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When the French tire maker Michelin closed its factories during the coronavirus pandemic, Florent Menegaux, the company’s chief executive, took stock of the closures’ impact on employees worldwide. Thousands of workers in Asia, Europe and the United States at the lower end of the company’s pay scales could barely get by, an independent review showed. “If workers are just in survival mode, it’s a big problem,” Mr. Menegaux said in an interview. “When the wealth distribution in a company is too unequal, that’s a problem, too.”The announcement quickly ignited a debate in France over what exactly constitutes a decent wage and whether more French corporations should follow suit. Unions warned that the Michelin pledge would still leave some workers struggling and that it did not come with a guarantee against future layoffs or site closures.
Persons: Florent Menegaux, Mr, Menegaux, Organizations: Michelin, Unions Locations: Asia, Europe, United States, France
I tried Gordon Ramsay's 10-minute pasta, which he makes for his family every week. Ramsay's delicious pasta was light and bright — perfect for a midweek pick-me-up. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrom his 15-minute tagliatelle Bolognese to his 10-minute bacon cheeseburger, Gordon Ramsay has never let me down when I need a fast recipe.
Persons: Gordon Ramsay's, , Bolognese, Gordon Ramsay Organizations: Service, Michelin Locations: leek
Higher life expectancy rates mean that some Gen Zers might be retired for 50 years, says UBS. A portfolio needs to beat inflation by 2 percentage points to retire well, the bank said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGen Zers could spend up to 50 years in retirement — so they should start investing as soon as possible, according to UBS. Typical investing wisdom posits that a retired person's portfolio should aim to keep pace with inflation.
Persons: Zers, , Lee Wen Ching, Wen Ching, Andrew J, Scott, We've, we'd Organizations: UBS, Service, Michelin Locations: Swiss
At New York's Dragon Festival, authentic Chinese brands and restaurants excite locals' taste buds. Its founder shared some of her favorite vendors of soup dumplings and candies at the opening event. "This doesn't taste like home," said Xu, a 31-year-old entrepreneur and the creator of New York City's Dragon Festival, the biggest Chinese-food festival in the metropolitan area. Jessie YuChen for BIChen said that confectioners in her home province of Fujian, China, caught her attention when she was younger. In 2006, inspired by the soup dumplings made popular by Shanghai's Nanxiang district, Ma opened his first New York City storefront.
Persons: , Xu, Jessie YuChen, she's, Mila, Tang Hulu, I'm, Bu Tong, Ivy Chen, Dragon Lulu, Chen, Vivian Cao, confectioners, Emperor Guangzong, Michael Ma, Xiang Xiao Long Bao, Nan Xiang Xiao Long Bao, Ma, Nan, bartenders, Coco, Xibei Yang Organizations: Service, Park, Dragon, Prospect, lollipop, Michelin, Chi Forest, Haidilao, BI Locations: New York, SoHo, Chinatown, Flushing, York City, Koreatown, Union, Chelsea, Washington, Kwa, Henan, Queens, Prospect Park , Brooklyn, Beijing, Fujian, China, Shanghai, York, Nanxiang, New York City, Jiangsu, Zhejiang, Chi, Thai, Bangkok, Sichuan, Manhattan
Gordon Ramsay grew up with a disadvantaged childhood. AdvertisementIf Gordon Ramsay had a dollar for every time he shouted the F-word … he'd probably still be the multi-millionaire he is today. The global celebrity chef places 19th on Forbes' list of the world's highest-paid celebrities and has amassed a substantial fortune. Ramsay grew up in an abusive household and relied at times on handouts from neighbors. This is how the foul-mouthed, Michelin-starred celebrity chef made his way up in the world.
Persons: Gordon Ramsay, , wasn't, Ramsay Organizations: Service, Forbes
That's the reality for the ultra rich, and people like Jaclyn Sienna India make it happen. India is the founder of a Sienna Charles, a members-only travel agency that caters to wealthy clients who take million-dollar trips around the world. That includes "arranging spa appointments, recruiting house staff, helping clients build a home gym, whatever they need," India told The Cut. "He has all the money in the world, but he didn't want to go to Michelin-star restaurants," India told The Cut. "A lot of our clients work really, really hard, and it's important for them to have consistency and routine wherever they go."
