In the latest FI Fast Break news podcast, we discuss the recent bankruptcy of FAT Brands, the owner of approximately 2,200 restaurant locations.
In other food industry news, Amazon plans to shutter its Amazon Go and Amazon Fresh physical stores, converting several of them to Whole Foods locations. Amazon will expand its same-day delivery service to more U.S. cities this year, cashing in on surging demand for household essentials, reported Reuters. Full Story
Meanwhile, Amazon confirmed 16K job cuts, completing a plan for around 30K cuts set in motion in Oct. The company also noted that it could further reduce its white-collar workforce, reported Reuters. Full Story
Elsewhere, restaurants and bars are bracing for a Super Bowl surge that now demands running two businesses at once: a busy dining room and a booming takeout operation. Success hinges on meticulous prep, smart menu engineering – and knowing whether your brand should even play the game. FI Focus … And you can read more about the topic of how to best prepare your establishment for Super Bowl Sunday right now, in an article on the homepage of foodinstitute. … dot.com.
And finally, eighteen states are moving to restrict SNAP purchases, but permissible items vary by state. Grocers note that determining the eligibility of items has become a complex undertaking that requires communication with local food and health leaders, reported The Wall Street Journal. Full Story
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