The newspaper publisher has partnered with Chef'd, a meal kit delivery company, to ship boxes of uncooked food based on recipes from The New York Times Cooking site and app.
Customers cook up the meals on their own, using step-by-step recipes that come in the boxes.
The New York Times, which is licensing its brand to Chef'd, said the meals will go on sale this summer. Customers will be able to order meal kits anytime they want, or subscribe to receive weekly boxes. A box that can make meals for two people typically costs around USD 30 on Chef'd.
Revenue from those types of endeavours rose 6.3 per cent to USD 95 million last year, while revenue from advertising fell 3.6 percent to USD 638.7 million. Circulation revenue rose 1 percent to USD 845.5 million.
Meal kits have exploded in recent years as competition heats up. People around the world spent USD 1.5 billion on meal kits last year, with less than half of that coming from the US, according to research group Technomic. The US market is expected to grow to as much as USD 6 billion by 2020, Technomic said.
Chef'd, based in El Segundo, California, was founded a year ago. It has similar deals with other publishers, including fitness magazine Men's Health. Bloomberg first reported the deal Thursday.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
