In today's food news, via our friends at Food News Journal: A writer at Esquire argues that Stumptown Coffee has sold out bigtime. Plus, cuts to food stamps may be in the near future, and a look at the booming market for human breast milk.
Read on for more news of the day via Food News Journal.
• Rosé: What the Experts Recommend - Snooth
• Labeling for the consumer, not the producer - Jancis Robinson
• Stumptown Sold Out - Esquire
• The Booming Market for Human Breast Milk - - Wired
• E.coli cucumber scare: Cases 'likely to increase' - BBC News
• Oxfam: Food prices to double by 2030 - Guardian UK
• Pediatricians Warn Against Sports/Energy Drinks for Kids - NPR
• Congress Mulls Cuts to Food Stamps Amid Record Recipients - ABC
• Food safety advocates decry FDA cuts - Washington Post
• Kids with stubborn asthma may have food allergies - Reuters
• Read more of today's food news and blogs at Food News Journal or subscribe to their daily email.
(Image: Food News Journal)
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Oh, I don't like the title of this post. There has been no confirmation that Stumptown has sold anything to anyone. What's more, the Esquire article gives no details on what the author thinks happened. Really irresponsible of him, but it's his blog, so I guess he can do what he wants with it.
Here's the real Stumptown scoop, as far as I can tell from Portland Food and Drink: http://www.portlandfoodanddrink.com/2011/05/stumptown-has-not-been-sold/
It looks like a partnership to expand the company from what I can tell.
Oh no, a business owner making business decisions. The horror!
I really hate the term "sold out"....A LOT!!! Look, here the real deal! If I were a business owner, singer, songwriter, artist, or whatever and someone offered me more money!!! I would be an idiot not to take it!!! It's not really "selling out" it's being smart! I love Stumptown coffee and as long as they always keep their amazing coffee the same...who cares?
Business 101: investors give money with strings attached. They want a say in growth, profit and operations because its their money. As the Portland food and drink article clearly highlights, Stumptown won't say who is the majority owner. So ultimately, who calls the shots and how will that affect the brand? I hope all the investors realize that great coffee is what makes Stumptown so good.
I would point out the idea that Starbucks was once a small business too, in a northwest city.