Persons: Jaclyn Sienna India, Sienna Charles, she's, they're Organizations: FedEx, Michelin Locations: Versailles, India, New York City, Dallas, Los Angeles, San Francisco
I spent seven days eating on a luxury Virgin Voyages cruise ship. The cruise ship offered over 20 eateries with menus crafted by Michelin-starred chefs. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLast summer, I sailed the Mediterranean Sea for seven days on a luxury Virgin Voyages cruise ship. Every Virgin Voyages ship has the same 20 restaurants and eateries on board with menus designed by Michelin-starred chefs, according to the cruise line's website.
Persons: Organizations: Virgin, Michelin, Service, Business
On a cool, windy day in February, two big white dogs escaped from a well-known nonprofit farm in Westchester County and ended up on a public footpath deep in a New York State park. They encountered a 10-pound miniature poodle on a leash. The larger dogs attacked, killing the poodle and then severely injuring its owner. Acting on the recommendations of state law, a local judge ordered the dogs to be euthanized. The farm, Stone Barns Center for Food and Agriculture, which is connected to Blue Hill at Stone Barns, a Michelin-starred restaurant in Pocantico Hills, filed an appeal on Thursday to stay the dogs’ euthanization.
Persons: Yong Ging Qian Organizations: Stone Barns, Food, Agriculture, Michelin, Mount Pleasant Justice Court Locations: Westchester County, New York State, Stone, Pocantico Hills, Mount Pleasant
Olympic luxury packages are already on sale, offering exclusive access to the sporting spectacle, alongside very upscale travel and accommodation experiences. And this year, there’s no bigger sporting event than the Paris 2024 Olympic Games. Tour operator Kensington Tours says it has two clients coming into Paris for the first seven nights of the Games. “Paris presents a wealth of opportunities for luxury travelers to indulge in during the Olympics,” Adto Teppa says. Pierre MonettaTo ensure their clients have access to Paris’ most prestigious hotels, many luxury travel advisers have made blanket bookings at properties across the city.
Persons: cher, Barnabas Carrega, , ” Carrega, ’ Carrega, Ducasse, Alain Ducasse, won’t, They’ll, they’ll, AZA, Angela Adto Teppa, ” Adto Teppa, Palais, Paris, Andrea Galvez, , Galvez, Pierre Monetta, We’ve, Dave Guenter, Crillon, Nicolas De Gols, De Gols, Fraser Yachts, Askari, Patrick Locqueneux, Clément Bru, Charles de Brosses, Cookoon, “ We’ve, ” Bru, Henri Jayer Vosne, Domaine, Conti, de Mars, Simone Biles Organizations: CNN, Paris, CNN Travel, Michelin, Olympic, Kensington, Eiffel, Palais Garnier, Travel, Opera Ballet, Travel Group, Le Bristol Paris, Paris ’, Royal, Raffles, , Royal Monceau’s, Nice, Tahiti, Fraser Locations: Paris, American, Alma, Kensington, Oahu, Hawaii, New York, Rosewood, Le Bristol, Raffles Paris, Marseille, Polynesia, Teahupo’o, Tahiti, Monaco, France, Burgundy
Better known to the rest of the world as mango sticky rice, it’s a deceptively simple dish. And few have perfected that balance as well as 63-year-old Varee Jeensuwan, the undeniable queen of mango sticky rice in Bangkok. In 2022, she performed at the Coachella music festival in California and ended her show by digging into a bowl of mango sticky rice. K Panich has been dishing out mango sticky rice since 1932. According to R-Haan co-owner/chef Chumpol Jangprai, there’s evidence suggesting mango sticky rice has been around since Thailand’s late Ayutthaya period (1351-1767), with references to the dish found in the centuries to follow.
Persons: Mae Varee, , Bangkok's Mae Varee, Lauren DeCicca, Rong, , Nam Dok Mai, Chiang Rai, Milli, Panich, Pongpat, – it’s, Bib, Khun Nan, Mai, it’s, It’s, Haan, Chumpol Jangprai, Rama V’s Organizations: CNN, Bangkok CNN, Coachella, Haan Locations: Bangkok, Thailand, Bangkok’s, Thonglor, Mae, Bangkok's, province’s Bangkhla, Damnoen Saduak, Ratchaburi province, , nieow, Thailand’s, Suratthani, China , Hong Kong, Singapore, Thai, California
Read previewDropbox cofounder and CEO Drew Houston said he views his employees like customers, and that means giving them what they want — which isn't in-person work. Many companies are pushing employees to return to office in a hybrid structure, including giants like Google, Apple, and Amazon. Transitioning to virtual first meant getting rid of the "super vibrant in-person culture" Dropbox had before, the CEO said. But Houston said people voted "voted with their feet that they value flexibility a lot more than snacks in the office." AdvertisementThe CEO said one of the problems with hybrid work is it puts employees on a leash to tied to the nearby office space.
