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	<title>Chapter &#8211; USA NEWS LIVE</title>
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	<description>All About USA NEWS</description>
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	<title>Chapter &#8211; USA NEWS LIVE</title>
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		<title>Restaurant chain BurgerFi files for Chapter 11 bankruptcy</title>
		<link>https://bloggingthree.soflytech.com/2024/09/restaurant-chain-burgerfi-files-for-chapter-11-bankruptcy/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Thu, 12 Sep 2024 03:04:49 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[BurgerFi]]></category>
		<category><![CDATA[chain]]></category>
		<category><![CDATA[Chapter]]></category>
		<category><![CDATA[files]]></category>
		<category><![CDATA[restaurant]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=14517</guid>

					<description><![CDATA[BurgerFi The company filed for Chapter 11 bankruptcy on Tuesday, lower than a month after warning investors there have been &#8220;substantial doubts&#8221; about its ability to proceed operating. The company joins a protracted list of restaurant chains which have needed to file for bankruptcy to get their business back on target &#8211; from Red Lobster [&#8230;]]]></description>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">BurgerFi<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    The company filed for Chapter 11 bankruptcy on Tuesday, lower than a month after warning investors there have been &#8220;substantial doubts&#8221; about its ability to proceed operating.</p>
<p>The company joins a protracted list of restaurant chains which have needed to file for bankruptcy to get their business back on target &#8211; from Red Lobster to Buca di Beppo. In general, the restaurant industry is battling declining customer numbers and high rates of interest &#8211; each chains and independents and franchises.</p>
<p>BurgerFi, known for its higher-quality burgers, was founded in 2011. It went public in 2020 through a take care of a special purpose acquisition company, which briefly became a preferred alternative to a standard IPO resulting from its speed and fewer regulatory scrutiny. Months later, the corporate bought Anthony&#39;s Coal Fired Pizza &#038; Wings for $156.6 million.</p>
<p>According to a bankruptcy filing, BurgerFi has assets between $50 million and $75 million and total debts between $100 million and $500 million.</p>
<p>For the quarter ended April 1, BurgerFi reported revenue of $42.9 million and a net lack of $6.5 million. Sales on the burger chain of the identical name fell 13 percent.</p>
<p>With its two brands, the corporate has 162 restaurants, about half of that are operated by franchisees as of April 1.</p>
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<p><em>image credit : www.cnbc.com</em></p>
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		<title>‘Pachinko’ returns with Season 2, a more subdued but vital chapter within the series – The Mercury News</title>
		<link>https://bloggingthree.soflytech.com/2024/08/pachinko-returns-with-season-2-a-more-subdued-but-vital-chapter-within-the-series-the-mercury-news/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sat, 24 Aug 2024 15:24:23 +0000</pubDate>
				<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[Chapter]]></category>
		<category><![CDATA[Mercury]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Pachinko]]></category>
		<category><![CDATA[returns]]></category>
		<category><![CDATA[season]]></category>
		<category><![CDATA[series]]></category>
		<category><![CDATA[subdued]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=12867</guid>

					<description><![CDATA[“Pachinko,” a beautifully crafted historical melodrama, is back for its vital second season to fill in some gaps, fiddle with loose ends, and expand the story even further beyond the boundaries of Min Jin Lee&#39;s 2017 novel. It is a transitional season that ends with little resolution and gaps to be filled, and even though [&#8230;]]]></description>
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<p>“Pachinko,” a beautifully crafted historical melodrama, is back for its vital second season to fill in some gaps, fiddle with loose ends, and expand the story even further beyond the boundaries of <a href="https://www.latimes.com/podcasts/story/2021-09-27/the-times-podcast-min-jin-lee">Min Jin Lee&#39;s 2017 novel</a>. It is a transitional season that ends with little resolution and gaps to be filled, and even though it offers all of the sensual pleasures of the primary season&#39;s performances and productions, with its share of affection and death, it is rather much the center of a book.</p>
