Starbucks is getting into the bread business.
The Seattle-based coffee chain announced plans Monday to buy San Francisco-based Bay Bread and its La Boulange bakery brand for $100 million.
"This is an investment in our core business," said Howard Schultz, Starbucks chief executive, in a conference call with financial analysts. "After more than 40 years, we will be able to say that we are bakers too."
Schultz said one-third of Starbucks transactions include the purchase of a food item. Food now accounts for $1.5 billion in sales at U.S. company-operated Starbucks stores and has grown sharply in recent years, he added.
Starbucks will create a "new methodology" to produce fresh baked items, Schultz said without elaborating.
Read - Starbucks: 'We are bakers too'
Chefs with Issues is a platform for chefs and farmers we love, fired up for causes about which they're passionate. Jay Pierce is the chef at Lucky 32 Southern Kitchen in Greensboro and Cary, North Carolina and frequently contributes to Edible Piedmont Magazine and the restaurant's Farm-to-Fork blog.
As this year’s political season wends its way to Election Day, we voters will be implored to act, decide, stand up for what we believe in. Our voice matters; as every child learns in school, one vote can make a difference. No matter how disaffected or energized you are by rhetorical jousting about healthcare, debt ceilings or foreign aid, there is one topic that hits close to everyone’s home: buying and eating food.
Editor's note: David Frum is a contributing editor at Newsweek and The Daily Beast and a CNN contributor. He is the author of seven books, including a new novel, "Patriots."
Nobody seems to have a positive word for Mayor Michael Bloomberg's proposal to ban oversized servings of sugary drinks in New York's food-service establishments.
The mayor has been decried as a nanny. He has been accused of selective enforcement. (A Starbucks 20 ounce drink can have more than 500 calories, but will be exempt from the ban because it contains more than 50% milk.) The beverage industry complains that solutions to the obesity problem ought to be more "comprehensive." One important conservative magazine called the mayor's actions a form of "fascism."
Editor's note: Mark A. Pereira is an associate professor in the Division of Epidemiology and Community Health at the University of Minnesota.
Smart policies are essential to America's "war on obesity."
The latest idea in that fight is a curious proposal from Mayor Michael Bloomberg of New York City. He's planning to ban the sale of sugary drinks 16 ounces or larger in public venues such as restaurants and movie theaters.
Critics are crying that the move is an infringement on personal freedom. But the bigger question is: What's the rationale behind targeting a single dietary factor in the sea of unhealthy foods and drinks that barrage us every day? Is it scientifically sound?