Persons: , Drew Houston, Houston, Dropbox, Aaron Wojack, would've Organizations: Service, Business, Apple, Dropbox, Michelin, Google, Chicago Locations: San Francisco, Boston, LA, Houston
Within hedge funds in particular, there has been a war for talent — or a talent bubble, depending on who you talk to — as the biggest funds grow ever larger. Banks, hedge funds, consulting — it's all on the table for Monnier in a chaotic recruiting environment that is unlike the ones he has experienced before. Pros and cons of the buy-sideThe best job market Monnier has experienced was, naturally, before the global financial crisis. Now, the job market isn't as hot, but the number of players interested in his skillset has grown. Average pay at hedge funds was nearly $500,000.
Persons: , Jeremy Monnier doesn't, Goldman Sachs, Joe Leung, Leung, Monnier, Banks, Goldman, Zar Amrolia, Amrolia, he's, eFinancialCareers, they'd, doesn't Organizations: Service, Michelin, Business, Barclays, Deutsche Bank, Monnier, Deutsche, XTX, Barclays — Locations: London, German, Normandy, France, Paris, United Kingdom
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A group of former McDonald's workers reunited at their old restaurant 50 years later. AdvertisementA group of former McDonald's workers went back to their old restaurant in Missouri for a "Class of 1975" reunion to mark nearly 50 years since they worked together. Courtesy of McDonald'sElhoffer was 16 when she started working at the Hazelwood restaurant, she told BI. AdvertisementThey became close friends while working at the restaurant, Elhoffer said, with some of them playing on the restaurant's softball team. AdvertisementCourtesy of McDonald'sThe biggest change since she started working at McDonald's has been the introduction of drive-thrus, Elhoffer said.
Persons: , Joan Elhoffer, Elhoffer, they'd, McDonald's, St Louis . Seven Organizations: Service, Michelin, McDonald's, Hamburger University, St Louis Locations: Missouri, Hazelwood, Arkansas , Florida , Ohio, Tennessee, St, McDonald's
The Masters Tournament begins this week at Augusta National Golf Club. That's thanks to the Masters Tournament, the first in an annual run of major professional golf championships and a favorite of the superrich. Former Secretary of State Condoleezza Rice became one of the first women to join Augusta National in 2012. But if you're not a member, you're not invited by a member, you're not getting on Augusta National." The names of Augusta National members are kept confidential, though their green jackets are a tell.
Persons: Warren Buffett, Bill Gates, , Dirk Ziff, Stanley Druckenmiller —, Barnabas Carrega, Carrega, State Condoleezza Rice, Timothy A, Clary, weren't, Darla Dee Moore, Richard Rainwater, Augusta National's, Billy Casper, Horton Smith, Jamie Squire, Phil Knight —, Robert Rowling, Herbert Allen Jr, David Duffield, Ernest Garcia, Greg Mondre, Garth Brooks, Luke Bryan, Rory McIlroy, Tiger Woods, that's Organizations: Augusta National Golf, Private, Service, Michelin, Golf, Bloomberg, State, Augusta National, Getty, Augusta, Augusta Regional Airport, Nike, reselling, Ticketmaster Locations: Augusta , Georgia, Augusta, Georgia, United States, Carvana
Dubbed NYC's dessert doyenne, the chef has developed her own set of red flags to look out for whenever she visits high-end bakeries. And if the croissants look perfectly machine-made, something might not be right in the kitchen. Beware of bread that's wrappedMick said high-end bakeries should only be selling fresh bread. ciobanu ana maria/Getty ImagesBefore she even steps into a bakery, Mick might turn to Instagram for visuals. So, for example, a bakery that's filling cannoli and leaving them in the case until they're purchased raises some concerns.
