Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks. Fat Brands, Wiederhorn and a few other people were criminally indicted by a federal grand jury in Los … Read more
In this composite image a comparison between Former Boxer Mike Tyson (L) and Jake Paul (R). Tyson and Paul face in July 2024 exhibition fight. Francois Nel | Christian Petersen | Getty Images Mike Tyson’s return to the boxing ring to fight Jake Paul this summer is already seeing soaring ticket prices and strong bettor … Read more
People work out at a Planet Fitness in Alexandria, Virginia, Jan. 8, 2024. Leah Millis | Reuters Planet Fitness said it’s hiking its base-level membership prices for new customers for the first time since 1998, even as the gym operator warns that customers are growing increasingly cost-conscious. Classic card membership will be priced at $15 … Read more
A new strategy has emerged in the battle to ban smoking in casinos: the shareholder vote. Shareholders at Boyd Gaming, Bally’s Entertainment and Caesars Entertainment will put on the ballot at the respective casino companies proposals to force them to study the costs associated with permitting smoking indoors — and whether going smoke-free could save … Read more
Connected fitness company Hydrow, which Peloton once tried to buy, is growing sales and has acquired a majority stake in strength training company Speede Fitness as gymgoers move away from cardio exercises in favor of weights, the company told CNBC on Thursday. Hydrow also announced that its CEO and founder Bruce Smith will step back … Read more
A Big Mac is displayed on a page of the McDonald’s app Daniel Acker | Bloomberg | Getty Images McDonald’s U.S. franchisees will start paying into a digital marketing fund next year as the fast-food giant looks to expand its booming digital business, according to a memo viewed by CNBC on Thursday. The change is … Read more
The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York City. Michael M. Santiago | Getty Images A New York beauty store just blocks away from the Empire State Building resold more than $1 million worth of goods that’d been stolen from Macy’s and a … Read more
Applebee’s and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu prices. The company reported first-quarter earnings that fell short of Wall Street’s estimates, and both Applebee’s and IHOP’s same-store sales shrank more than expected. Still, Dine reiterated its full-year outlook and said sales have improved … Read more
As Ulta Beauty says it expects a slowdown in retail’s most resilient category, an upstart says it’s bucking the trend. Oddity Tech – the newly public Israeli cosmetics platform that uses AI to develop products — posted first quarter results that blew past expectations and raised its full-year guidance. Here’s how the beauty retailer behind … Read more
Ben Johns and Anna Bright play pickleball at the new Life Time at Penn 1 next to Madison Square Garden in New York City on May 4, 2024. Mike Stobe | Getty Images Life Time fitness is all in on pickleball. That commitment to America’s fastest-growing sport was clear in New York City on Saturday, … Read more
