After rapid and apparently misguided expansion, the New York grocery store Fairway may finally be reaching the end of its lifelines. Stocks in the store, which went public in 2013, have been falling since CEO Jack Murphy came on in 2014; they now rest at 30-40 cents a share. Nasdaq has twice warned the company that they may be delisted, and over the past 5 years they have accumulated $267 million in debt.
The chains owners have made attempts to sell, but have not been able to come up with buyers. Now, in a last-ditch effort to keep at least the most successful stores open, they are attempting to enter Chapter 11 bankruptcy protection by the end of May and restructure their debt. If the deal goes through, creditors will take over the company temporarily until they (hopefully) reach more solid footing.
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It’s getting a lot harder than it used to be to walk down a grocery store aisle and tell what will give you a buzz – at least at first glance. For starters, there’s the growing proliferation of alcoholic versions of sodas from childhood, like Not Your Father’s Root Beer, or Crabbie’s Ginger Beer. But the trend also moves the other direction, as more and more foods and beverages without alcohol draw on the flavor profiles of beer, liquor and cocktails.
We’re always excited to see what comes out of the marriage of food and tech, and the latest event may be unexpected but it’s certainly exciting. Next Friday, April 15th, Google Translate will host a 4-night long pop-up restaurant in honor of their 10th birthday, called the Small World Pop-Up. According to their website, “Languages from around the world will be your guide as our guest chefs take you on a journey through the lens of food — our universal language.” Guests will use Google translate to order their food from chefs Gerardo Gonzalez, JJ Johnson, Danny Bowien, and Einat Admony (each chef has a different day, and is partnering with friends from the industry to handle drinks and service).
As baseball season gets underway, more and more attention is being drawn to an often overlooked part of the stadium experience: the food. It may take awhile to overcome associations with dry pretzels, standard-issue hot dogs and over-priced beer, but at least a few stadiums are trying to bring fans a better dining experience.
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