Tuesday, June 13, 2017

Tuesday's Sunset

Red sky at nite, sailor's delight?

"The parent company of one of Boston’s best-known tap rooms has filed for bankruptcy protection. Sunset Partners Inc. — the parent company of Allston’s popular Sunset Grill & Tap — has filed for protection under Chapter 11 of the federal Bankruptcy Code. The decision was prompted by concerns that the Department of Revenue would take action because of uncollected back taxes totaling approximately $500,000, according to David Madoff, attorney for Sunset Partners. Patrons needn’t worry too much, however, as the bankruptcy filing won’t affect service in the near future. The bar’s extensive craft-beer menu — more than 100 on tap, another 150 in bottles — will still be available and there are no current plans for downsizing. “The business still operates well day-to-day and sales are good,” said Madoff. “We just have to deal with some of this debt.” Sunset Grill & Tap and its sister establishment Sunset Cantina were purchased from founder Marc Kadish in 2014 by Ara Balikian and longtime Boston restaurateur Marc Berkowitz (right), brother of Legal Sea Foods president and CEO Roger Berkowitz. Much of the debt listed in the bankruptcy filing can be traced to that transition, said Madoff. “A lot of the debt relates back to the purchase from the prior owner, and early attempts to clean up past problems,” he said. In addition to the debt owed to the DOR, $4.2 million is owed to Hamilton Realty, the primary lender to Sunset Partners......"

I suppose you can always raise one in their memory.

"Smirnoff vodka has a new ad campaign that references the investigation into Russian interference in last year’s US presidential campaign. Pictures of bus stop and billboard ads have been posted to social media. The ad reads: ‘‘Made in America, but we’d be happy to talk about our ties to Russia under oath.’’ Former FBI director James Comey testified under oath that he believes he was fired by President Trump because of the Russia investigation, which Trump has called ‘‘a witch hunt.’’ Trump now says he’s willing to testify under oath. Smirnoff has been made in America for decades but its roots go back to Russia."

I don't drink, but if I did it would be Smearnoff.

"Children’s clothing retailer Gymboree Corp. is filing for Chapter 11 bankruptcy protection, the latest sign of traditional retailers’ struggles as shoppers shun stores and buy online. The San Francisco-based company says it is seeking to reduce its debt by $900 million. It expects to operate its business and majority of its 1,300 stores during the restructuring. Gymboree is the latest retailer to file Chapter 11, close stores, or go out of business entirely in 2017. Shoe chain Payless ShoeSource filed for bankruptcy protection in April and The Limited closed all 250 of its remaining stores early this year. Teen retailer Wet Seal in January said it would close its 171 stores. Gymboree says it secured $35 million in new financing to keep the company operating through the Chapter 11 process...."

Ran out of fuel by the end of it.

Ousted Uber executive is said to blame board, not his own actions

He should be ashamed of himself; however, poetic justice left him looking for a Lyft!

(The boat ran aground and capsized)

So did you get the job, and what is it anyway?