Queens Night Market is officially open for the season. Modeled after traditional Taiwanese night markets that founder John Wang experienced growing up, the market showcases the borough it calls home and the diversity it's known for.
"Our mission is to curate traditional foods that might be hard to find in New York City. And in order to sort of pass the rigorous application process, you have to have grown up eating what you're selling," Wang told Cheddar.
At Queens Night Market, which has vendors representing dozens of countries every weekend, diversity is about much more than ethnic background. That's why the market prides itself on keeping prices low in spite of surging inflation. At just $5 to $6 per item, Wang hopes the market remains accessible to people from different socioeconomic backgrounds.
For vendors, the price caps sting. But many say participating in the Queens Night Market is about much more than profit.
"It's been really, really challenging. But hey, you know, as long as our audience is coming back [and] they're loving it, we're happy to serve," Yeen Tham of Lion City Coffee said.
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Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