Persons: , Camari Mick, Mick, Liang Lim, that's, they'll, maria, she's, it's, they're Organizations: Service, Business, telltale Locations: New York City, Raf's
But his career and trajectory have always been defined by global experience, exposure and a passion for embracing other cultures and cuisines. Back in 2006, Australian Chef Shane Osborn of Hong Kong’s acclaimed Arcane hired Calvert to work at his two Michelin-starred Pied à Terre restaurant in London. The culinary Holy Grail of Paris followed, with a stint at Epicure, which like Per Se is also a three Michelin-starred restaurant. His global culinary journey continued with a move to Hong Kong and the contemporary Parisian bistro Belon, where he earned the restaurant a Michelin star and reached fourth place on the list of Asia’s 50 Best Restaurants. Calvert is happy to modestly take the considerable accolade of the best restaurant in Asia with a pinch of salt, as it were.
Persons: Daniel Calvert, , , It’s, Shane Osborn, Hong Kong’s, Arcane, Calvert, who’ve, ” Osborn, Daniel Calvert's, Chef Thomas Keller’s, Paris, “ I’ve, ” Calvert, Hong, André Fu, morel, SÉZANNE Calvert, Ashley Caley, shima, botan ebi, there’s, sommelier Nobuhide Otsuka, “ I’m, ” Chris Dwyer Organizations: CNN, Champions League, Michelin, Sézanne Locations: Sézanne, “ Tokyo, Marunouchi, Tokyo, London, British, London , New York, Paris, Hong Kong, New York, Epicure, France’s Champagne, Hokkaido, France’s Jura, Yamaguchi Prefecture, morel, bouillon, Asia, @chrismdwyer, Instagram
And if you don't have someone on board who can whip up a Michelin-star-worthy meal, you might as well stay on land. AdvertisementThe massage room aboard the Talisman C, a $60 million superyacht for sale at the Palm Beach show. The total value of the 203 superyachts over 30 meters delivered last year was $6.4 billion, according to data from SuperYacht Times. Pampering options, be it a massage room, manicure station, or a professional-grade facial machine, are a dime a dozen. Courtesy of Breed MediaAnd what good is a massage room if no one on board can give one?
Persons: , Ralph Dazert, Burgess, Anders Kurtén, Kurtén, Nero superyacht, Giovanna Vitelli, Champagne, Benetti's, Donald Trump, Trump, Vitelli, they're, It's, Jeff Bezos, Dazert, everything's, Nero, Jeffrey Beneville, Lana, Bill Gates Organizations: Service, Michelin, SuperYacht Times, Palm, Yachts, , Monaco Yacht Locations: Russian, superyachting
Tokyo's Sézanne is the newly crowned winner of "Asia's 50 Best Restaurants 2024" list. The two Michelin-starred neo-classical French restaurant, located on the 7th floor of the Four Seasons Hotel Tokyo at Marunouchi, climbed from No. Japan had nine restaurants make this year's list, as did the small city-state of Singapore. Odette, which has been in the top 10 list since 2017, is still the highest-ranking restaurant in Singapore (No. Restaurants on the top 50 list are dispersed among 19 cities in Asia.
Persons: Singapore —, Seroja, Les Amis, Gaggan Anand, Le Du Organizations: Michelin Locations: Marunouchi, Japan, Singapore, China, Hong Kong, Shanghai, Macao, Asia, Bangkok
Keep reading to learn everything about the new season, from details on the hosting shake-up to where to watch a "Top Chef" live stream. Where to watch Top Chef in the US"Top Chef" airs Wednesday nights at 9 p.m. Shop at Peacock TVIf you're hoping to tune in to "Top Chef" live on Wednesday nights and don't have cable, you'll want to try a live TV streaming package that includes Bravo, like Sling TV or Hulu + Live TV. Shop at SlingHulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN Plus. Kish won "Top Chef" Season 10 and has since developed quite a substantial online following.
