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Food & beverage news

Paris court orders insurer AXA to cover for a restaurant’s COVID-19 related loss in revenue
23rd May
  • French court says insurer AXA must pay for a restaurant's COVID-related operating losses.
  • AXA says businesses must buy a special policy to be covered for COVID-19 related losses.
  • The French multinational insurance firm expresses plans of appealing against the ruling.

Latest Food & beverage news

28th April
PepsiCo tops analysts’ estimates for earnings and revenue in the first quarter
23rd April
Domino’s posts a 7.1% increase in U.S same-store sales in the first month of Q2
23rd April
UK’s CMA approves Takeaway.com’s £6.2 billion takeover of Just Eat
21st April
Starbucks to launch Beyond Meat in China with its new plant-based lunch menu
21st April
Coca-Cola tops analysts’ estimates for earnings and revenue in the first quarter
21st April
J.M. Smucker gives stronger guidance for fiscal 2020 on Coronavirus driven stockpiling
20th April
FTC gives green light to PepsiCo’s £3.09 billion acquisition of RockStar Energy
17th April
UK’s antitrust watchdog clears Amazon’s stake in Deliveroo
15th April
AB InBev cuts 2019 final dividend by 50% due to Coronavirus uncertainty
14th April
McDonald’s faces lawsuit for sexual harassment at its corporate-owned locations in Florida
13th April
Smithfield closes Sioux Falls plant as Coronavirus cases rise among employees
9th April
Diageo suspends share buybacks and withdraws full-year guidance on Coronavirus uncertainty
4th April
Constellation Brands releases an upbeat earnings report for the fourth quarter
3rd April
Luckin Coffee slips over 75% as internal investigation reveals COO to be involved in fabricating sales
3rd April
Dave & Buster’s climbs 12% on a stronger than expected Q4 earnings report
31st March
Restaurant Brands International defers rent and offers cash advances to franchisees
26th March
Wendy’s withdraws financial guidance for 2020 as same-store sales decrease by 20%
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