Starbucks is closing its 130 licensed cafés in Russia after 15 years, the coffee giant announced. Its licensee Alshaya Group operates these shops, Reuters reported.
Business
AAK Group’s operating profit increased by 21%, reaching SEK 664 million EUR 63.4 million). Its food ingredients business recorded an operating profit increase of 18%.
The Peter Pane restaurant chain’s menu is now available in Augmented Reality (AR) by scanning a QR code with a smartphone.
Utz Brands reported its sales increased by 26.6% year-over-year, with the release of its financial results for the first quarter. Organic net sales saw a 20.7% increase year over year.
Espresso House announced a leadership transition: John Nylén will retire as Group Chief Executive Officer after nearly seven years as Group CEO and a total of 18 years at the company.
pladis appointed Tim Brett as Managing Director of Western Europe and Emerging Markets, following the decision to combine the two regions.
St Pierre, part of St Pierre Groupe, now distributes three of its brioche ranges to UK retail giant, ASDA.
Bimbo Bakeries USA received the 2022 ENERGY STAR Partner of the Year—Sustained Excellence Award from the Environmental Protection Agency (EPA) and the U.S. Department of Energy.
Mondelēz published its 2021 Snacking Made Right Report, which shows progress toward its short- and long-term Environmental, Social and Governance (ESG) goals, as it strives to become more sustainable.
AAK announced its plan to make a ‘controlled exit’ from its operations and investments in Russia. In March, AAK temporarily froze deliveries to, and sales in, Russia.