00 +0000 https://mikeydee.com/howard-will-become-mcgaugheys-assistant/

Neil Howard, 2003 Horse of the Year Trainer Mine shafts , will close his team and take on a new role as assistant to Hall of Fame coach Shug McGaughey.

“(I) thought about doing something like this if an opportunity presented itself. I wanted to keep intact what I felt like I had accomplished. When Shug contacted me and asked if I wanted to having a conversation about it, I did, and was a short conversation, ”said Howard, who is based at Churchill Downs in Louisville, Ky.

“We’re really excited about it. I think so is he. I know my clients are,” McGaughey said. “We want to be around Kentucky a little bit from April 1 through the end of November and I think Neil fits that bill pretty well. He’s been in Louisville for a long time. He should know how to get in. And from there and from there and it will be a big stone in my back to have someone as capable as Neil in our organization. He’s been a friend for a long, long time, even before we both started training. I think we did. we both know them pretty well and I can’t wait to have the opportunity to work with Neil. “

Howard’s new role was first reported by the Daily Racing Form.

Photo: BloodHorse Library

Mineshaft wins 2003 Woodward Stakes at Belmont Park

In addition to Mineshaft, Howard, 72, coached 1990 Preakness Stakes (G1) winner Summer Squall and 2000 Kentucky Oaks (G1) winner Secret Status, among other first year winners. Mineshaft and Secret Status were both local breeds for Lane’s End, of which Howard was once the private trainer. Having first opened his stable in 1979, Howard has won 1,256 races to date, with his riders collectively earning $ 53,848,791.

McGaughey, 70, is primarily based in New York City and winters in Florida at Gulfstream Park and Payson Park. Having started his training career a year earlier than Howard, he has trained such figures as Hall of Famers Easy Goer, Lure, Personal Ensign and Inside Information, as well as the 2013 Kentucky Derby presented by Yum! Winner Marques (G1) Orb . A month ago McGaughey won the Philip H. Iselin Stakes (G3) at Monmouth Park with The code of honor , who won the Runhappy Travers Stakes (G1) in 2019. Code of Honor is a thoroughbred for WS Farish of Lane’s End.

Shug McGaughey
Photo: Photos by Z

Shug McGaughey

“I feel like we arrived a bit the same way, similar clients. We cut our teeth under similar coaches. Shug and I have always been friends and we have always had enormous mutual respect.” Howard said.

A combination of factors allowed Howard to prepare at the right time to take on his new role. Howard was already thinking about future opportunities, McGaughey’s assistant Lindsay Schultz is considering going out on her own and McGaughey was looking to send some of her expanding team to the Kentucky Tour.

“It also seemed like an opportunity that wouldn’t come up every day,” Howard added, “so again, I thought about it – not for long – and that’s how it happened.”

“In the last year and a half or so, he has mentioned to me once or twice if anything has happened… Something has happened and I contacted him and we met in Keeneland on Sunday a week ago,” McGaughey said. . “I just asked him to think about it, to talk to Sue, his wife. Later that afternoon, he said to look no further.

“We’re all excited. I think my people are excited, I know I’m excited, my wife (Alison) was excited. When I first mentioned her name, I thought she was going to jump. out the car window. she thinks of Neil and Sue and someone who can help me too. “

With Howard in his new position, plans are for him to remain based at Churchill Downs, where McGaughey currently has 12 stalls, while the track is open to riders. Howard has said he’s ready to move to where he’s needed for the winter.

“Neil being a guy from Louisville, he won’t have to travel except in the winter, and being in Louisville in the winter isn’t the most fun, so I think it will give us more opportunities to meet our obligations at the horses, ”McGaughey said.“ My stable has kind of grown over the last couple of years with my major clients as well as my mainstays and the Phipps and the Janneys. This will give us more opportunities to be competitive on more than one front. “

Howard is currently working on helping clients find trainers for their horses before officially taking the job with McGaughey’s stable.

“I gave some recommendations to some of my clients and they were all very, very responsive to the recommendations I had,” Howard said. “Some of my clients that I met when Buff Bradley retired from training last year. He so graciously recommended me to some of his clients. Buff is still with them in a managerial position, so it’s been great for me. Buff and I are good friends so it’s a joint effort. Buff has worked with me to orchestrate a few of these people going to other coaches and everyone has been over the top. ‘Happy to go with our recommendations. We’re still working on that. “

Howard, who said he didn’t want to stop working, has entries this week at Great Indiana and Churchill Downs as he ends his stable and considers the next phase of his career.

“I can’t wait to be there,” he said. “Shug couldn’t have been nicer contacting me and I really appreciate him more than I could ever tell him.”

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Will Taco Bell lovers sign up for one taco a day? – RetailWire https://mikeydee.com/will-taco-bell-lovers-sign-up-for-one-taco-a-day-retailwire/ https://mikeydee.com/will-taco-bell-lovers-sign-up-for-one-taco-a-day-retailwire/#respond Mon, 20 Sep 2021 15:11:15 +0000 https://mikeydee.com/will-taco-bell-lovers-sign-up-for-one-taco-a-day-retailwire/

Sep 20, 2021

Taco Bell is testing a one-month subscription program, Pass for taco lovers, offering one taco a day.

The chain is testing the program at 17 restaurants in Tucson, Arizona. The monthly cost ranges from $ 5 to $ 10, depending on the location. Consumers can buy the pass on the Taco Bell app, then access a daily taco menu. The seven currently available, including the Doritos Locos Taco and the Crunchy Taco Supreme, are normally priced between $ 1.49 and $ 2.89.

Redemptions are only available through the app. The program runs from September 9 to November 24.

The test comes in addition to the 2020 launch of the Taco Bell Rewards loyalty program, which allows members to earn points for their purchases. David Gibbs, CEO of Taco Bell’s parent company YUM! Brands, said in a recent quarterly call that the program results in “a significant increase in frequency and higher spending per visit.”

It is not known whether the Taco Bell subscription program qualifies by the fast charger as a limited time or daily promotion.

Among the limited-time offers, among the most famous is Olive garden which offers seven weeks of endless pasta bowls for $ 100 per pass. The brand launched the program in 2014 with great fanfare and periodically brought it down to rapid sales. Last fall, the Italian restaurant chain sold 21,000 passes. Smashburger and Red Robin have offered burger passes as part of limited-time promotions.

Among those with year-round subscriptions, Panera garnered the most attention for its February 2020 launch of an $ 8.99 monthly program offering customers a free cup of hot or iced coffee that can be used as often as every two hours, at any time of the day. Catering company report the program generated nearly half a million paying subscribers approximately seven months after its launch, with 35% of program participants considered new Panera customers. About 35 percent of the time, those who redeemed their free drink also bought food.

Circle K launched a monthly plan of $ 5.99 in May that offers a daily drink. ready to eat deploys such a program in New York and Washington DC after being successful in the UK Many local establishments have subscription programs around coffee.

DISCUSSION QUESTIONS: Do you think a daily taco subscription program will be attractive to Taco Bell customers and beneficial to franchisees and the chain? Do you consider the program to be more valuable as a limited time promotion or as part of Taco Bell’s day-to-day operations?

Braintrust

“Food-related subscription plans are like gift cards: the majority of people redeem them for more than face value … It’s a direct source of money for Taco Bell.”

wpDiscuz

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