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☆ Michelin starred hotels around the world, from Italy to Vietnam
▼ + stars: | 2023-07-10 | by ( Chris Dwyer | ) edition.cnn.com time to read: +24 min

Courtesy CoteArgentinian maestro Mauro Colagreco was the first ever non-French chef to earn three Michelin stars in France, at Mirazur on the famed French Riviera. Gastronomic restaurant Plénitude by chef Arnaud Donckele marked an extraordinary debut by being awarded the pinnacle of three Michelin stars just six months after opening. Since 2021, they have held three Michelin stars for their cuisine, which celebrates peerless produce from their sustainable farm just seven miles away. Lung King Heen, Four Seasons Hong KongLung King Heen was the first Chinese restaurant to hold three Michelin stars. Capella Hotels & ResortsFinally to Vietnam, where Michelin published its first ever guide in June 2023.

Persons: Winston Churchill, Albert Einstein, it’s, Heiko Nieder, carne ”, Ben Benoliel, Alex Nietosvuori, Ally Thompson, Hjem, morel, Cigliutti Enrico Crippa, Piazza, Crippa, Ferran Adrià, Mauro Colagreco, Côte, Raymond Blanc, Paul Wilkinson Chef Raymond Blanc, Lady Gaga, Queen Elizabeth II, ”, ” Blanc, Luke Selby, Plénitude, Cheval Blanc, France Plénitude, Sylvie Becquet, Blanc Paris, chef Arnaud Donckele, Chopin, Maxime Frédéric –, Aled Williams, Gareth Ward, Il Ristorante Niko Romito, Ristorante Niko Romito, Niko Romito, Romito, Giacomo Amicucci, Kyle, Katina, Michel Bras, Le Saint, Martin, Château Saint, France Le Saint, Chef Jean, Luc Lefrançois, Saint, –, sommelier Vincent Arhuro, King Heen, Hong Kong Lung King Heen, Heen, who’s, Chan Yan Tak, Rome Cavalieri, Pergola, Heinz Beck, Hatta, Ushikubo, Raby Hunt, Raby Hunt's Michelin, James Close, Maria, Chef Maria, Lorenz Adlon Esszimmer, Germany Lorenz Adlon Esszimmer, Lorenz, Young, Reto, Thomas Edison, Henry Ford, John D, Waku, Ghin, Tetsuya Wakuda, There’s, Tetsuya, they’re, kinome, It’s, Denmark There's, Jean Marchal, Maria Coppy, Jakob de Neergaard, iberico, Sven Wassmer, “, Lumnezia, Douglas, Koki, Hiroshi Yamaguchi, Bill Bensley, Chris Dwyer Organizations: CNN, Michelin, Duomo, Capella, Rosewood, of, Notre Dame, Resorts, Dubai Michelin, Resort Dubai, Reale, peerless, ”, Le Saint, Hong, Hong Kong Lung, Seasons Hong, Rockefeller, Sands, Royal Suite, Royal, Swiss, Koki, Capella Hotels, Capella Hanoi Locations: Bangkok, Piedmont, Hanoi, Tokyo, Zurich, Switzerland, Northumberland, Hadrian's, Swedish, England, Wall, Piazza Duomo, Alba, Italy, Japan, Spanish, Capella Bangkok, Thailand, France, Mirazur, Thai, Rosewood Hong Kong, Hong Kong, Chaat, Oxfordshire, ”, Cheval Blanc Paris, of Light, City of, Powys, Wales, Bulgari, Dubai, UAE, Italy’s Abruzzo, SingleThread, California, Healdsburg, Sonoma, Toya, Le, Provence, French, Vence, Marseille, Seasons Hong Kong, Yunnan, Peking, La, Rome, Eternal, County Durham, Darlington, romaine, Berlin, Germany, Brandenburg, Young Swiss, Europe, Marina, Sands, Singapore, Australia, Shizuoka, Hokkaido, d’Angleterre, Copenhagen, Denmark, Marchal, Hibana, Capella Hanoi, Vietnam

☆ How to spice up your pantry the Mediterranean way
▼ + stars: | 2023-07-09 | by ( Susan Puckett | ) edition.cnn.com time to read: +8 min

But it was the tart, earthy, tingly, subtly sweet notes provided by the sumac and Aleppo pepper that made such a lasting impression. Extra-virgin olive oil, yogurt and feta cheese are dietary mainstays, along with seasonal produce, legumes, whole grains and lean proteins. Made from deep-red Halaby chile peppers, Aleppo pepper is named for the Syrian city where it once grew in abundance. Dukkah, a blend of nuts, seeds and warm spices, makes a savory, crunchy topping on everything from soups to salads. Baharat is just one of a combination of warm spices that can punch up a chicken dish the Mediterranean way.

