ANALYSIS: Cage-Free Price Slows Descent, First Signs of Consumer Relief Underway

Expana’s cage-free large quotation has continued to decline this week, albeit at a slower pace to last, dropping to $5.83/dozen Thursday. This marks a 41% decrease since the market peaked at $9.86/dozen in late February.

Weak retail demand remains the primary force behind declining wholesale values, as inflation-weary consumers continue to push back against high shelf prices. In response, grocers have scaled back their orders to better align with sluggish sales, leaving suppliers scrambling to offload surplus inventory. As recently as... 

Butterfly Acquires the Duckhorn Portfolio of Wines for $1.95 Billion

On Christmas Eve, the Los Angeles-based Butterfly Equity acquired a Californian wine maker known as the Duckhorn Portfolio, according to a media alert. The all-cash deal valued Duckhorn at $11.10 per share or approximately $1.95 billion.

Duckhorn encompasses 2,200 acres of vineyards throughout California, Oregon, and Washington state. The company sells brands like Decoy, Sonoma-Cutrer, Postmark, and more. Originally, Duckhorn Vineyards started in 1976 as a family-owned company founded in Napa Valley. Today, their wines are available throughout the US...

Robert Irvine and GRUBBRR Launch "Restaurant Revamp" Campaign Ahead of  Fast Food Wage Hikes

GRUBBRR, a cutting-edge provider of self-ordering technology, today announced its collaboration with company investor, partner and celebrity chef Robert Irvine to launch "Restaurant Revamp," a giveaway campaign aimed at addressing solutions to rising labor and food costs in California and beyond. The move comes as California is set to raise hourly wages for fast food employees to $20 per hour starting April 1, 2024, and more restaurant owners and operators are looking to integrate technology as a forward-looking solution...