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Tech

Founder of Uber Eats Rival Takeaway Now Worth $1.4 Billion

5 years ago

The food delivery marketplaces that are about to go public in the U.S. are eyeing this kind of international success very closely.

Tech

Need Kitchen Workers? There’s an App for That

5 years ago

A "gig" marketplace for restaurant work is a great way for businesses to fill gaps in their schedules, especially at the last minute.

Chains

Chinese Startup Luckin Coffee Files for Its U.S. IPO

5 years ago

A look at Luckin Coffee's financials detail what we already knew: The company, just founded in 2017, is growing too fast for its own good. A pending IPO will only add to the mounting pressure of competing with Starbucks in its second largest market.

Food

Beyond Meat’s Pending IPO Could Be Valued at $1.2 Billion

5 years ago

Beyond Meat is one of several makers of plant-based meat substitutes that have attracted high-profile investors. And with revenue more than doubling in 2018 for the second consecutive year, it's easy to see why.

Tech

Uber Eats Can’t Keep Both Restaurants and Investors Happy

5 years ago

Keeping all stakeholders happy may require Uber Eats to improve current relationships with eateries via marketing incentives or lower commission fees, perhaps at the expense of its own bottomline. Investors will surely not like that very much.

Independents

A Sinatra Hangout Reopens in Los Angeles, for a Limited Time Only

5 years ago

What's old is new again — again. We're into the nostalgia factor of these formerly high-profile restaurants, and a limited-time revival is a good way to play to people's emotions without the commitment of running a long-term sustainable business.

Food

Carl’s Jr. Puts CBD on the Menu… For One Day Only

5 years ago

The burger (well, its sauce) contains a tiny amount of CBD, well under the threshold of any perceived effect. The chain calls this a "test," but it's for one day, in one store.

Food

China’s Fastest Growing Hotpot Chain Just Minted Two Billionaires

5 years ago

We've regularly argued for the power of the "experience" in restaurants. We still don't think that is the same thing as "cooking your own meal," but it is hard to argue with the market's response. We will still argue it's not sustainable long term.

Food

The Portuguese Egg Tart That’s the Next Big Thing at Restaurants

5 years ago

The Skift office is a half block away from one of Mendes' former restaurants in New York City. That's to say we are not an impartial observer of this amazing and delicious trend.

Chains

Starbucks Invests in Solar Energy to Power Stores in Texas

5 years ago

Starbucks has tried to paint itself as a "green company" for at least two years now. With strawless lids already in distribution, and a company mandate to introduce new recyclable cups to cut down on its waste footprint by 2022, it may actually be working.

Chains

Malaysia KFC Operator May Take Company Public This Year

5 years ago

The IPO would give a boost to share sales, although fundraising via this route isn't as lucrative as it once was in Malaysia.

Tech

Uber’s Ultimate Success Could Depend on Uber Eats

5 years ago

Uber Eats has proven that it has the runway to generate a significant portion of Uber's overall revenue, but food delivery is a volatile business. The service may be winning big contracts with McDonald's and Starbucks, but that isn't necessarily translating into more profits.