<p>Unlike the novel, which progresses chronologically, the series, which returns to Apple TV+ on Friday, alternates between the &#8220;present&#8221; &#8211; Osaka 1989 &#8211; and the unfolding story that takes us there. <a href="https://www.latimes.com/entertainment-arts/tv/story/2022-03-24/pachinko-apple-tv-review">Season 1</a> began in 1915 before the birth of essential character Sunja (Minha Kim) in Japanese-occupied Korea, then followed her through her youth as a rustic girl to a romance with the handsome, dangerous Hansu (Lee Minho). An unexpected pregnancy led to a wedding of convenience, later of affection, to Isak (Steve Sanghyun Noh), a Christian preacher; together they moved to Osaka to hitch his brother Yoseb (Junwoo Han) and his wife Kyunghee (Eunchae Jung), where they became Zainichi, the term for Koreans living in Japan—a population that faces severe discrimination. (The current season is rife with prejudice, almost as a reminder of what the primary season firmly established.)</p>
<p>This storyline took us to 1938. The recent season begins in early 1945 (skipping much of the novel), and times are difficult as Japan anxiously prepares for an American attack; Sunja and Kyunghee are scraping by selling kimchi and the cabbage is sort of gone. Sunja&#39;s children, Noa (Kang Hoon Kim), her son with Hansu, and Mozasu (Eunseong Kwon), her son with Isak, have grown up accordingly. Noa, who doesn&#8217;t know his biological father and takes after his adoptive father, is shy and studious; Mozasu is brash and unwilling to check; Isak is in prison after being arrested for sedition last season; Yoseb is working in a munitions factory in Nagasaki, which should cause a stir. But a friendly recent character, Mr. Kim (Kim Sungkyu), is helpfully hanging around, and Hansu, who keeps an eye fixed on them from near and much, will come back and get entangled.</p>
<p>(The Nagasaki sequence that opens the fifth episode is shot in standard format black and white before switching back to paint and widescreen after the bomb is dropped. The opening credits that follow omit the standard upbeat shots of the forged dancing to the Grass Roots&#39; &#8220;Let&#39;s Live for Today&#8221; since it&#39;s inappropriate. Understandably.)</p>
<p>Almost the entire capital of the 1989 story was spent in the primary season, showrunner <a href="https://www.latimes.com/entertainment-arts/awards/story/2022-05-25/pachinko-family-saga-celebrates-place">Come on, Hugh</a> needed to create recent material to maintain the characters busy while the sooner narrative catches up. (At the tip of the season, they still have three many years to go.)</p>
<p>Older Sunja (<a href="https://www.latimes.com/entertainment-arts/movies/story/2021-02-12/minari-yuh-jung-youn-grandmother">Yuh-Jung Youn</a>) still lives in Osaka together with her successful son Mozasu (Soji Arai), who now owns pachinko parlors &#8211; a form of pinball machine with slot machines &#8211; and a somewhat shady if popular business that was one among the few opportunities open to Koreans on the time. (Mozasu himself, a significant character within the last season, is essentially absent from this season.) Mozasu&#39;s son Solomon (Jin Ha), who studied in America, lives in Tokyo and works in high finance and real estate. In season 1, he had tried to lure an old woman out of her house within the hopes of constructing a golf resort on the property and impressing his bosses; he ended up advising her to not sign the papers, but in the present season, unfortunately, he&#39;s back on that horse and has had an entire moral relapse. (I discovered the main points of Solomon&#39;s business dealings somewhat hard to follow, or possibly just not definitely worth the effort.)</p>
<aside class="related left"></aside>
<p>This authoritarian troublemaking might be expressed within the old Hollywood phrase: &#8220;Boy meets girl, boy loses girl, boy gets girl, boy loses girl, boy gets (possibly another) girl,&#8221; and so forth, whether or not we&#39;re actually talking about girls and boys. It&#39;s a well-known problem with ongoing original series, where recent conflicts should be created yearly. You expect it to steer to a different probability at redemption in some unspecified time in the future &#8211; the show is simply too sentimental, too good-hearted, not to offer him that probability.</p>