Persons: CNN —, Suzy Karadsheh, Ionut Groza, ”, ” Michelle Lee, Karadsheh, el hanout, ” Karadsheh, “, It’s, ” Susan Puckett Organizations: CNN, Karadsheh, The Atlanta Locations: Aleppo, Atlanta, Eastern, Europe, North Africa, Syria, Turkey

☆ 11 Chicken Recipes You’ll Make All Summer Long
▼ + stars: | 2023-07-07 | by ( Tanya Sichynsky | ) www.nytimes.com time to read: 1 min

This and every summer, grill some chicken. With peaches. With tomatoes. Or don’t: You can still evoke the flavors and smells of the season inside using the stovetop or the oven (or a store-bought rotisserie chicken, when it gets unbearably hot). Below is a sampling of some of the most flavorful summertime chicken recipes New York Times Cooking has to offer.

Organizations: New York Times Locations: New

☆ Many Americans fear a recession as severe as 2008 could be coming. Here’s what experts say
▼ + stars: | 2023-07-07 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

To that point, 68% are expecting a recession in the next six months, and 80% of those respondents expect it to be severe. Experts weigh in3 reasons it can be smarter to rent, even if you can buy Yet, predictions from various experts are not as dire. watch nowAt Raymond James, the current forecast calls for a "very, very mild" recession, according to chief economist Eugenio Aleman. Raymond James is predicting a 1.3% growth rate for 2023 and 0.6% for 2024 — which coincides with the firm's forecast for a "very, very mild recession," Aleman said. To cope with high inflation, Nationwide's survey found more than half of respondents are eating out less, with 54%.

Persons: Jamie Grill, We're, Kathy Bostjancic, it's, Raymond James, Eugenio Aleman, Aleman, Nonfarm, —, Gray, Tang Ming Tung, Bostjancic Organizations: Finance, Nationwide, U.S . Department of Labor, ADP, Employers, Challenger, Federal Reserve, Getty, Auto Locations: U.S, American

Bed Bath & Beyond logo is seen on the shop in Williston, Vermont on June 19, 2023. WASHINGTON — Home goods retailer Bed Bath & Beyond is facing scrutiny from Democratic lawmakers for allegedly evading severance pay for thousands of employees laid off after its recent bankruptcy. The lawmakers claim Bed Bath & Beyond denied some workers severance pay after it filed for bankruptcy in April and began closing stores and laying off workers. Bed Bath & Beyond did not immediately return request for comment on the lawmakers' letter. Warren, a member of the Senate Banking Committee, and Booker asked Bed Bath & Beyond to commit to providing severance to its workers and for detailed information on its severance policy, stock buybacks and dividends and other related issues.

Persons: Sue Gove, Elizabeth Warren of, Cory Booker of, Warren, Booker Organizations: WASHINGTON —, Bed, Democratic, New, Banking Committee Locations: Williston , Vermont, Sens, Elizabeth Warren of Massachusetts, Cory Booker of New Jersey, New Jersey, buybacks

☆ Goldman's 'Rule of 10' for investing and stocks meeting that criteria today
▼ + stars: | 2023-07-04 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Goldman Sachs has a "Rule of 10" for investing that could serve traders well as they head into the second half of the year. While the poor market breadth this year was significant, Goldman Sachs said the trend is typical of most recent years. According to Goldman Sachs, it's vital to identify those names that can lead the market. Now, Goldman Sachs has updated its "Rule of 10" screen to not only identify those stocks posting faster-than-average sales growth, but net income too. Intuit is also expected to post strong net income growth of 15% through 2025, coupled with sales growth of 13% per annum.

Persons: Goldman Sachs, David Kostin, Kostin, Chipotle, Fortinet, Paycom Organizations: Bank of America, Intuit Locations: Fortinet, TurboTax

☆ On the Fourth of July, Telling the Full, Flawed Story of America - The New York Times
▼ + stars: | 2023-07-03 | by ( Esau Mccaulley | ) www.nytimes.com time to read: +1 min

Douglass wondered what the enslaved might say if they were called from the plantations to reflect on themes of liberty, justice and equality. How might their words differ from the prose of the free orators normally asked to comment on American ideals? On Independence Day, what would those who lost loved ones in the Buffalo mass shooting have to say about justice in America? What musings about liberty could we expect from those who endure unjust sentencing or are pulled over for driving while Black? On the Fourth of July we are encouraged to unfurl our flags, belt out a rendition of “God Bless America” and grill burgers in humble gratitude.

