Franchise News
Salesforce Acquires SteelBrick, Combination Accelerates SteelBrick's Delivery Of Quote-To-Cash Applications
Trinity Street Capital Partners Announces the Origination of a High Leverage, Non-Recourse, Hotel Loan
Trinity Street Capital Partners Announces the Origination of a High Leverage, Non-Recourse, Hotel Loan
Latest News
Judge Orders Amaya To Pay $870 Million To Kentucky For Violating Law, Amaya To Appeal Ruling
Franklin Circuit Judge Thomas Wingate has ordered Amaya Inc., the parent company of PokerStars.com, to pay Kentucky $870 million for “calculating that breaking the law was good for business,” according to a report from The Washington Times. Amaya will be appealing the ruling and will avail itself of any and all remedies available to it.
McDonalds Testing Mac And Cheese In Ohio, Looking to Boost Sales
McDonald’s is experimenting with roll-out of mac and cheese in Cleveland, Ohio, available for a limited time, according to a report from Brand Eating. The new menu item is available either a-la-cart or as a Happy Meal entrée in Cleveland.
AB InBev Acquires Breckenridge Brewery, Enhances The High End Business Unit
Anheuser-Busch InBev (AB InBev) has announced in a press release that it would be acquiring the Colorado-based Breckenridge Brewery. The acquisition enhances AB InBev’s The High End business unit of craft and import brands.
Hyatt Hotel Notifies Customers Of Malware On Computer, Launches Investigation
Hyatt Hotels Corporation has announced in a press release that it recently identified malware on computers that operate the payment processing systems for locations managed by Hyatt. The company has launched an investigation and engaged with a leading third-party cyber security experts as soon as they discovered the activity.
Pep Boys In New Deal With Bridgestone, New Offer Amounts To About $947 Million
Bridgestone Americas, Inc. has announced in a press release that Bridgestone Retail Operations LLC, a wholly owned subsidiary of Bridgestone, has amended their Agreement and Plan of Merger dated October 26, 2015 with Pep Boys - Manny, Moe & Jack. Bridgestone will be acquiring all the outstanding common stock of Pep Boys for $17, or approximately $947 million, up from the previous offer of $15.50.
Guotai Junan's Chairman Returns, Assisted In Certain Investigations By China
Guotai Junan International Holdings Limited has announced in a filing to the Hong Kong Stock Exchange that Yim Fung, the chairman and CEO of Guotai Junan, will be resuming his duties with the company, effective December 23, 2015.
Mitsubishi Delays Delivery Of Mitsubishi Regional Jet, Several Issues Recognized
Mitsubishi Heavy Industries Ltd. (MHI) has announced in a press release that they and Mitsubishi Aircraft Corporation will be delaying the first delivery schedule of the Mitsubishi Regional Jet (MRJ).
Abercrombie Names Fran Horowitz President And Chief Merchandising Officer, Part Of Effort To Make Apparel More Attractive To Teen Shoppers
Abercrombie & Fitch Co. has announced in a press release that Fran Horowitz, the president of its Hollister brands, has been promoted to president and chief merchandising officer, a newly created position.
Mikhail Prokhorov Reaches Deal To Take Full Ownership of Brooklyn Nets And Barclays Center, Marks Loss For Forest City Enterprises
Mikhail Prokhorov, the majority owner of the Brooklyn Nets, has acquired full ownership of the team and Barclays Center from Nets Sports and Entertainment through his Onexim Sports and Entertainment Holding USA, Inc., the team said in its website.
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