<p>And after all we learn enough about good old Solomon to justify our interest, just as we learn enough about good old Hansu to balance out his criminality. Parts of Solomon&#39;s story, which feature some unsavory characters, feel like a deliberate mirror image of Hansu&#39;s story; perhaps not coincidentally, they&#8217;re played by the show&#39;s best-looking actors. As for Sunja&#39;s recent, extra-textual adventures, she is going to strike up a friendship with a person on the supermarket that may enable a fascinating scene at a Mexican restaurant, something seemingly recent in 1989 Osaka.</p>
<p>Although historical events are acknowledged (World War II and the Korean War fall in the sooner timeline, and within the later one the Japanese asset price bubble and crash are on the horizon), the present season focuses on family life and domestic details, even when, or perhaps because, it&#8217;s disrupted. In 1989, Sanju travels alone from Osaka to Tokyo to examine on her grandson, who she senses will not be well. There is a stunning scene where she chops vegetables alongside Solomon&#39;s Japanese lover and former colleague Naomi (Anna Sawai); I almost wrote &#8220;throwaway scene,&#8221; but in truth this naturalism is important to the series, because it turns the extravagant, almost soap-operatic plot into something real.</p>
<p>And food, often scarce in the sooner plot, plays a job—making a meal, earning a living, making a place on the table, making a home—most tangibly in a barn that Sanju, Kyunghee, Noa, Mozasu, and Mr. Kim inhabit at the tip of the war. (Hansu&#39;s tragedy is that, whether he knows it or not, he stays an outsider at the same time as he supports the family.) The characters speak about a &#8220;life well lived,&#8221; which is certainly not the identical as living well.</p>
<p>Obviously this isn&#39;t the season to start out with Pachinko, but in case you haven&#39;t already, it&#39;s value starting initially. Even in case you&#39;ve seen the primary season—which I assume you might have, because you&#39;ve read this far—it could be value having a look back to remind yourself who all these characters are, what they&#39;re related to one another, and the difficulty they&#39;ve gotten into and out of before. And if the brand new season lacks the explanatory energy of the primary, if it&#39;s more muted in tone, if Sunju isn&#39;t quite the ray of sunshine she once was, her older self will still have a probability here to say she&#39;s had a life well lived.</p>
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<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Bochy and Melvin write a brand new chapter of their long history</title>
		<link>https://bloggingthree.soflytech.com/2024/06/bochy-and-melvin-write-a-brand-new-chapter-of-their-long-history/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Sat, 08 Jun 2024 00:22:04 +0000</pubDate>
				<category><![CDATA[Sports]]></category>
		<category><![CDATA[Bochy]]></category>
		<category><![CDATA[Chapter]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[long]]></category>
		<category><![CDATA[Melvin]]></category>
		<category><![CDATA[write]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=5709</guid>

					<description><![CDATA[ARLINGTON, Texas &#8212; As Bruce Bochy watched Bob Melvin move from one National League West team to a different this winter, he shared the identical commentary as many Giants fans who remembered their beloved former captain making the identical move a decade earlier. &#8220;He may have mentioned that I follow some of the places he&#39;s [&#8230;]]]></description>
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<p>ARLINGTON, Texas &#8212; As Bruce Bochy watched Bob Melvin move from one National League West team to a different this winter, he shared the identical commentary as many Giants fans who remembered their beloved former captain making the identical move a decade earlier.</p>
<p>&#8220;He may have mentioned that I follow some of the places he&#39;s gone,&#8221; Melvin said Friday before his Giants opened their series against Bochy&#39;s latest club, the Texas Rangers, quoting a few of his predecessor&#39;s words when he took the job in November.</p>
<p>&#8220;More than anything, it was just, &#39;Hey, I&#39;m happy for you to be home. Go get her.&#39;&#8221;</p>
<p>Bochy left the Padres in 2006 and commenced a 13-year reign in San Francisco the next yr, winning three World Series championships. After years as a manager across the bay, Melvin took over the Padres in 2021 and followed the identical path as Bochy on the coast just two years later.</p>
