Foods & Culinary

Oatly’s massive IPO, Guy Fieri’s streaming special, and an update on government aid

In this week on Eater’s Digest, let’s discuss some of the week’s biggest news:

  • An update on state aid. The paycheck protection program is officially out of money. The Restaurant Revitalization Fund needs more than double its resources to cover every application. The Shuttered Venue Operators Grant grant was flawed from the start, but it should have enough cash to cover current applications. It is not yet known whether the RRF will be replenished.
  • Guy Fieri’s streaming show. On June 12th, Guy becomes Fieri start a streaming special with the aim of celebrating restaurants and inspiring members of the industry. It will include musical performances, talks with restaurateurs like José Andrés and Cat Cora, celebrities from Shaquille O’Neal and Rob Gronkowski, and $ 300,000 in indie restaurateurs grants.
  • Masks in restaurants. This week Nick Kokonas announced Alinea employees can do without masks at work if they are vaccinated (and can wear a pin to show their status to guests). Meanwhile, Gabriel Stulman in New York only allows vaccinated guests to dine in his new Jolene restaurant, and since all employees are vaccinated, no one has to wear masks.
  • Oatly goes public. The popular oat milk brand, controlled by a Belgian investment company and a Chinese conglomerate (plus investment firm Blackrock), is now worth $ 12.5 billion after an impressive IPO in May.
  • Impossible burger in schools. After the USDA awarded the Plant-Based Impossible Burgers the Child Nutrition Label, they can be served in schools, troubling proponents who don’t believe brands should be marketed to kids in the canteen. But would include the Impossible branding Help with teenage acceptance?

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