Tag: Old Forester

Yum agrees to sell $464M stake in China unit ahead of spinoff; Haier to brand cooktops and ovens in U.K.; plus more (possibly) bad news about the (allegedly) leaked KFC recipe

A news summary focused on 10 big employers; updated 8:41 a.m.

YUM has agreed to an advance sale of a $464 million slice of its China operations to a prominent Chinese deal maker and the financial affiliate of Chinese Internet giant Alibaba. The deal announced this morning is with Primavera Capital and Ant Financial Services Group. They will buy the shares at an 8% discount to the average price at which Yum China’s shares trade between 31 and 60 days after they’re distributed to Yum shareholders in a spinoff expected by Oct. 31. Yum China will start trading on the New York Stock Exchange as an independent company on Nov. 1 under the ticker symbol “YUMC.”

Greg Creed
Creed

Louisville-based Yum also announced Primavera founder Dr. Fred Hu, former chairman of Greater China at Goldman Sachs, will become Yum China’s non-executive board chairman. In a statement, Yum CEO Greg Creed said: “The investments from Primavera and Ant Financial in Yum China mark another important milestone in our plans to separate the China business and create a solid foundation for Yum China” (Wall Street Journal and press release).

GE APPLIANCES owner Haier is filling a hole in its product lineup: It will begin to sell Haier-branded gas cooktops, induction cooktops and ovens in the U.K., beginning next year. China-based Haier hasn’t yet released prices or dates when they might appear in other countries, however. Haier bought Louisville-based GE Appliances for $5.6 billion in June, in a bid to gain a stronger presence in the U.S., where it has only 1.1% of the appliance market. The Louisville company employs 6,000 workers at Appliance Park in the south end (CNET).

KFC: YouTube vlogger Hellthy Junk Food has done a blind taste taste of real KFC fried chicken vs. that purportedly leaked super-secret recipe of 11 herbs and spaces founder Harlan Sanders created. Posted Tuesday, the video’d results have already drawn 75,000 views — and they don’t bode well for the chain:

BROWN-FORMAN: Financial news site Seeking Alpha  Continue reading “Yum agrees to sell $464M stake in China unit ahead of spinoff; Haier to brand cooktops and ovens in U.K.; plus more (possibly) bad news about the (allegedly) leaked KFC recipe”

Roadhouse CEO unloads $6.9M in stock; tragedy strikes Calif. Taco Bells when pregnant worker killed in car crash; fiancé is employee, too; Ford extends $400K supercar production

A news summary focused on 10 big employers; updated 8:55 p.m.

Ford 2017 GT supercar
An overhead photo of the 2017 GT; Ford will produce them for four years.
Kent Taylor
Taylor

TEXAS ROADHOUSE founder and CEO Kent Taylor sold $6.9 million of company stock at a hair more than $46 a share Tuesday through yesterday, according to a Securities and Exchange Commission filing. Taylor still owns 4.2 million shares worth $192 million at TXRH shares‘ closing price this afternoon of $45.47.

TACO BELL: In San Jose, Calif., a one-day-old baby boy was in critical condition at a South Bay hospital early this morning, after his 18-year-old mother died in a car accident Wednesday. Both the victim, Dulce Capetillo, and the infant’s father, her fiancé Pedro Cortes, were Taco Bell employees working the late shift. Capetillo’s brother was driving her to pick up Cortes at the Taco Bell where he worked. “I just can’t imagine the pain he is going through right now,” said Taco Bell area supervisor Jose Gonzalez. South Bay Taco Bells now have donation boxes in honor of Dulce; the company plans to match customer donations. And a GoFundMe page is also in place to help with funeral costs (ABC 7).

In Toledo, Ohio, a sheriff’s deputy has been fired after making what were considered inappropriate Facebook posts about Taco Bell employees he said had made vulgar remarks about him.

Deputy Thomas Hillenbrand, 57, a 19-year employee, was canned Wednesday. His Facebook post July 23 said a black employee and a co-worker inside the restaurant yelled “Black lives matter,” and laughed at him while he was in his car in the drive-thru. The deputy was in uniform at the time.