Persons: Frederick Douglass, Douglass, Black Organizations: Buffalo, America Locations: America

☆ Prue Leith’s Great American Road Trip
▼ + stars: | 2023-07-03 | by ( Prue Leith | ) www.nytimes.com time to read: +1 min

for a road trip from Los Angeles to Florida. We imagined picnicking on mountaintops in New Mexico, sleeping under the stars in Texas and barbecuing prawns (the R.V. In the end, our 2,200-mile American journey ended up being memorable, but for none of those reasons. I’m 83, but in my head I’m a sprightly 60, and my husband, John, is 76. The thought of parking something the size of a London bus was too much, even for my gung-ho husband.

Persons: , ”, John, Nobody, he’d, “ We’ve, ” I’d Organizations: Ford Explorer, British Baking Locations: Los Angeles, Florida, New Mexico, Texas, Mississippi, British, Mexico, Britain, United States

☆ Summer cooking hack: Ways to grill with campfires or firepits
▼ + stars: | 2023-07-03 | by ( Casey Barber | ) edition.cnn.com time to read: +7 min

Start with a few key itemsAs with an indoor kitchen, you’ll need a few crucial tools to make your outdoor cooking expeditions a success. Metal cutlery are staples of outdoor cooking. Simple to prepare in advance, foil packets are among the easiest meals for a campfire cooking newbie to whip up. For skillet cooking, you can experiment with some of your usual one-pan meals transferred to the outdoors. One note: High-sided stainless steel firepits, such as Solo Stoves, aren’t the best option for cooking in coals.

Persons: they’re, I’ve, Helmut Feil, •, ”, Dani Meyer, you’re, Harlan Schwartz, ” Meyer, Meyer, Casey Barber Organizations: CNN

☆ The Only Grill You’ll Ever Need Is Less Than $200
▼ + stars: | 2023-07-02 | by ( Chris Kornelis | ) www.wsj.com time to read: 1 min

MELISSA COOKSTON can still remember her parents trying to cook over “a towering inferno” of fire in their Weber Kettle Grill in the 1970s. To help dispel their own memories of hot dogs flavored with heavy notes of lighter fluid, many of today’s backyard gourmands rely on pricey gas grills, pellet smokers and pizza ovens all designed to provide a much more manageable fire at the push of a button or a twist of the knob.

Persons: MELISSA COOKSTON Organizations: Grill

☆ 5 vegetarian Fourth of July recipes for your cookout
▼ + stars: | 2023-07-02 | by ( Meghan Hynes Cole | ) edition.cnn.com time to read: +2 min

Vegetarian Ideas for the Fourth of JulyEven if you’re a fan of meaty burgers and dogs, don’t forget about the vegetarians when you’re working on your Fourth of July menu this year. We have plenty of desserts that vegetarians and vegans can enjoy at your cookout, too, so don’t worry! Use a variety of seasonal vegetables and a zesty herb marinade to make this colorful, crowd-pleasing dish for the Fourth of July. Tara Donne / Food NetworkGet the Recipe: Morgan’s Veggie PattiesGrilled Barbecued Corn RibsThink ribs, but make them vegetarian. Matt Armendariz / Food NetworkGet the Recipe: Super Summery Corn GnocchiMore Fourth of July food9 Fourth of July appetizers everyone will loveFestive cocktails perfect for any Fourth of July celebration8 easy sides to round out your Fourth of July menuFantastic recipes for your Fourth of July bashFourth of July desserts that will steal the show

Persons: Tara Donne, Matt Armendariz, Baby Bok Choy, Baby Bok, chiles Organizations: Food, Fresno

☆ This safety net for the elderly and disabled comes with strict rules on savings. That may change
▼ + stars: | 2023-06-30 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

Today, those thresholds are just one-sixth of their 1972 value, the Center on Budget and Policy Priorities notes, and their worth declines further each year with inflation. How SSI's asset limits may be raisedIn new research, the Center on Budget and Policy Priorities considers the effects of raising or eliminating the asset limits SSI has for beneficiaries. That $100,000 threshold would be in line with the amount eligible SSI beneficiaries are currently allowed to hold penalty-free in ABLE accounts, tax advantaged savings programs for people with disabilities. Another change — excluding the consideration of retirement accounts — could also help bolster SSI program eligibility. Eliminating the asset test entirely would raise participation in the program by 6%, the nonpartisan research and policy institute found.

