Italian restaurant chain Buca di Beppo files for Chapter 11 bankruptcy
Italian restaurant chain Buca di Beppo filed for Chapter 11 bankruptcy protection on Monday, citing declining sales, rising food and labor costs and staffing shortages. The Florida-based company, known for its family-style meals, is the latest restaurant company to file for bankruptcy this year, joining Red Lobster and Rubio’s Coastal Grill, among others. According to […]
Major furniture chain Badcock to shut all its stores after 120 years
The 120-year-old furniture chain is closing all 380 stores after its parent company filed for bankruptcy, the latest in a string of brick-and-mortar businesses to collapse under high overhead and huge debt loads. Badcock Home Furniture & More, which has stores across the South, announced a “closing down sale” on Tuesday. The company was acquired […]
NFL a step closer to ditching ‘chain gang’ with preseason tech tests
The NFL may finally be moving into the 21st century when it comes to measuring first downs. The NFL, which has long relied on the “chain gang” to determine whether the football has cleared the first-down marker, will test the Hawk-Eye system used in tennis in preseason games this year ahead of a possible full-scale […]
Chinese suppliers protest hefty Temu fines, potential supply chain overhaul
Dozens of Chinese traders stormed into the parent company’s offices in Guangzhou this week to protest against Tem’s increasingly tough fines policy. Frustrated suppliers claim the affordable online marketplace, which sells everything from $10 dresses and sneakers to $15 mattresses, is fining Chinese merchants with increasing frequency. about 80 merchants entered the office He was […]
NY mom horrified to find 4-year-old daughter’s Burger King meal splattered with blood, fast food chain ‘deeply upset and concerned’
A New York mother was horrified when she discovered blood splattered on the Burger King kid’s meal she ordered for her daughter. Tiffany Floyd took her 4-year-old child through a fast food drive-thru in Getzville, New York, on Friday around 12 p.m. and was shocked to find her food covered in red liquid. “All I […]
Coffee prices poised to surge again on supply chain disruptions
Coffee drinkers hoping for relief from rising prices will be in for disappointment as supply chain disruptions and rising labour costs are expected to make coffee even more expensive. The price of arabica, the premium coffee bean favored by Starbucks, rose to $2.32 a pound last month, up 64% from June 2020, when it was […]
$1,640,000,000 in Crypto Assets Lost on BNB Chain Since Launch, Says Bug Bounty Platform Immunefi – The Daily Hodl
New data from bug bounty platform Immunefi has revealed that approximately $1.7 billion in crypto assets have been leaked on the BNB chain since its inception in September 2020. A new research paper reveals that To tell The BNB Chain has experienced hundreds of fraud and security incidents since its launch nearly four years ago. […]
Home-improvement chain LL Flooring mulls bankruptcy: report
A major U.S. flooring supplier with more than 400 stores that was exposed in 2015 by “60 Minutes” for using unsafe materials is reportedly considering a possible bankruptcy filing. LL Flooring Holdings, formerly Lumber Liquidators, is likely to file within the next few weeks. A source told Bloomberg.The company is the latest to be buffeted […]
Chinese company Shein plans to expand in US supply chain, poses cybersecurity risk: experts
Chinese fast fashion giant Shein is considering expanding its supply chain across the United States, but experts warn the company’s plans could pose serious cybersecurity risks. The primarily online retailer, known for its cheap, trendy fashion items and valued at $66 billion in March, plans to sell its supply chain technology to global companies, and […]