The world population is estimated to rise over 9 billion in 2050, putting pressure on food security, Cara Mayo and Ben Simon write. Could food recovery be the key to securing the food industry?
Swiss chocolate maker Lindt & Sprügli says it is acquiring Russell Stover Candies, making the company the third-largest chocolate maker in North America. Details of Lindt & Sprügli's acquisition were not disclosed, but several media outlets report the deal was between $1 billion to $1.4 billion.
Restaurants have been slowing down on advertisement spending in the US. The reason behind the trend is that many US restaurants are offering fewer limited time offers (LTOs).
The harvest brought in about $50 million more than last year. In spite of so many farmers growing the crop, they are unable to reach the volumes grown in the days of commercial farming.