Persons: Tom Grill, Kathleen Romig, Romig, Sen, Sherrod Brown, Rob Portman, Portman, Brown, —, Kristen Dama Organizations: Center, Budget, Finance, GOP, Social Security, Sherrod Brown Democratic, Democrat, Republican, Community Legal Services of Philadelphia, Social Security Administration Locations: Ohio, Dama

☆ Nike CEO John Donahoe on how he manages sleep health in a hectic life
▼ + stars: | 2023-06-30 | by ( Emily Grill | ) www.cnbc.com time to read: +6 min

Donahoe can't get seven hours of sleep every night, but he said that he tries to hit 70 hours of sleep every 10 days. Hitting this target, rather than exactly how much sleep he gets per night, is a sleep science workaround that the Nike CEO says has been working for him. Sleep science research has consistently shown that the average adult should aim for seven hours of a sleep each night. It's not necessarily always going to be the recommended seven hours of sleep that will ensure a good night's rest, according to sleep experts. In the long term, if you don't get enough sleep, there's health outcomes that can occur."

Persons: I've, Elon Musk, CNBC's David Faber, Bill Gates, John Donahoe, Donahoe, It's, Mark Wu, Wu, Gates, Jagdish Khubchandani, Khubchandani Organizations: Nike, CNBC, Summit, Apple Watch, Google, Johns Hopkins University, National Institute for Occupational Safety, Health, United, Blood Institute, Ball State University, New Mexico State University, Ball Locations: America, U.S, China, Santa Barbara , California, United States

☆ My Instant Pot brings me joy and a sense of freedom. That's why I'll never abandon it.
▼ + stars: | 2023-06-25 | by ( Tola Onanuga | ) www.businessinsider.com time to read: +3 min

Some say the Instant Pot has passed its expiry date, but I couldn't disagree more. podcast by Curbed, one guest said people who owned an Instant Pot often talked about it as if it was their lover. Instant Brands continues to operate after filing for bankruptcy protection, but the Instant Pot is seemingly no longer the company's golden goose. I may be in the minority, but I'll passionately continue using my Instant Pot until the day it finally runs out of steam. One thing is for sure — my Instant Pot will give up on me long before I give up on it.

Persons: —, that's Organizations: Service, Brands, Associated Press, Instant Brands

☆ Inside Sweetgreen's first automated location — and the salad chain's plans to take the tech nationwide
▼ + stars: | 2023-06-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +9 min

But with its so-called Infinite Kitchen, Sweetgreen joins the legion of restaurant companies incorporating automation into their businesses. Sweetgreen plans to open a second Infinite Kitchen location later this year. Unlike the traditional Sweetgreen restaurant, customers won't have to wait 10 to 15 minutes to pick up mobile orders. Source: SweetgreenBehind the counter is the "Infinite Kitchen," which resembles the bulk food dispensers found in some grocery stores. Employees have to set up the Infinite Kitchen in the morning, ensuring it's well-stocked and calibrated for accurate and consistent portions.

Persons: Sweetgreen, Jonathan Neman, William Blair, hasn't, Spyce, —, Timothy Noonan, Noonan, they're, T.D, Cowen Organizations: William, William Blair Growth Stock, MIT, IK, CNBC, Employees, Workers Locations: Chicago, Naperville , Illinois, Boston, Neman, New York, Naperville

☆ Mentaiko Spaghetti Is Creamy, Briny, Rich and Spicy
▼ + stars: | 2023-06-23 | by ( Sam Sifton | ) www.nytimes.com time to read: +1 min

I get it if that’s not in the cards for you, particularly if it’s hard to find tarako or mentaiko where you stay. The possibilities are endless: adobo-fried chicken; Nashville-style hot fried chicken; Korean fried chicken; Indiana fried chicken; even a tofu-fried tofu that’s a worthy simulacrum of the kind made with bird. Serve with potato salad or macaroni salad, with coleslaw, with biscuits and strawberries and cream. There are many thousands more recipes for the weekend and the weeks that follow waiting for you on New York Times Cooking. Please write to me if you’re exercised about something in either a positive or negative sense: foodeditor@nytimes.com.

