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Local news sources in the area reported that the company officially closed five locations this past week, bringing the brand's number down to 25 restaurants in total.
Buzzfeed sold the First We Feast media company behind the “Hot Ones" podcast series to an affiliate group of Soros Fund Management on Thursday for $82.5 million.
BuzzFeed announced a deal to sell First We Feast, the studio behind the popular YouTube chicken-wing-eating celebrity talk show “Hot Ones,” for $82.5 million in cash to a group of investors.
BuzzFeed News states in its editorial guide that "we firmly believe that for a number of issues, including civil rights, women's rights, anti-racism, and LGBT equality, there are not two sides" but also says that "when it comes to activism, BuzzFeed editorial must follow the lead of our editors and reporters who come out of a tradition of rigorous, neutral journalism that puts facts and news ...
In 2022, shareholders urged Peretti to shut down BuzzFeed News; two anonymous sources told CNBC that BuzzFeed News lost about $10 million annually. [28] On April 20, 2023, BuzzFeed under Peretti laid off 15% of its staff and shut down the BuzzFeed News division. In an email to staff on April 20, Peretti stated that the company overinvested in ...
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Payless Shoe Source [2] RadioShack [2] Red Lobster [4] RJR Nabisco [6] Sears [2] Sports ...
According to CNN, TGI Fridays shuttered 50 locations last week before filing for Chapter 11 bankruptcy protection. The company had more than 270 locations worldwide before the closures. Now, there ...
As is normal to Chapter 11 filings, the company has secured a “commitment for debtor-in-possession financing” to support operations while working through the bankruptcy process.