article thumbnail

Bahama Breeze closing: See the list of shuttered locations as Olive Garden parent Darden Restaurants mulls sale

Fast Company Tech

Caribbean-inspired restaurant chain Bahama Breeze has an uncertain future. Now, the organization has announced it won’t be “putting a lot of investment” into the remaining 28 Bahama Breeze locations and aims to sell the brand. Here’s what to know: What has Darden said about Bahama Breeze?

article thumbnail

FTX founder Sam Bankman-Fried has been arrested in the Bahamas

TechCrunch

Sam Bankman-Fried has been arrested by The Royal Bahamas Police Force following reports that the United States filed criminal charges against the founder and former CEO of cryptocurrency exchange FTX , and is likely to request his extradition. He has repeatedly claimed ignorance of any wrongdoing.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Shake Shack’s new Atlanta restaurant pours cocktails with your burger

Fast Company Tech

Shake Shack says the inspiration behind the full bar came from the Shake Shack’s licensing partners, who have already experimented with the format at the Denver airport and the Atlantis luxury resort in the Bahamas. The chain’s expansion plans come as sales continue to swing upward, with total revenue increasing 15% to $1.25

article thumbnail

HBO Max will launch internationally in June

The Verge

HBO Max will finally make its international debut in June, with the streaming service set to launch in Latin America and the Caribbean. The Latin America rollout is just the first phase of HBO Max’s international debut. Illustration by Alex Castro / The Verge. Currently, HBO Max is only available in the United States.

article thumbnail

Daily Crunch: US law enforcement charges SBF with fraud as he awaits extradition after Bahamas arrest

TechCrunch

Trading suits for stripes : After much fodder all over the place of why Sam Bankman-Fried was not behind bars sooner for his involvement in the collapse of FTX, Darrell reports that SBF was arrested in the Bahamas amid fraud charges brought by several U.S. In this case, Romain writes about why Checkout‏‎.com lowered its internal valuation.

article thumbnail

Sam Bankman-Fried launches Substack: ‘I didn’t steal funds, and I certainly didn’t stash billions away’

TechCrunch

I believe that, had FTX International been given a few weeks, it could likely have utilized its illiquid assets and equity to raise enough financing to make customers substantially whole.”. judge released Bankman-Fried on a $250 million bail bond after he was extradited to America from the Bahamas. Last month, a U.S.

article thumbnail

FTX processed billions monthly in Africa before going bust

TechCrunch

Most FTX customers have been unable to withdraw their funds from the platform as the Bahamas-headquartered company goes through bankruptcy proceedings. He acknowledged that Nestcoin held assets, which the Financial Times pegs at $4 million, in the bankrupt crypto exchange platform FTX to manage operational expenses.