<p>It wasn&#39;t the primary time the 2 baseball lifers had walked parallel paths, but typically they ended up in opposite dugouts.</p>
<p>By meeting this weekend at Globe Life Field, Melvin, 62, and Bochy, 69, added one other venue and one other pair of uniforms to their long history.</p>
<p>&#8220;Bob and I have managed against each other a lot over the years,&#8221; Bochy said. &#8220;We&#39;ve been at it for a long time.&#8221;</p>
<p>&#8220;I managed against him back in Arizona. I may have even seen him somewhere in Seattle,&#8221; said Melvin, recognizing a pattern. &#8220;So we&#39;ve been doing this together for a long time.&#8221;</p>
<p>Bochy began his managerial profession in San Diego in 1995, when he was 40 years old. Melvin was 41 when he was named manager of the Mariners in 2003. Decades later, the 2 men are still within the business and now occupy the highest two spots on the list of most successful energetic managers.</p>
<p>Bochy&#39;s 2,123 wins rank him seventh all-time; Melvin&#39;s 1,547 rank twenty fifth. Next on the list, also from the NL West, is Bud Black, who&#8217;s greater than 400 wins behind Melvin.</p>
<p>Excluding their playing days, when each served as backup catchers for rivals within the NL West, the game&#39;s two most experienced coaches have faced one another 154 times within the regular season through this weekend. They have been intra-league rivals twice, intra-league opponents twice and regular opponents quite a few times.</p>
<p>In the 18 years they shared two of the 30 coaching chairs within the majors, Melvin defeated Bochy 84-70, including a 28-25 margin within the 10 years they faced one another within the annual Bay Bridge Series.</p>
<p>&#8220;It&#39;s always cool to be on the same field with him, in the opposing dugouts,&#8221; Melvin said. &#8220;But I try not to say, &#39;OK, I&#39;m coaching against him.&#39; I try not to face him. I try to do my thing with our team. The cool thing was that the A&#39;s and the Giants and the Bay Area always had a little more momentum.&#8221;</p>
<p>When asked whether there can be a further duel against his former club on this yr&#39;s encounter, Bochy answered with reservations.</p>
<p>He processed most of his memories of his time in San Francisco last yr when he traveled there for the primary time.</p>
<aside class="related right"></aside>
<p>&#8220;You know what, it&#39;s always nice to see old friends,&#8221; Bochy said. &#8220;Time has flown by. I&#39;ve been here a year and a half. Last year we played in San Francisco. I&#39;m going to meet up with some of the guys. Those were great memories. I had some great friendships there and some still exist.&#8221;</p>
<p>The Rangers had a 69-47 record after they got here to Oracle Park last yr and won the World Series, adding a fourth ring to Bochy&#39;s collection. More than a 3rd of the best way through the season, nonetheless, injuries and poor performance have left them in the identical position because the Giants, hanging around .500.</p>
<p>&#8220;I think it&#39;s fair to say&#8221; that there are parallels between the 2 clubs, Bochy said. &#8220;Both are trying to get on track, to get on a good run or to achieve some consistency. &#8230; we&#39;re both trying to win games. Both teams haven&#39;t quite found their rhythm yet.&#8221;</p>
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<p><em>image credit : www.mercurynews.com</em></p>
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		<title>Red Lobster files for Chapter 11 bankruptcy protection</title>
		<link>https://bloggingthree.soflytech.com/2024/05/red-lobster-files-for-chapter-11-bankruptcy-protection/</link>
		
		<dc:creator><![CDATA[chandankumarsoft]]></dc:creator>
		<pubDate>Mon, 20 May 2024 13:38:08 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Chapter]]></category>
		<category><![CDATA[files]]></category>
		<category><![CDATA[Lobster]]></category>
		<category><![CDATA[protection]]></category>
		<category><![CDATA[Red]]></category>
		<guid isPermaLink="false">https://bloggingthree.soflytech.com/?p=3991</guid>

					<description><![CDATA[Red Lobster has filed for Chapter 11 bankruptcy protection and is constant the method to shrink its footprint and discover a buyer, the corporate said in a press release. The seafood chain also said it had received a so-called stalking horse offer from its existing lenders to purchase the corporate unless the next offer got [&#8230;]]]></description>
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<p>Red Lobster has filed for Chapter 11 bankruptcy protection and is constant the method to shrink its footprint and discover a buyer, the corporate said in a press release.</p>
