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New York CNN —Anchor Brewing, which has been America’s oldest craft brewer with 127 years in business, closed its taprooms for good on Sunday. There’s hope that could happen: Roughly two dozen different investors as well as a group of Anchor’s employees have “expressed interest in buying all or parts of Anchor Brewing,” company spokesman Sam Singer told CNN. Anchor got its start in 1896 in San Francisco, becoming the nation’s first-ever craft brewery. Under Sapporo’s ownership, production of Anchor’s beer declined every year except in 2021, according to the Brewers Association. Brewbound, a beer industry website, previously reported that Sapporo’s recent purchase of craft brewer Stone Brewing sparked concerns among Anchor’s employees of how their brewery fit into plans.
Persons: there’s, There’s, Sam Singer, Singer, Jeff Chiu, they’ve, Anchor, ” Singer, Anchor’s, Justin Sullivan, Fritz Maytag Organizations: New, New York CNN, Brewing, CNN, Anchor Brewing, Sapporo, Warehouse Union, ” Employees, Getty, North, Anchor, Maytag Corporation, Steam, Brewers Association . Brewbound, Stone, Craft, Craft Business Locations: New York, San Francisco, Sapporo USA, Sapporo, United States, North America, California
New York CNN —Manchester United and Adidas are extending their apparel-sponsorship contract in a record-breaking £900 million ($1.2 billion) deal that lasts for another decade. Manchester United said on its website that the Adidas partnership has “excited fans around the world with forward-thinking initiatives, iconic designs on the pitch and fan-favorite culturewear off of it” and that new deal “increases the focus” on its women’s team for new apparel. “We are extremely proud to announce the extension of the contract with Manchester United,” Adidas CEO Bjorn Gulden said. “Adidas and Manchester United are two of the most important brands in international football and it is very natural for us to continue our cooperation.”Monday’s deal is a marked increase from the previous deal, which was worth around £750 million. Forbes ranks Manchester United as the world’s second most valuable team, assessing the 145-year-old team at to be worth $6 billion.
Persons: Bjorn Gulden, , , Glazer Organizations: New, New York CNN, Manchester United, Adidas, British football, League, Nike . Manchester United, “ Adidas, Forbes Locations: New York, German
The jiggly snack’s logo and packaging are getting a whole new look, their first in a decade, as owner Kraft Heinz looks to revitalize the dowdy brand. Jell-O's current look on the left and new look, on the right. The “O” in the Jell-O logo is getting a bolder look because it’s an “ownable, playful aspect” of the brand. Jell-O sales fell 19% from 2009 to 2013 to $753 million, the Associated Press reported at the time. Last year, the company teased that it was giving the brand a refresh look and increasing its advertisement spend.
Persons: New York CNN —, Kraft Heinz, , Neil Saunders, It’s, ” Saunders, Bill Cosby, , ” Rachel Herz, Saunders Organizations: New, New York CNN, Shoppers, GlobalData, CNN, White, Associated Press, IRI Locations: New York
New York CNN —Beer maker Anheuser-Busch said Wednesday that it will lay off positions across its US corporate staff. The company’s website says that it employs “more than 19,000 employees nationwide.” Two percent of that figure would number about 380 positions. “Today we took the very difficult but necessary decision to eliminate a number of positions across our corporate organization,” said Anheuser-Busch CEO Brendan Whitworth. “While we never take these decisions lightly, we want to ensure that our organization continues to be set for future long-term success.”In May, Mexican lager Modelo Especial dethroned Bud Light as America’s top-selling beer, a title that Bud had largely held for more than two decades. The beer’s brand had been struggling due to the Dylan Mulvaney controversy, when the transgender influencer posted an Instagram photo of a custom can that Bud Light had sent her.
Persons: New York CNN — Beer, Busch, , Brendan Whitworth, Bud Light, Bud, Dylan, influencer Organizations: New, New York CNN, Anheuser, Busch, Bush US, Modelo Especial Locations: New York
New York CNN —Gap has named a new CEO, from toy giant Mattel, nearly a year after its previous leader departed. The retailer announced Wednesday that Richard Dickson, currently Mattel’s president and chief operating officer, will assume the position. First the president of the Gap division and later CEO of the company beginning in 1995, Drexler pushed Gap to expand beyond jeans into khakis and oversaw the creation of the budget-chain Old Navy in 1994. It doesn’t help that Old Navy and Banana Republic are also struggling, adding to Dickson’s challenges. In short, being CEO of Gap is not for the faint of heart,” Saunders said.
