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Today in European Tech: SoftBank invests in Norway’s AutoStore at $7.7 billion valuation, AXA VP’s new growth fund, and more

admin 8 months ago

Hello!

Here’s what happened today in European Tech.

Deals

– Japan’s SoftBank has acquired a 40% minority stake in Norwegian robotics and software firm AutoStore for $2.8 billion. With the purchase, AutoStore now has a $7.7 billion market value.

– Paris-based AXA Venture Partners (AVP) has completed a €250 million first closing of its new AVP Growth Fund II. By year’s end, the final closing is expected to bring in €500 million.

– European private equity fund EMK Capital has acquired Israeli motorcycle Bluetooth communications headset developer Cardo Systems for a reported $150 million.

– Based out of Brighton,

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Europe’s food agency changes its mind on titanium dioxide in food | News

admin 6 months ago

Titanium dioxide, which is used as a colourant in many common household items such as toothpaste, sunscreen, paint and food colouring, ‘can no longer be considered as safe when used as a food additive’, according to an updated safety assessment by the European Food Safety Authority (Efsa). The Efsa expert panel concluded that the absorption of titanium dioxide particles is low after oral ingestion, but they can accumulate in the body and genotoxicity concerns cannot be excluded.

This new evaluation revises Efsa’s previous assessment from 2016, which found that titanium dioxide was safe for food applications but that

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Taipei Asian Cuisine to open in Pensacola on North Davis this summer

admin 5 months ago

There are a surplus of Chinese takeout restaurants in Pensacola and quite a few more Chinese buffets, but coming up at the end of June, a slightly elevated, sit-down Chinese restaurant will become an option for foodies, courtesy of a well-established local chef and business owner. 

Chuck Nippon, the owner of Nippon Sushi at Cordova Mall, will hit on another one of his entrepreneurial goals when he opens Taipei Asian Cuisine this summer on North Davis Highway. 

“There’s really no nice Chinese dining restaurants here,” Nippon explained Thursday morning. “I wanted to have a really nice, clean and classic Asian

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Fried chicken wars goes global and free donuts: 5 fast food stories you might’ve missed this week

admin 8 months ago
Those are just some of the tantalizing and tasty offers that made headlines this week in the fast food world. Companies in that crowded space operate on razor-thin profit margins, so they are constantly trying to gain an edge over its competitors, often with perks like free food or other giveaways.

Americans have lost their minds over the Popeyes’ fried chicken sandwich for the past two years. Soon, our friends in the United Kingdom can experience the clucking craze.

The chain unveiled plans to open its first UK restaurant later this year, following successful launches in Spain and Switzerland, as
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Letter from the Editor: Polis has brisket rub recipe and food freedom credentials

admin 8 months ago
Opinion

Jared Polis is governor of Colorado. He is an interesting fellow.

We called him to the attention of readers of Food Safety News when he was serving in Congress because of his association with the Food Freedom movement.

Turn the clock back to 2015 when then-Congressman Polis, D-CO, was a proud member of the Food Freedom Caucus led by Rep. Thomas Massie, R-KY. They campaigned for national raw milk bills and the Processing Revival and Interstate Meat Exemption (PRIME) Act. It would have allowed states to permit the intrastate distribution of custom-slaughtered beef, pork, or lamb to individual consumers

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Here’s a list of Utah restaurants, bars, bakeries and food truck owned by Asian women

admin 8 months ago

It’s hard to imagine where Utah’s dining industry would be without the hard work — and talent — of Asian women.

They own and operate dozens of our favorite restaurants, bars, bakeries and food trucks. Their eateries bring us sushi, pad thai and K-pop fries as well as grilled hamburgers, Louisiana-style crawfish and artisan bread.

Utah diners were thinking about many of these female business owners last week, after a series of shootings at three Atlanta-area spas.

Authorities are still investigating the motive behind the shootings that left eight people dead, including six Asian women. But the killings reverberated around

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