News for the baking industry
Newport Beach / CA. (cmg) Chipotle Mexican Grill Inc. reported financial results for its third quarter ended September 30, 2021. Third quarter highlights, year over year Total revenue increased 21.9 percent to USD 2.0 billion Comparable restaurant sales increased 15.1 percent Digital…
San Francisco / CA. (grb) Food technology company GrubMarket announced it has completed the acquisition of Vancouver-based Funtech Software, a provider of comprehensive eCommerce systems and online grocery software solutions to both online grocery companies…
Berlin / DE. (iuf) Infarm – Indoor Urban Farming GmbH – a rapidly growing urban farming company with global presence, has signed a contract for a new Growing center in Greve, Copenhagen which will measure 6,508 square metres in size, offering more than 3,800 square metres of growing…
Stockholm / SE. (axf) Sweden’s Axfood AB reports a solid third quarter with good profitability despite high comparison figures. A high tempo continues to be maintained with significant focus on investments for the future, and a few weeks ago history was made in the Swedish food retail…
Berlin / DE. (iuf) Infarm – Indoor Urban Farming GmbH – the world’s fastest-growing urban farming company, has signed a contract for a new Growing Centre in Bedford which will measure 9,760 square metres (sqm) in size, offering more than 5500 sqm of growing space in Infarm’s cloud-connected…
Malmö / SE. (oat) Sweden’s Oatly Group AB, the world’s original and largest oat drink company, announced plans to open a new research and innovation center at Lund University in Sweden to further explore the potential of oats. The new innovation center will further Oatly’s…
Shanghai / CN. (yb) Yum China Holdings Inc. announced the opening of its Digital R+D Center with three sites in Shanghai, Nanjing, and Xi’an. The inauguration of the Digital R+D Center represents an important milestone for the Company’s strategy to build a dynamic digital…
St. Louis / MO. (pbc) Panera Bread, a leader and innovator in the fast-casual restaurant segment and part of Luxembourg’s JAB Holding, announces its commitment to become climate positive – removing more carbon from the atmosphere than it emits – by 2050. The first national fast casual…
Bentonville / AR. (wama) Walmart Inc. announced plans to build a new, high-tech distribution center for fresh and frozen groceries in Spartanburg County, set to open in 2024. The new 720,000+ square-foot facility will create more than 400 full-time regional jobs and will rely on combination…
Boise / ID. (abc) Albertsons Companies reported results for the second quarter of fiscal 2021, which ended in Idaho September 11, 2021. Second Quarter of Fiscal 2021 Highlights Identical sales increased 1.5 percent; on a two-year stacked basis identical sales growth was 15.3 percent Digital…
