Chipotle’s new venture fund aims to ease the margin-squeezing constraints of the restaurant. The company has seen double-digit systemwide sales growth between 2017 and 2020. Chipotle’s stock is down 20% despite expectations of $9.04 per share in quarterly earnings. The long lunchtime lines at Chipotle Mexican Grill are a fitting metaphor for the company’s commitment … Read more
The investment funds will be used to expand from 100 percent direct-to-consumer to retail. The initial rollout will take place in Target stores, but the company intends to expand to other retailers throughout 2022. “ Its cereals have a high protein content, and low carbohydrate content, are keto-friendly and include no added sugar, wheat, or … Read more
The Punjab Food Authority has sealed 640 food points and stopped the production of 344 food outlets during the month of September. The teams also imposed Rs19.058 million cumulative fine and served warning notices for improvement to 32,963 food business operators (FBOs) while conducting dozens of special operations and routine checking drive across province. This … Read more
Punjab Food Authority (PFA) has conducted massive inspection drive on food outlets situated at the motorway and highways here on Wednesday. Food safety teams (FSTs) under the supervision of officials have visited several service areas and shut down 11 restaurants, as well as punished nine food business operators (FBOs) with heavy fines. During inspection drive, PFA’s … Read more
