Starbucks is introducing a new line of drinks made with a spoonful of extra virgin olive oil , including an Oleato latte with oat milk and olive oil, an Oleato ice shaken espresso, and the Oleato golden foam cold brew, according to a press release. The idea for the olive oil-infused drinks came from CEO Howard Schultz. While traveling in Italy last year, he started drinking a spoonful of extra virgin olive oil every morning.Then one morning he had the idea to combine his morning olive oil with his morning coffee. The new beverages will be available at locations in Italy this week, then southern California in the spring, followed by the rest of the U.S.
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.