His Facebook post said: “I guess we’ll see if they’re still laughing after I call their corporate office on Monday and unload on someone.” He also encouraged fellow officers to boycott the restaurant. Replying to a comment on his post saying he should have reached through the drive-thru window, Hillenbrand wrote: “Couldn’t reach them. In the pre-camera days, Continue reading “Roadhouse CEO unloads $6.9M in stock; tragedy strikes Calif. Taco Bells when pregnant worker killed in car crash; fiancé is employee, too; Ford extends $400K supercar production”

Soft and creamy: This master’s description of a special bourbon hitting stores next month sounds like classic food porn

“It starts off as soft butterscotch with candied orange peel. It transitions into a creamy vanilla in the middle and finishes with subtle anise and moderate spice. It’s like eating black jelly beans in the middle of an orange grove.”

— Jackie Zykan, Old Forester master bourbon specialist, describing the 2016 Birthday Bourbon commemorating Brown-Forman founder George Garvin Brown‘s birth going on sale next month.

Here are his additional notes: color, deep reddish umber; nose, complex and cinnamon, wood-spiced with nutty chocolate, dark caramel and rich oak notes all brightened with a dash of crisp citrus fruit; taste, mulled spice sweetness and fruity with bright citrus peel highlights; finish, long and warm with mulled fruit character lingering on.

(Ironically in a Sam Malone of “Cheers” way, Boulevard Publisher Jim Hopkins doesn’t drink alcohol.)

KFC is bubbling over with ideas — a gravy fountain, for one; 170 years later, there’s more to toast than ever Sept. 2; and Haier and GE Appliances union prep for contract talks

A news summary focused on 10 big employers; updated 12:29 p.m.

KFC sent fans into a food frenzy when its official U.K. and Ireland Twitter account tweeted a photo of its latest invention: the “Gravy fountain of dreams.” Employees at the fast food giant said the fountain is “only at head office for now,” but they’re reportedly trying it out in stores across the Kingdom. No word on whether it will make it across the gravy pond (Mirror). Reaction approached crack-addict levels:

BROWN-FORMAN: This year’s annual batch of Old Forester Birthday Bourbon celebrating founder George Garvin Brown‘s Sept. 2 birth is bigger than usual — 14,400 bottles total, about 1,000 more than last year. Woodford Reserve master distiller Chris Morris, who set aside this year’s batch way back on June 4, 2004, isn’t sure why it’s so much more plentiful. “[It] could be the result of many factors,” he says, “such as the cooperage [barrel and cask makers] made some extra tight barrels that day or we had a lot of slow growth oak in the barrels.” Birthday Bourbon is bottled at 97 proof and has a retail price of $79.99 — $1.2 million if you could somehow round up all of it at once (Men’s Journal).

Birthday Bourbon
Available next month.

How’s it taste? Imagine the food equivalent of a porno movie.

Bottled in a decanter-style glass, the commemorative whiskey was initially launched 15 years ago. “In 2002, when we first introduced Birthday Bourbon, the market for premium Bourbons was almost nonexistent; Birthday Bourbon represented a ‘first’ in this category,” Morris said in a press release. “But 15 years later, global interest for premium Bourbons and well-crafted whiskeys is at a record high.” Each barrel in the Birthday Bourbon selection is drawn from the same day of production; 2016’s totals 93 barrels. It goes on sale nationwide starting next month (press release).

George Garvin Brown
Brown

Brown was born in Munfordville, Ky., on Sept. 2, 1846 — coming up on 170 years ago — and moved to Louisville in 1862, where he attended Male High School. He worked as a pharmaceuticals salesman until starting the company in 1870 with the original Old Forester brand, when he was 24. Brown married Amelia Bryant Owsley in 1876, and they had two children, Owsley and Robinson. George died in 1917 and is buried in Cave Hill Cemetery (Explore Kentucky History).

PIZZA HUT: VentureBeat says Domino’s has beat Pizza Hut to launch a Facebook Messenger bot, but it could be smarter (Venture Beat).

HAIER says the wages of about 4,000 union-represented Appliance Park workers “are not in line with market realities,” as the Chinese conglomerate and labor leaders get ready for next week’s contract talks. They will be the first since China’s Haier bought GE Appliances in June for $5.6 billion (WDRB and Business First).

AMAZON is opening a distribution center in Etna, N.J., on Sept. 14, and has already taken nearly 2,000 applications for a planned 1,500 jobs there. Company officials have said the center could eventually employ 3,000 during peak periods. Construction on the 855,000 square-foot, four-floor center started in mid-2015 (Newark Advocate here and here). Amazon employs 6,000 workers at distribution centers in Jeffersonville and Sherphardsville; more about its Louisville-area operations.