Persons: Lakshmi, Kristen Kish, Gail Simmons, Tom Colicchio, James Beard, Clea DuVall, Matty Matheson, Art Smith, Brittany Snow, we've, Peacock, Hulu's, there's, VPNs, ExpressVPN, Padma Lakshmi, she'd, Kish, Arlo Grey Organizations: Business, Bravo, Michelin, Hulu, Disney, ESPN, Disney Plus, Instagram, Variety Locations: Kish, Wisconsin, Canada, Australia, New Zealand, Singapore, Boston, Menton, Austin , Texas
The shaved ice features unique textures, temperatures, and toppings. AdvertisementA few other customers ordered just before I did, so I patiently waited for my shaved ice to be prepared. But then, I started to taste the thinly shaved ice with the sweet red beans, fresh cream, and milk syrup. I would definitely come back againI have eaten my fair share of shaved ice around the world. In addition to kakigōri in Japan, I'm a fan of bingsu (milk-based Korean shaved ice) in Korea and ice kachang (shaved ice with mixed toppings) in Singapore.
Persons: , Azuki, Miho Horio, Horio, Kouri, Tammy Kwan Azuki, Miho's, Tammy Kwan, would've, I'm Organizations: Service, Business Locations: Tokyo, Niseko, Yoyogi, Shibuya, Japan, Kouri, Korea, Singapore
We love food, and we love people who love food,” says Orfali. Orfali Bros BistroA multicultural menuOrfali left Syria in 2006, relocating to Dubai a year later, and his brothers followed. “Different nationalities, different colors, different languages, different accents. Orfali Bros BistroA “flourishing” food sceneDubai’s restaurant scene has, until recently, been dominated by celebrity chefs and international franchises. “We build a relationship between us and the guests, and we make it family,” Orfali says.
Persons: CNN —, Mohamad Orfali, Treet Bel Laban ” —, , Orfali —, Mohamad, Omar, We’re, Orfali, , Mohammad, barak, they’ve, Orfali Bros, Eclair, Samantha Wood, “ Mohamad, Wood, Chez Wam, ” Orfali, “ It’s Organizations: CNN, Michelin, , Orfali, UAE, Dubai, , Bros Locations: Aleppo, Syria, Dubai, East, North Africa, Orfali’s, UAE, Lebanese, Sichuan, , “ Dubai, Hokkaido, Turkish
In France, a land of fine dining, Michelin stars and high standards for cuisine, there's a surprising favorite: American fast food. Expilly oversaw Popeyes' 2023 arrival in France while serving as COO of Popeyes France for French restaurant group Napaqaro. Burger King specifically has gone aggressively after the market "given the propensity for American quick service foods and concepts in France," Charles said. In 2024, McDonald's and Burger King hold more than 40% of the market, according to Euromonitor International, and now consider it their biggest one outside the U.S. French QSRs did take a hit in 2020, but the industry bounced back quickly, earning more profits in 2021 than before the pandemic, according to Euromonitor International.
Persons: Xavier Expilly, EXPM, Expilly, Popeyes, Burger, McDonald's, Andrew Charles, Cowen, Charles, Burger King, Joel Tissier, haven't, Tissier Organizations: Euromonitor, CNBC, Restaurant Brands, Canadian, Mac, Créteil, KFC, Euromonitor International, BK Locations: France, Europe, American, Burger, Paris, United States
Why EVs are causing a tire boom
  + stars: | 2024-03-19 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +1 min
With their heavy weight and quick acceleration, EVs tend to burn through tires about 20% faster than internal combustion vehicles do, according to AlixPartners. Other technical challenges include dampening tire noise, which is a lot more noticeable in the cabin of an otherwise silent EV, and improving an EV's range. Michelin research shows tire selection can impact an EV's range by 10% to 15%. Currently only about half of buyers do, according to Northcoast Research estimates. "If EV does kind of evolve and proliferate through the car population like some think, it may bring about what I call the gold rush for tire manufacturers," said John Healy, an analyst with Northcoast Research.
Persons: John Healy Organizations: Michelin, Northcoast Research
Space travel company SpaceVIP is mingling fine dining with a new suborbital voyage. Guests will watch the sun rise over the Earth's curvature — for almost $500,000 a head. Danish chef Rasmus Munk is designing a decidedly spacey menu. AdvertisementA luxury space travel company is set to mingle fine dining with suborbital travel. SpaceVIP has partnered with Danish chef Rasmus Munk to design a menu for a six-hour voyage above the Earth via space balloon, Bloomberg reports.
Persons: Rasmus Munk, spacey, , SpaceVIP Organizations: Service, Bloomberg, Business Locations: Danish
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