It's a successful restaurant in a successful national chain of restaurants. All day, every day, people troop in, sit down and salivate over book-length menus that, had they been placed before the guests of the Sun King at his court in Versailles, would have caused them to say: "Isn't this a little over the top?
They drink, they nosh, they order, they eat, they cram dessert down on top of everything, and then they waddle off, oblivious to the battle zone a few feet away from them, on the other side of the swinging doors to the kitchen, the central front in the war on famine. There a... Read More
The Church of England announced a decision to divest from Vedanta Resources. The Church stated that ‘we are not satisfied that Vedanta has shown, or is likely in future to show, the level of respect for human rights and local communities that we expect…’ adding that maintaining investments in Vedanta ‘would be inconsistent with the Church investing bodies’ joint ethical investment policy’.
The Church’s decision is extremely unusual, as it almost always prefers a policy of ‘constructive engagement’ to divesting, and is just the latest in a string of PR disasters for the company. Activists... Read More
While the economic climate throughout the past couple of years has left an increasing number of small businesses challenged, forcing some to pull the plug on growth and expansion all together, Flip Flop Shops , North America’s first retail chain exclusive to the hottest brands and latest styles of flip flops and sandals, has defied the odds and grown its network of franchises at a record pace.
Behind the strength and experience of an executive team that boasts a combined 50 years of franchise experience – including the same group of major players who helped build such household... Read More
When I wrote the first line of code of BrooWaha about 3 years ago, I never expected this project to become what it is today. As a graduate student at Georgia Tech in Atlanta, I was merely looking for a side project to apply what I had learned in school for the past 6 years and design my first website from scratch.
About a year after the launch, it became evident that the project had become more than a nerd's toy and needed more attention than I could give it in order to grow. David Cohn joined me in the adventure at this time and brought with him his experience in journalism and new... Read More
For many entrepreneurs in the job placement services, an ever increasing supply of candidates and ever diminishing of positions might have seemed like the perfect storm. But not RiseSmart CEO and founder Sanjay Sathe."We couldn't afford to do the kind of ad campaign that TheLadders.com did," said Sathe. "So we had to find a different model and rely on word-of-mouth and viral marketing."While developing a B2B service solution had already been part of Sathe's long-term plan, the recession helped push the idea forward, with plans to leverage the company's B2C offering in order to build interest... Read More
Yesterday’s announcement that Warren Buffett, the oracle from Omaha, was buying the balance of the shares of Burlington Northern, the second largest rail carrier in the country, illustrated his philosophy of buying into an industry that he can understand. Investors in the stock of the holding company that he runs, Berkshire Hathaway, should be pleased to see Buffett make a big move with the mounds of cash at his disposal. The $44 billion price tag is the largest deal ever done by Buffett.
The railroad business in the U.S. has suffered with the general economy. However, the... Read More
In a landmark jury trial, the City of San Antonio and 172 Texas cities won $20.6 million verdict against 11 of the largest online travel booking companies, including Expedia, Travelocity, Priceline & Orbitz.
San Antonio claimed that online reservations companies charged customers sales tax based on the retail rate, though only remitted taxes to the city on the negotiated wholesale price.
The online companies had argued that they do not buy and resell rooms. Rather, they said that they negotiate a lower price, from the hotels, based on the value of the marketplace that they... Read More
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