Persons: Richard Dickson, He’s, Dickson, ” Dickson, Barbie, Neil Saunders, GlobalData, , Chris Blakeslee, Alo Yoga, West, Sonia Syngal, Mickey Drexler, Drexler, Paul Pressler, Glenn Murphy, Peck, Syngal, ” Saunders Organizations: New, New York CNN, Mattel, Jones New, Warner Bros, CNN, Athleta, Republic, Kanye West, Navy, Disney, Gap, Banana Republic Locations: New York, Jones New York, Zara, North America, Peck
French's invented a mustard-flavored Skittle
  + stars: | 2023-07-25 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: 1 min
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New York CNN —It’s easy to watch Lionel Messi play in the United States, but dressing like him is a bit more difficult. Fans hoping to purchase an authentic Inter Miami jersey featuring its newest star’s name will have to wait until mid-October (notably, that’s when the Major League Soccer season ends). Shortly after Messi announced his intention of coming to the US in June, online retailer Soccer.com said that it sold six months’ worth of generic Inter Miami jerseys in one day, and they’re still sold out. Messi maniaMessi’s first appearance with Inter Miami ended with him scoring the game-winning goal in extra time. His signing is also expected to be a boon for Apple’s nascent streaming package, MLS Season Pass.
Persons: New York CNN —, Lionel Messi, , Messi, Soccer.com, they’re, Nathan Ray Seebeck, ” Billy Lalor, won’t, Lalor, ” It’s, Messi’s, ” Messi’s Organizations: New, New York CNN, Inter Miami, Major League Soccer, Adidas, MLS, Florida, USA, Sports, Reuters, CNN, Messi, FIFA, Apple TV, Sports Business, Atlanta United, Inter Miami’s Locations: New York, United States, Argentina
Spotify is hiking its prices
  + stars: | 2023-07-24 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Spotify is the latest streaming service to hike its prices. Beginning Monday, new subscribers will pay $1 more per month for its ad-free premium plan, rising to $10.99 per month. Current customers are being given a “one-month grace period before the new price becomes effective,” Spotify said. Spotify (SPOT) will also continuing offering a free plan, which includes ads and limited features. Discovery) have all increased the prices of their services in recent months.
Organizations: New, New York CNN, Spotify, Netflix, Paramount, Warner Bros Locations: New York, United States, Canada, United Kingdom, Australia, Sweden
New York CNN —In a radical rebranding, Twitter owner Elon Musk has replaced Twitter’s iconic bird logo with X.Musk made the shock announcement of his plans early Sunday. “Interim X logo goes live later today,” he wrote, shortly before sharing a photo of Twitter’s headquarters lit up by a giant new X. Increasing the pressure, earlier this month rival social media platform Threads launched from Facebook (FB) parent Meta. Twitter had 238 million active users prior to being taken private by Musk in October 2022. Musk explained his approach to free speech by saying: “Is someone you don’t like allowed to say something you don’t like?
Persons: Elon Musk, Musk, X.com, , “ adieu, Mary ”, Twitter's, David Odisho, Linda Yaccarino, Twitter, Mills, Adam Mosseri Organizations: New, New York CNN, Twitter, Facebook, SpaceX, Tesla, Defamation League, Free Press, GLAAD, Meta Locations: New York, Twitter's San Francisco
Apple TV, which is streaming Inter Miami’s Leagues Cup match against Mexican team Cruz Azul, is charging as much as $49 for Friday’s soccer spectacular. However, that price tag gets you access to MLS Season Pass, Apple’s new soccer package that includes in-season games plus the Leagues Cup that kicks off tonight. Last month, Apple slashed the price of MLS Season pass by half since the season is nearing its end. Last Sunday, Apple TV streamed a live unveiling event for free from Inter Miami’s stadium, giving fans their first look at the international superstar. Apple has also bought billboards in Miami displaying the goat emoji draped in Inter Miami pink, with the slogan “now on Apple TV.”
