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From Dough to Dash
12th May, 2025
Gregory Zenin
May 12, 2025
Welcome back Food Junglers. This week, Doordash has a huge proposal, the USDA is still grappling with budget cuts, and ultra-processed food may be linked with Parkinson’s Disease. Let’s dig in.
THE BREAKDOWN…
Big Acquisition: DoorDash has agreed to acquire Deliveroo for 180 pence in cash per share, equating to roughly £2.9 billion or about $3.9 billion.
USDA Resignations: More than 15,000 US Department of agriculture employees have taken one of the Trump administration's two financial incentive offers to leave the agency.
Budget Cuts: A coalition of 19 states and the District of Columbia sued the Trump administration on Monday in an effort to block its slashing of the Department of Health and Human Services.
India-UK Trade: The UK government has concluded a landmark free trade agreement with India, which is expected to slash Indian tariffs on key products such as whisky, chocolate, soft drinks and lamb.
Alt-Protein Chaos: Embattled alternative protein firm, Meati Foods, is set to sell for just $4M after an unprecedented financial crisis that turned the business on its head. To date the company has raised $450M.
Nestle Sell-Off: Nestlé has hired Rothschild & Co to advise on the sale of its water division later this year, four people familiar with the matter told Reuters, as the Swiss food giant looks to refocus on bigger brands.
Parkinson’s Disease: Researchers from the US and China have found a link between the consumption of ultra-processed foods and early signs of Parkinson's disease.
Tariff Tumult: Kraft Heinz, which sells top U.S. coffee brand Maxwell House, has asked its coffee suppliers for 60 days' notice before hiking prices in case President Trump reverses tariffs.
Chinese Coffee: A popular coffee company from China - Luckin Coffee - will be opening its first American location in New York City. There is no opening date yet.
Doughnut Crisis: Krispy Kreme withdrew its outlook for the year and said it will stop paying a quarterly dividend, making it the latest company to exercise a more cautious approach in an uncertain economic climate.
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