Food & Drink

Zhang Yong, the billionaire founder of Chinese hotpot chain Haidilao, has stepped down as its chief executive officer while the company overhauls its operations and trims its network of restaurants. The 51-year-old Zhang will remain as chairman and executive director, but will shift his focus to formulating Haidilao’s long-term strategies, the company announced in a
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Paul Golitzin is president and director of winemaking for Washington State’s Quilceda Creek, producer of some of the world’s most treasured Cabernet Sauvignon. Last fall Golitzin announced that his winery acquired an additional 22 acres of Champoux (pronounced “shampoo”) Vineyard in the Horse Haven Hills AVA of Columbia Valley. This 187-acre vineyard is considered to
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Daniel Lubetzky, best known for building Kind Bars and selling it to confectionery heavyweight Mars for $5 billion, has invested an undisclosed sum in Brooklyn-based company, Belgian Boys, through his family office Equilibra. PitchBook showed Belgian Boys has raised $7.01 million as of January 2022, with post valuation totaling $16.01 million. This marks the first
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Dry January is done. While many have swapped back to higher-proof beverages, the non-alcoholic (NA) movement persists. After wrapping the latest on-premise measurement analysis, CGA Strategy finds that no- and low-alcohol beer will be a vital player in the growth of the NA space. According to the research firm, greater presence of no- and low-alc
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This past week wine buyers from around the world descended upon Napa Valley to attend the 2022 Premiere Napa Auction, featuring small lots of unique wines from recent vintages. Sotheby’s opened the bidding online on Wednesday, but many buyers elected to attend the live auction this past Saturday, to raise their paddles in person. Safety
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The eastern European country has a long, respected history of producing wine The whole world is focused on Ukraine this week. It might seem trivial to look at the country through a less-urgent lens at this time, but since wine is what I write about, I wanted to learn more about those traditions. And what
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Hear me out: boozy…..water. Perhaps that sounds like the drink of wellness extremists looking to catch a buzz. But the appeal of Funny Water, a new line of canned boozy waters, is surprisingly universal — they’re hyper-refreshing and highly sessionable; one of the sole non-carbonated, low-proof options amidst a sea of saccharine spiked sodas and
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The James Beard Foundation has announced the 2022 Restaurant and Chef Awards semifinalists in advance of the returning James Beard Awards®, and Texas is incredibly well represented among the nominees. The Lone Star State garnered semifinalist nominations in every category, with 20 outstanding chefs from all corners of the state competing for the coveted Best Chef
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Molson Coors reported today that they closed out 2021 with a solid fourth quarter that saw a 14.2% increase in net sales. Those numbers were delivered despite several challenges flowing from the pandemic, including returning restrictions due to the Omicron surge and an inflationary economy. The global beer maker reported fourth-quarter earnings of $80 million
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