Persons: Leo Messi’s, it’s, Cruz Azul, Apple hasn’t, Eddy, , ” David Rumsey, he’s, Messi, ” Rumsey, ” Messi, Ballon, Apple, Organizations: New, New York CNN, Apple, Inter Miami’s Leagues, Financial Times, Matches, Front Office Sports, CNN, MLS, Argentinian, Miami, Apple TV, Inter Miami’s, Inter Miami Locations: New York, Miami, Inter
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New York CNN —In a sea of canned cocktails, Gay Water wants to stand out. In other words, where Bud Light has buckled under pressure as bigotry grows against the LGBTQ+ community, Gay Water’s creator Spencer Hoddeson wants his new boozy brand to be the antithesis of that. The canned cocktail is named after a colloquialism given to the popular mixed drink (vodka and soda) ordered at bars by the gay community. He thought of creating Gay Water about a year ago while on a vacation with his friend that had got a job within the beverage industry. Big onlineHoddeson built up a strong social media following on TikTok and Instagram during Covid-19 and is using some of the money from that (as well as from friends and family) to help fund Gay Water.
Persons: Bud, Gay, Spencer Hoddeson, Bud Light, , influencer Dylan Mulvaney, they’re, It’s, Hoddeson, , it’s, ” Bryan Roth, seltzer, ” Roth, Gay Beer, Hoddeon Organizations: New, New York CNN, CNN, Anheuser, Busch, Nickelodeon, Feel Goods Company Locations: New York, Covid, United States
In February, AMC (AMC) said it was rolling out the initiative to all of its roughly 1,000 movie theaters by the end of the year. The company said at the time that AMC theaters would offer three pricing tiers for tickets, with the highest-end “Preferred” tier in the middle of the theaters priced at a “slight premium” compared to its “Standard” tier. That standard tier, it said, would be sold for the “traditional cost of a ticket.” The third “Value” tier would be the lowest-priced tickets for seats in the front row. AMC said it is now pivoting away from Sightline and will not roll it out nationwide. Moving forward, AMC said it’s gearing up to test more spacious front rows, with seats that recline, in theaters nationwide later in the year.
Persons: – CNN’s Jordan Valinsky Organizations: New, New York CNN, AMC Locations: New York, Sightline
The Phoenix-based company will reduce its outstanding debt by more than $1.2 billion, according to a release. Carvana has been struggling financially in recent months because of declining used car prices. A relatively new player in the used car field, it has lost money most quarters since it went public in 2017 as it aimed for sales growth rather than short-term profitability. Carvana launched 10 years ago with a plan to disrupt the used car market, offering both online car shopping and trade-ins as well as distinctive car vending machines. Carvana (CVNA) shares are up now a whopping 1,000% for the year.
Persons: Carvana, , Mark Jenkins Organizations: New, New York CNN Locations: New York, maturities
New York CNN —Taco John’s, the regional chain that has “Taco Tuesday” trademarked, announced Tuesday that it’s ending its fight in defending the phrase and will “abandon” it because it doesn’t want to pay the legal fees that come with a fight against Taco Bell. Taco Bell didn’t immediately respond for comment. Taco John’s has owned the trademark in every state except New Jersey since 1989. “If the case was litigated to the end, Taco John’s could have suffered a significant public-relations loss. By bowing out of the court fight at this point, given the low probability of winning, Taco John’s can work to control the court of public opinion around the issue.
Persons: “ We’ve, Taco, Jim Creel, Taco Bell, Creel, Taco John’s, Josh Gerben, , Organizations: New, New York CNN, Taco Bell, US, Taco John’s, Taco, of Restaurant Employees, CORE, CNN Locations: New York, Taco, New Jersey
Beginning August 14, employees that want to wear masks amid Covid-19 must have a “valid medical note exempting him or her from this requirement,” an email to workers said. A policy for its California and Oregon restaurants, where it can’t ban employees from wearing masks, said that they have to wear a company-provided N95 mask. Employees that have to wear masks, like in the “patty room” or lab technicians,” are exempted. However, the memo said that its new policies are in “compliance with evolving health guidelines.” The Occupational Safety and Health Administration recommends employees wear masks, however. Although statewide mask mandates have disappeared, health experts recommend that vulnerable individuals might still want to wear masks in crowded indoor spaces, such as restaurants.
