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FORGOTTEN HISTORY: 2 | History Defined

UK arthouse cinema chain snapped up by private equity giant behind Poundstretcher

350 jobs have been secured in the deal

The Independent UK

Curzon cinema chain acquired by Poundstretcher owner Fortress

US private equity group buys company’s 16 UK cinemas, distribution arm and online streaming service

The Guardian - UK

Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain's sale

After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection

The Independent UK

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Three corkers from Majestic’s own-label range

Hats off to Majestic, they are about the last bricks-and-mortar off-licence chain standing

The Guardian - UK

Sega Sammy Sells Seagaia Resort Complex To Fortress Investment Group

Sega Sammy sells Seagaia resort to Fortress Investment Group, refocusing on video game industry strengths. Strategic move in the entertainment sector.

Top News

52-Week Highs and Lows: Buy These 3 Stocks From Wednesday’s Good News/Bad News Kind of Day

The NYSE and Nasdaq had 75 52-week highs and 109 52-week lows. The good news is that the NYSE had more highs than lows on Wednesday, while the Nasdaq did not.

Barchart

Poundstretcher sold to Majestic Wine owner Fortress

US investment firm snaps up UK discount retail chain ‘with huge potential’ for undisclosed sum

The Guardian - UK

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Swan raises $40 million to build out institutional offerings such as Bitcoin-backed lending

The company led by Cory Klippsten has quietly become one of the largest in crypto through its Bitcoin-only approach.

Fortune

Intel Wins Appeal on VLSI Case, $2.18B Judgement Reversed

A U.S. appeals court on Monday overturned a 2021 patent infringement ruling against Intel that awarded patent holding company VLSI $2.18 billion over multiple patent violations. In a two-part decision, the court reversed a previous verdict that found that Intel violated a frequency management patent, while affirming the violation of…

AnandTech

Fortress CEO Scott Purcell steps down after crypto custodian’s sale to Ripple falls through

The crypto custodian was the victim of a multimillion-dollar hacking incident in September.

Fortune

Ripple Withdraws From Fortress Deal, Gains Spot On NBG List

CEO Brad Garlinghouse announces significant developments for Ripple, including the withdrawal from Fortress acquisition and inclusion in NBG's exclusive list.

Zenger

Fortress CEO says hackers stole up to $15 million, mostly in Bitcoin, prior to Ripple acquisition

The crypto custodian had previously not disclosed the extent of the hack.

Fortune

Ripple's deal for Fortress included a bailout for customers who had been hacked

A crypto custody firm called Fortress getting hacked shows yet again how unserious the industry is about cybersecurity.

Fortune

Vice Media to be acquired by Fortress-led lender group for $350m

Vice Media filed for bankruptcy protection last month in a move that capped years of financial difficulties.

Al Jazeera

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TV Tech

Bankruptcy Court Approves Vice Media Sale to Lenders

The lenders acquiring Vice include the Fortress Investment Group, Soros Fund Management and Monroe Capital

PC Gamer

Intel scores a rare win in multi-billion dollar rollercoaster lawsuit that'll make you say 'Is this really what patent law is like?'

Strap in, this is patent law at its most absurd.

The Guardian - UK

Vice Media close to deal for sale out of bankruptcy

Rescue deal for publisher would wipe out existing shareholders, including James Murdoch

Axios

Vice Media preparing to file for bankruptcy

The once high-flying media venture is now trying to sell itself from under a mountain of debt.

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Glasgow Live

OAP Lanarkshire businessman pocketed £50,000 taxpayer backed loan for 'own benefit'

Thomas Whyte applied for the Bounce Back Loan intended to support businesses through the covid pandemic for his dormant company with just £203 in it's bank account.

Daily Record

Craig Whyte's dodgy dad banned from being company director after fraud probe

Thomas Whyte used Fortress Restructuring to cheat taxman and rob staff of redundancy money. He also wrongly claimed a £50,000 Bounceback Loan. He was slapped with a 10 year directorship ban.

Bristol Post

Bristol Rovers CEO addresses ticketing issues at the Mem and prospect of early kick-off times

Bristol Rovers CEO Tom Gorringe discussed the matter in his programme notes prior to the 2-1 win over Cambridge United

Birmingham Post

Majestic on the hunt for 76 new locations across the UK

The wine retailer is offering a year’s supply of wine to customers that can help source the perfect new site

The Independent UK

Wine retailer Majestic eyes 76 UK locations amid expansion plans

Majestic said it has opened two new stores, in Haywards Heath and Godalming, over the past month.

The Independent UK

US testing new fire retardant, critics push other methods

U.S. officials are testing a new wildfire retardant after two decades of buying millions of gallons annually from one supplier, but watchdogs say the expensive strategy is overly fixated on aerial attacks at the expense of hiring more fire-line digging ground crews

Edinburgh Live

Edinburgh set for first Premier Suites as owners plan city centre property 'transformation'

Work will soon get underway on the new accommodation which is situated five minutes' walk away from Haymarket station, with the first phase of renovation due to complete by January 2023.

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