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    Food & drink

    This Month

    McDonald’s is the largest employer group to rely on the award minimum.

    McDonald’s hit with multi-employer bargaining push

    The retail union is using Labor’s new multi-employer bargaining laws to force McDonald’s back to the negotiating table for its first collective agreement in more than a decade.

    • David Marin-Guzman
    Jon Adgemis.

    Lenders tried to sell Jon Adgemis’ pubs to Justin Hemmes’ Merivale

    Merivale was shown internal financial spreadsheets by one major lender, but ultimately decided against exploring a deal, sources said.

    • Primrose Riordan and Sarah Thompson

    July

    The economics of being your own barista in four charts

    Is making your coffee at home an expensive hobby or an economically rational response to higher coffee prices?

    • Daniel Arbon
    Party on a boat on Sydney harbour.

    The suburbs where Australians drink the most champagne

    Baby boomers are big drinkers of imported bubbles, but younger consumers are driving demand for alternatives such as prosecco.

    • Michael Bleby
    Domino’s Pizza boss Don Meij has been determined to crack Japan.

    How the Domino’s Japanese dream died

    The pizza business failed to recognise that Japan’s explosive growth in lockdown was due to its convenient delivery service rather than a shift in consumer taste.

    • Staff
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    From an early age Chad Burke discovered a love of commerce and fast-moving consumer goods

    How this retail executive found his calling in the school playground

    Chad Burke is one of the 2024 BOSS Young Executives. As a teenager, he had a good business selling chocolates and chips to his fellow students.

    • Sally Patten
    According to a UBS supermarkets survey of suppliers, trading through April to June favoured Coles over Woolworths, while Aldi gained the most market share.

    Supplier survey suggests Coles has outperformed Woolworths all year

    Ahead of financial updates from the major supermarkets next month, suppliers say Coles and Aldi are picking up market share over their rivals, small and large.

    • Carrie LaFrenz
    The Inspired Unemployed’s Jack Steele (left) and Matt Ford have a major stake in Better Beer. Mighty Craft owns 33 per cent.

    Mighty Craft collapses after calling off merger with Better Beer

    The ASX-listed beverages group owns 33 per cent of the brewery, backed by The Inspired Unemployed. But it has fallen into administration, appointing Ankura.

    • Simon Evans
    Tom Clark owner and co founder of Coutume cafe.

    Meet the Aussie who introduced Paris to the flat white

    Tom Clark opened Coutume in early 2011. Now it’s a chain of 15 cafes, with more than 100 employees. Oh, and there’s a wholesale roasting business, too.

    • Hans van Leeuwen
    AgriProve founder Matthew Warnken: “We’re not going to incrementalise our way out of these challenges, which means that now is the opportunity to innovate.”

    A farming revolution built on down-to-earth thinking

    Increasing carbon levels in grazing lands could remove 10 billion tonnes of greenhouse gas emissions from the atmosphere says the winner of the Agriculture category.

    • Tom McIlroy
    Embattled publican Jon Adgemis.

    Fast cars, pricey digs: the luxurious (rented) life of Jon Adgemis

    As he tries to sort out his creditors, the former KPMG dealmaker still gives his address as one of Point Piper’s more luxurious piles.

    • Primrose Riordan
    Domino’s group CEO Don Meij opened the 1,000th store in Japan in 2023.

    Rising cheese prices bite into Domino’s earnings: Barrenjoey

    Barrenjoey has slashed its earnings forecasts for Domino’s due to a slower store rollout, weak Japanese yen and rising cheese prices.

    • Carrie LaFrenz

    June

    Jill Dupleix sips a frozen margarita waiting for her burrito at Guzman Y Gomez.

    What does a $3b burrito taste like? Jill Dupleix rates Guzman y Gomez

    Mexican food is at its best when it’s made by hand, with a squat stone molcajete and smoky char from a hot grill, and unlimited access to sun-dried Mexican chillies. This isn’t that.

    • Jill Dupleix
    Going hungry: there is a general reluctance in Australia to support new floats, so the likes of GYG are getting creative.

    Guzman’s three FOMO factors put life into IPO market

    As soon as you walked into the listing ceremony on Thursday, you could tell the stock was going to pop. It’s time to dust off those float candidates.

    • Anthony Macdonald
    Guzman y Gomez co-chief executives Steven Marks (right) and Brett Hilton ring the bell to mark the company’s listing.

    Guzman y Gomez IPO pop to $3b lifts hopes for listings

    The Mexican-themed restaurant chain’s value topped $3 billion on its debut, and there are hopes this will rekindle a stagnating market for local sharemarket listings.

    • Carrie LaFrenz and Primrose Riordan
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    Can Guzman y Gomez’s New Yorker frontman prove everyone wrong?

    Managers say the IPO is too riddled with cushy perks for insiders to offer value. Founder Steve Marks disagrees.

    • Primrose Riordan, Carrie LaFrenz and Max Mason
    Steven Marks, the Guzman y Gomez chief executive, at the Sohn conference last year. The IPO pitch has come in off the long run.

    What past IPO disasters tell us about Guzman y Gomez’s $2.2b float

    The Mexican fast-food chain float has split opinions among Sydney’s investing community, and revealed the deep scars inflicted by failed floats of the past.

    • Jonathan Shapiro
    If you subconsciously label coffee’s effects as anxiety, you might reinforce the trauma.

    Yes, drinking coffee can cause anxiety

    Caffeine is a stimulant that affects the part of the body responsible for your fight-or-flight response. Here are three ways to stop it becoming a problem.

    • Hannah Singleton
    Steven Marks, Guzman y Gomez’s founder, at a Morgan Stanley conference earlier this week. He is bullish about the company’s growth prospects.

    Investors scramble for Guzman y Gomez shares amid hot demand

    Sources said some investors interested in the $2.2 billion float received 10 per cent of what they had wanted, while others managed to grab 45 per cent.

    • Tom Richardson
    The Chanticleer podcast features James Thomson and Anthony Macdonald.

    Why everyone is talking about ESG | RBA’s $5b headache | Private credit boom

    This week on the Chanticleer podcast, James & Anthony look at business’ ESG focus, explain how apparently sluggish economic growth doesn’t mean rate cuts are coming, and deep dive into the hottest asset class in the world.