Persons: , , Joe Biden Organizations: New, New York CNN, Employees, Safety, Health Administration, Contra Costa county Locations: New York, Arizona , Colorado , Nevada , Texas, Utah, California, Oregon, Contra Costa, San Francisco
Peacock hikes prices for the first-time ever
  + stars: | 2023-07-18 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Peacock, the NBCUniversal-owned streaming service, is getting its first-ever price hike. Current subscribers will get one additional month at the old prices before being charged more on their next billing plan. The streaming service hopes to stem the losses by raising prices. Peacock was the lone holdout among streamers in hiking rates: Netflix, Paramount+, Disney+ and Max (owned by CNN’s parent company Warner Bros. Discovery) have all increased the prices of their services in recent months.
Persons: New York CNN — Peacock, Peacock Organizations: New, New York CNN, Netflix, Paramount, Warner Bros, Premiere League football, WWE Locations: New York
New York CNN —To witness Lionel Messi make his US debut might require a payday as big as his. Tickets for his expected first match on Friday for Inter Miami in the Leagues Cup are selling as much $110,000, according to a search on ticket reselling website Vivid Seats. The average price is $487, and some fans are traveling nearly 700 miles to see the match against Mexican team Cruz Azul, a Vivid Seats spokesperson said. Tickets to last year’s League Cup match between Inter Miami and FC Barcelona cost about half of that. Ticket prices overall for Inter Miami, currently dead last in the standings , have also jumped about 700% since then.
Persons: Lionel Messi, Cruz Azul, Messi, Ballon, he’s, , , “ Messi Organizations: New, New York CNN, Inter Miami, Leagues, MLS, Major League Soccer, year’s, FC Barcelona, Charlotte, US, World, Argentinian, Apple TV’s Locations: New York, Miami
New York CNN —Disney CEO Bob Iger said Disney wants to avoid the so-called culture wars but defiantly pushed back against right-wing critics who have claimed Disney is adding inappropriate sexual content to its programming. “The notion that Disney is in any way sexualizing children is preposterous and inaccurate,” Iger said in a CNBC interview Thursday. Some Republican politicians, including Florida Gov. DeSantis has called Disney a “woke” corporation and has tried to make his verbal and legal attacks on Disney a winning political message. Disney (DIS) also owns ESPN, but Iger said that he’s “bullish” on sports and wants to stay in the sports business.
Persons: Bob Iger, Disney, ” Iger, Ron DeSantis, , Tucker Carlson, DeSantis, Iger, Bob Chapek, didn’t, Bud Light, , Disney’s, Hollywood, It’s Organizations: New, New York CNN, Disney, CNBC, Republican, Florida Gov, ” Former Fox News, ABC, Geographic, ESPN, NFL, NBA, , Hollywood Locations: New York, Florida
New York CNN —Pour one out for Anchor Brewing: America’s oldest craft brewer is shutting down after 127 years in business. Another problem has been Sapporo, the Japanese beer company that bought the brand in 2017. “This was an extremely difficult decision that Anchor reached only after many months of careful evaluation,” said Anchor Brewing spokesperson Sam Singer. “This is a sad day in the history of craft brewing in America,” Harry Schuhmacher, Craft Business Daily’s publisher told CNN. He literally nurtured that brewery from insolvency in the 60s to becoming San Francisco’s hometown beer and symbolic of America’s craft beer resurgence.”
Persons: , VinePair, Sam Singer, Anchor, Fritz Maytag, ” Harry Schuhmacher, , Fritz Organizations: New, New York CNN, Anchor Brewing, Craft, Employees, Anchor, ” Workers, , Maytag Corporation, Steam, Brewers Association . Brewbound, Stone, Craft Business, CNN Locations: New York, San Francisco, Sapporo, California, America
New York CNN —Farmers Insurance will stop offering its policies in Florida, including home, auto and umbrella policies, in a change that will force thousands of people to change their insurance provider. Farmers serves 100,000 customers in Florida but said there will be no impact to customers who use Farmers’ owned subsidiaries like Foremost Signature and Bristol West. “Such policies will continue to be available to serve the insurance needs of Floridians,” Farmers Insurance spokesperson Trevor Chapman said in a statement. Florida requires affected policyholders to receive a 120-day notice that their policies aren’t being renewed. Earlier this week, Farmers limited new homeowners insurance policies in California because of high costs and wildfire risks.