<p>The seafood chain also said it had received a so-called stalking horse offer from its existing lenders to purchase the corporate unless the next offer got here along. </p>
<p>CNBC reported last month that Red Lobster was looking for a buyer as the corporate was burdened by heavy debt and long-term leases.  The company recently appointed a restructuring expert &#8211; Jonathan Tibus, managing partner of consulting firm Alvarez &#038; Marsal &#8211; as CEO.</p>
<p>In a filing, Tibus blamed &#8220;a difficult macroeconomic environment, a bloated and underperforming restaurant footprint, failed or ill-advised strategic initiatives, and increasing competition within the restaurant industry&#8221; for forcing the chain to file for Chapter 11 protection.</p>
<p>Red Lobster currently operates 551 locations within the United States and 27 restaurants in Canada.  The <a href="https://www.nbcnews.com/business/consumer/red-lobster-closing-50-locations-what-cities-why-rcna152159" target="_blank" rel="noopener">Chain closed</a> 93 poorly performing locations as of May thirteenth.  The company employs 36,000 people, most of whom work part-time.</p>
<p>Orlando-based Red Lobster has assets between $1 billion and $10 billion and estimated liabilities between $1 billion and $10 billion, based on its bankruptcy filing.  The biggest creditor is the distributor <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">Performance Food Group<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>that claims the corporate owes it $24.4 billion.</p>
<p>“This restructuring is the best path forward for Red Lobster,” <a href="https://www.prnewswire.com/news-releases/red-lobster-files-voluntary-chapter-11-petitions-to-strengthen-financial-position-and-maximize-value-for-stakeholders-302149769.html" target="_blank" rel="noopener">He said to you</a> in a press release late Sunday.  “It allows us to overcome various financial and operational challenges and emerge stronger and refocus on our growth.  The support we have received from our lenders and suppliers will help ensure we can complete the sales process quickly and efficiently while remaining focused on our employees and guests.”</p>
<p>Red Lobster was founded in 1968 and purchased by <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-5">General Mills<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>    two years later.  In 1995, General Mills spun off its restaurant division into <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-6">Darden Restaurants<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"></span></button></span></span></span>which also housed its sister chain Olive Garden.</p>
<p>Nearly 20 years later, Darden sold Red Lobster to personal equity firm Golden Gate Capital.  Thai Union Group, a seafood purveyor and considered one of the chain&#39;s longtime sellers, bought a stake in Red Lobster in 2016.  By 2020, Thai Union, members of Red Lobster management and investors under the pseudonym Seafood Alliance purchased Golden Gate&#39;s remaining stake within the chain.</p>
<p>Although Red Lobster survived the pandemic, its business has struggled since then.  The chain&#39;s traffic has declined about 30% since 2019, based on its bankruptcy filing.</p>
<p>The company&#39;s longtime CEO, Kim Lopdrup, also retired in 2021, triggering a CEO turnover that left the chain with little stability to get its flagging business back on course.  Tibus is Red Lobster&#39;s third CEO in as a few years.</p>
<p>In fiscal 2023, the corporate reported a net lack of $76 million.  Part of this loss was resulting from the disastrous promoting of Endless Shrimp.  Last yr it switched from once per week to each day to spice up weaker sales within the second half of the yr.  But the offer put an excessive amount of strain on business as guests searched for bargain deals, putting pressure on Red Lobster&#39;s bottom line.</p>
<p>According to a court filing, the ill-conceived scheme&#39;s real goal can have been to spice up Thai Union&#39;s own sales.  Red Lobster, under the leadership of interim CEO Paul Kenny, divested itself of two of its shrimp suppliers, leaving Thai Union as the only supplier of the shellfish.  According to the filing, this decision resulted in higher costs for Red Lobster.  The debtors are also investigating whether Thai Union and Kenny excessively pushed for in-store promotions, which frequently led to major shortages of shrimp.</p>
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