Cracker Barrel is exiting its Maple Street Biscuit Company business by selling the brand and assets of 35 locations to Biscuit Belly LLC and closing the remaining 16 restaurants. Additionally, it completed a sale-leaseback deal on 26 company-owned locations, raising about $77 million to reduce debt. These moves aim to sharpen focus on Cracker Barrel's core brand and improve profitability amid ongoing challenges, including backlash from a failed rebranding attempt. Biscuit Belly plans to convert the acquired Maple Street locations into its own restaurants, expanding its footprint significantly over the next few years.
Frasers Group PLC has increased its ownership in German fashion brand Hugo Boss to 47.89% following the close of its voluntary takeover offer. The company secured valid acceptances for over 12 million shares, representing about 17.62% of Hugo Boss's ...
Bitcoin remains near $64,000 amid market uncertainty, holding its role as crypto's benchmark with strong institutional support. Ethereum fell below $1,900 but attracted $103.9 million in U.S. ETF inflows, signaling resilient demand. Solana upgraded i...
Google has won a $10 million bankruptcy auction for Spirit Airlines' internal business data and software, which includes around 100 million emails and 500 million Microsoft Teams messages. The data will be used to improve Google's products and AI mod...
The U.S. SEC is reviewing a proposal to repeal Regulation NMS Rule 611, which currently prevents trades at prices worse than the National Best Bid and Offer (NBBO). The Hyperliquid Policy Center and Douro Labs support the repeal, arguing the rule is ...
Circle's euro-backed stablecoin EURC has surpassed €400 million in circulation after more than doubling its supply over the past year. The token is now supported across major blockchains, exchanges like Coinbase and Kraken, payment networks including...