Persons: Trevor Chapman, don’t, aren’t, ” Mark Friedlander, ” Friedlander, hasn’t, , Friedlander, It’s, Hurricane Ian, Harvey Organizations: New, New York CNN — Farmers Insurance, Farmers, Bristol West, ” Farmers Insurance, , Insurance Information Institute, CNN, Insurance, Institute, Atlantic, National Oceanic, Atmospheric Administration, NOAA, Farm, Allstate Locations: New York, Florida, California
Domino's Pizza inks a deal with Uber Eats
  + stars: | 2023-07-12 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Domino’s Pizza has long been a holdout of using third-party delivery apps in the United States. Customers can soon order Domino’s full menu on Uber Eats and Postmates, with a partnership announced Monday that is scheduled to roll out nationwide by the end of the year. And in 2021 Domino’s even gave away $50 million in free food to counter the “surprise fees” from delivery apps. “Other food delivery apps charge customers with hidden city or service fees,” the company said at the time. However, Domino’s employees will still deliver the pizza rather than Uber Eats drivers, Weiner said.
Persons: It’s, , Russell Weiner, Uber, Domino’s, weren’t, Weiner, Sandeep Reddy Organizations: New, New York CNN, Wall Street Locations: New York, United States
The chain confirmed that its McCafé bakery lineup, consisting of an apple fritter, blueberry muffin and cinnamon roll, is being phased out beginning this month. McDonald’s (MCD) rolled out the bakery lineup in October 2020, marking the first time in roughly a decade that it sold new bakery items. However, breakfast sales at McDonald’s rebounded in recent quarters as people return to the office and people resume their pre-Covid routines. Discontinuing the bakery lineup comes as McDonald’s recently expanded a partnership with Krispy Kreme to sell donuts at nearly 200 locations in Kentucky. For McDonald’s, the partnership looked to attract new customers in the morning when business has remained steady.
Persons: New York CNN —, McDonald’s, it’s, Krispy Organizations: New, New York CNN, CNN, McDonald’s, Group Locations: New York, Kentucky
New York CNN —For being less than two years old, Prime energy and sport drinks are already enduring a major growth spurt. Prime’s portfolioThe duo’s first drink, Hydration, is a Gatorade-like sports drink that mixes coconut water and electrolytes, without sugar or caffeine. In 2013, a Senate panel held a similar hearing with top energy drinks. “It will be interesting to see how the Prime crew alters their pitch, or the branding on the energy drink to move it away from potential confusion with the sports drink, if there’s a hearing,” he said. Meanwhile, Prime Energy has raked in around $42.5 million this year, according to Circana data given to BevNet.
Persons: Logan Paul, Olatunji, Paul, KSI “, ” Paul, , Chuck Schumer, Schumer, Energy “, haven’t, , ” Schumer, Bull, ” Jeffrey Klineman, BevNet, Duane Stanford, that’s, Klineman, it’s, hasn’t Organizations: New, New York CNN, YouTube, Gatorade, Aldi, Walmart, CVS, Target, Food and Drug Administration, Energy, ” Prime Energy, FDA, American Academy of Pediatrics, Senate, CNN, Los Angeles Dodgers, UFC, FC Barcelona soccer, Beverage Digest, Pepsi, Coca Cola, Prime Energy Locations: New York, United Kingdom
New York CNN —Mexican-made Modelo Especial is the top-selling beer in the United States for the second straight month, once again snatching the crown from Bud Light. Dollar sales for the pre-July 4 period continued to be grim for Bud Light, with sales falling 28.5%, while Modelo’s grew 8.5% during the same time period. Bud Light initially lost the title last month, which it has largely held for two decades. In June, Bud Light rolled out a new marketing campaign to help turn around sales, centering around country music and NFL players. However, Bud Light continues to be the country’s top-selling beer year to date, holding 8.7% share of the beer market.
Persons: Bud Light, Bud Light’s, Bump Williams, Dylan, Williams, Greg Gallagher, Organizations: New, New York CNN, Especial, Modelo Especial, Anheuser, NFL, Modelo, Constellation Brands, Corona, Constellation, CNN Locations: New York, United States
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