Odd Burger Signs Letter of Intent with Franchise Investment AG to Develop up to 50 Locations

Odd Burger Corporation, one of the world's first vegan fast-food chains and the first to go public, today announced that it entered into a Letter of Intent (LOI) with Franchise Investment AG and its parent venture capital division, Angelpreneur AG (collectively the "Developers") to develop up to 50 new Odd Burger restaurant locations in the State of Florida and in the combined territory of Germany, Switzerland and Austria (the region of "DACH") over a period of 8 years...

Foodservice Update Q3 2022: Revisiting Growth Perspectives

The writing is on the wall: economic growth is in jeopardy due to macroeconomic challenges around the world. From severely high natural gas prices in Europe, which affect everything from fertilizer prices to milk powders, to a housing crisis, and continued partial lockdowns in China. Coupled with rising interest rates, softening equity markets, and negative real wage growth, consumer confidence surveys unsurprisingly outline a worsening outlook for demand. It is likely that the US and Europe will both be entering a recession over the next 12 months.

Report summary

In Europe and the...

USMEF Spring Conference Spotlights U.S.-China Trade Relations, Innovative Promotions for US Red Meat

The U.S. Meat Export Federation (USMEF) concluded its spring conference Friday in San Antonio. The three-day meeting examined a number of key issues for U.S. exporters while also updating members on promotional activities for U.S. pork, beef and lamb in a wide range of international markets.

Thursday’s general session focused on agricultural trade relations between the U.S. and China, including a deep dive into the market access gains achieved for U.S. beef and pork through the 2020 Phase One Trade and Economic Agreement...

Americans Plan to Go Big for Mother's Day this Year: OpenTable Data Shows Reservations are Up 39%

After two years of canceled celebrations and plans, Mother's Day dining is back in full force. Data from OpenTable shows that Mother's Day reservations are up 39% compared to pre-pandemic 2019 and 13% compared to 2021. Americans are feeling the excitement: according to a recent survey, 45% of those celebrating Mother's Day are planning to make up for lost time by "going big" for their mom or a mom-like figure this year.

But some things never change...

NCBA Welcomes Announcement on Japan – U.S. Trade Agreement

National Cattlemen’s Beef Association (NCBA) welcomes the announcement that the United States and Japan have reached an agreement in principle on the Japanese beef safeguard. As part of the terms of the Japan – U.S. Trade Agreement, both countries entered consultations after the volume-based safeguard was triggered in March 2021. NCBA strongly supported efforts to secure improvements to the beef safeguard that are mutually beneficial for Japanese consumers and American cattle producers.

“While the details of the agreement in principle have not been disclosed, NCBA is encouraged that today’s announcement means we..."

NRF Welcomes EU-U.S. Agreement on Transatlantic Data Flows

The National Retail Federation welcomed the announcement today that a long-sought agreement in principle on transatlantic data flows has been reached between the United States and the European Union.

“Transatlantic data flows are vitally important to global retailers that operate establishments in Europe or sell goods online or by mobile apps to European consumers,” NRF Senior Vice President for Government Relations David French said. “NRF and our members have long supported a coherent regulatory system for EU-to-U.S. data transfers that works for both consumers and businesses and provides..."