Persons: that’s, I’ve, you’re Organizations: New York Times Locations: Nashville, Indiana

☆ Suodiu: "Suck and dispose" pebble dish is latest street food trend in China
▼ + stars: | 2023-06-22 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Dubbed “the world’s hardest dish” – literally – a traditional stir-fry featuring stones as its key ingredient has sparked culinary curiosity on Chinese social media. Patrons are supposed to suck on the small rocks to relish the rich and spicy flavor of the dish, which originated in the eastern Chinese province of Hubei. They are instructed to suck off the flavors, then spit out the rocks – hence the dish’s name suodiu, meaning “suck and dispose.”Videos of internet users sampling suodiu have sprung up all over Chinese social media platforms over the past week. They also show how street vendors cook up the unusual dish. To “find happiness in the bitterness,” the report said, they would find stones to cook with other condiments to make a dish.

Persons: Hong Kong CNN —, Suodiu Organizations: Hong Kong CNN Locations: Hong Kong, Hubei

☆ These Fish Tacos Couldn’t Be More Brilliant
▼ + stars: | 2023-06-21 | by ( Eric Kim | ) www.nytimes.com time to read: +2 min

And in Herrera’s recipe, it will occupy most of your time, but the return on investment couldn’t be higher. The resulting mixture gives a warmth and complexity — a “Hmm, what is that?” — to an otherwise breezy al pastor. When he first opened Ensenada, Herrera used pale out-of-season tomatoes that diluted the bright coastal flavors he wanted to showcase in these fish tacos. But it’s not just the pineapple that makes this fish al pastor — it’s the char. Al pastor, “in the style of a shepherd,” is a method of barbecuing meat on a rotating vertical spit that Lebanese immigrants brought to Mexico in the late 19th century.

Persons: Herrera, Cosme, pescado, —, gallo, chiles, Adobo, it’s Organizations: Alto Locations: Caracas, Venezuela, Manhattan, Ensenada, Mexico

☆ 4 ways 'anchoring bias' can hurt you financially
▼ + stars: | 2023-06-21 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

A 401(k) match can be an unintentional anchor"Anchors" can be intentional or unintentional, said Klontz, a member of CNBC's Advisor Council. A 401(k) match can serve as an unintentional anchor. Companies choose the respective structure of their 401(k) match — and that structure may inadvertently influence a worker's savings rate. For example, a company may opt to pay a match worth up to 3% of a worker's salary. Encouraging investors to start with a micro-investment "leads to lower wealth accumulation in this brokerage account due to anchoring bias," according to the paper.

Persons: Klontz, they'll, Grill, Tim Vipond, Itzkowitz Organizations: Companies, Google, Corporate Finance, Bank, Getty, Puerto, CFI Education Locations: Hawaii, Puerto Rico

☆ How to tell your company has layoffs planned. Some signs ‘will send shivers down your spine,’ career expert says
▼ + stars: | 2023-06-20 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Amazon, Dropbox and Lyft had the biggest layoffs in the tech industry for April. Google and Meta Platforms are responsible for the most tech layoffs since the pandemic, according to Layoffs.fyi. Look at WARN notices in your stateSo-called WARN notices can help workers figure out if layoffs are coming, Vivian Tu, a former trader turned influencer who goes by "Your Rich BFF," said in a March Instagram video. However, sometimes companies can avoid releasing these notices by spreading out the layoffs, said Susan Houseman, director of research for the W.E. "So maybe you're going to lay off 75, say you lay off 40 one month and 26 the next to avoid WARN notice," she said.

Persons: Daniel Grill, —, José Fernández, Lyft, Vivian Tu, influencer, BFF, Susan Houseman, Houseman Organizations: Challenger, Retailers, University of Louisville, Google, Worker, . Upjohn Institute, Employment Research

☆ Creating an Outdoor Kitchen Is Easier Than You Think
▼ + stars: | 2023-06-20 | by ( Tim Mckeough | ) www.nytimes.com time to read: +1 min

With a little design help, you can turn it into an outdoor kitchen — and the center of all your outdoor entertaining. “I look at the outdoor kitchen as an extension of the great room,” said Allison Babcock, an interior designer in Sag Harbor, N.Y., who frequently designs outdoor kitchens. “It’s not just a barbecue space; it’s about moving a whole lifestyle outside.”Just as the indoor kitchen has expanded to become a hub for many homes, the outdoor kitchen is having its day in the sun thanks to improvements in materials and equipment, and aesthetic upgrades. “An outdoor kitchen can serve as a beautiful focal point,” said Marie Flanigan, an interior designer based in Houston, who includes an outdoor kitchen with nearly every home she designs. “Inside, people always gravitate toward the kitchen, and I think the outdoor kitchen can also become the heart of the outdoor space.”

Persons: ”, Allison Babcock, It’s, Marie Flanigan Locations: Sag Harbor, N.Y, Houston

☆ 2 Tennessee restaurants had to pay $270,000 to servers who were forced to share tips with dishwashers, the labor department says
▼ + stars: | 2023-06-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Two restaurants made servers give $5 in tips to dishwashers on Fridays and Saturdays, the DOL said. The restaurants in Nashville also failed to pay overtime rates and keep accurate records, per the DOL. The restaurants paid $270,751 in back wages to 82 employees following the investigation. The DOL said that the restaurants had paid $270,751 in back wages to 82 employees following the investigation. As well as requiring servers to share tips with dishwashers, the restaurants failed to pay employees overtime rates of one-and-a-half times their usual hourly wages for hours worked over 40 in a week, the DOL said.

Persons: DOL, —, Lisa Kelly Organizations: Service, Department of Labor, Labor Locations: Nashville, Nashville , Tennessee, Tennessee

☆ Only 1% of US wineries are Black-owned. These entrepreneurs want to change that
▼ + stars: | 2023-06-19 | by ( Jeremy Harlan | ) edition.cnn.com time to read: +8 min

It’s a problem that the guests at the Black on Black dinner, and many others, hope to change. “What we’re trying to do is change what leadership looks like and bring more people into the wine industry. Ikimi Dubose-Woodson leads The Roots Fund, a non-profit working to create opportunities for minorities to have successful careers in the wine industry. “The amount of money and wealth that’s generated in the wine and spirits industry is never talked about,” said Burston. Connection and communicationA lack of communication between the predominantly White-owned wine industry and minority communities has also slowed diversity efforts, several dinner guests agreed.

Persons: Channing Frye, CJ McCollum, Carmelo Anthony, Chris Paul, Dwyane Wade, Damian Jones, Marcus Samuelsson, “, Alicia Towns Franken, ” Franken, Franken, Jeremy Harlan, CNN Franken, George Floyd, Breonna Taylor, ”, Ikimi Dubose, Woodson, “ It’s, ” Dubose, Donae Burston, Burston, I’m, Dubose, Nathan Lefebvre, Frye, Jay, we’ve, ’, ” Frye, Amir Shafii, you’re Organizations: Aspen, Colorado CNN, NBA, Wine Co, Association of African, CNN, Wine, Roots Fund, Fund, Blacks, La, Cleveland Cavaliers Locations: Colorado, Caribbean, Chicago, Aspen , Colorado, Holstein

☆ Chipotle wants you to think composting before burrito bowl becomes trash
▼ + stars: | 2023-06-18 | by ( Ian Thomas | ) www.cnbc.com time to read: +7 min

Composting has been a key part of that for Chipotle, and the fast-casual restaurant chain is expanding that focus this year. In 2023, Chipotle has set a goal to institute composting programs in at least 23% more restaurants, or approximately 234 additional locations. In certain jurisdictions, compostable products have to be fiber-based, while in others plant-based compostable products are accepted. Infrastructure is key for Chipotle, Shibata said, as there are many Chipotle restaurants in areas where there is no facility that can compost certain items. She sees more jurisdictions pushing in the direction of more composting, and said that a focus from companies like Chipotle on composting will help generate momentum.

Persons: Brandon Bell, Chipotle, Brian Niccol, Laurie Schalow, Lisa Shibata, Shibata, We've, Frank Franciosi, Franciosi, Schalow Organizations: Mexican Grill, Getty, composted, Companies, New, New York City, Seattle Locations: Mexican, Austin , Texas, Chipotle, U.S, New York, West Coast, San Francisco

☆ Cava IPO comes in a little too hot
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

The company’s IPO raised $318 million, about $30 million more than it had expected a few days earlier, to fuel its expansion. And just in time for the afternoon lunch rush, its shares opened on the New York Stock Exchange at nearly double its IPO price. That implies Cava’s valuation is close to $5 billion, over twice the amount private investors ascribed it in 2021. Cava is a lot like Sweetgreen – neither are profitable, and both have a similar number of stores. But Cava now trades at more than five times its theoretical annualized sales based on the first quarter, much higher than the 1.4 times Sweetgreen commands.

Persons: Cava, copycats, Anita Ramaswamy, John Foley, Katrina Hamlin Organizations: YORK, Reuters, New York Stock Exchange, Twitter, Corporate, Thomson Locations: Crunchbase, Cava

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