Drew Nieporent opened his first New York restaurant at 29. Now with the release of his new memoir, the 70-year-old hospitality mogul reflects on partnering with Robert DeNiro, astronomical dinner prices and the key to opening a successful restaurant. (Photo: Gary Gershoff via WireImage) https://t.co/LYUgUNHHEb ...

Group 1 - Green Rain Energy Holdings announces the deployment of next-generation EV charging stations [1] - The charging stations will be installed at Marriott Albany and Saratoga Springs Hilton [1] - Both hotels are operated by Driftwood Hospitality Management [1]

Core Insights - MedX Holdings is expanding its franchise operations with five new locations, including two in Texas and three in Maryland, alongside a flagship store in Las Vegas [1][2][3] Franchise Expansion - The new franchise locations include Houston and San Marcos in Texas, with projected openings in Q1 2026, and a signed development agreement for three locations in Maryland, marking the first multi-unit commitment in the Mid-Atlantic region [2] - The Las Vegas flagship store is set to open in early 2026, with deposits already submitted for architectural and HVAC build-out requirements [3] Strategic Positioning - CEO Hans Enriquez emphasized that the expansion is about positioning the brand at the intersection of culture, cannabis, and compliance, with the Las Vegas store serving as a statement piece for the Lazydaze brand [4] Revenue Growth Potential - The addition of these franchises is expected to generate future recurring revenue, enhancing the company's ability to scale operations across the nation [4][6] - The company anticipates surpassing its $1.5 million revenue target for FY25, driven by new store openings and market momentum in Texas and New Mexico [7] Integrated Platform Approach - MedX is building a platform that includes Lazydaze +Coffeeshop, a cannabis-native point-of-sale system (Leaf-trak), and an e-commerce engine (Smart Brand Digital) to support franchisees and corporate locations [5] Investor Appeal - The MedX model is described as capital-efficient, franchisable, and technology-enabled, targeting strategic partnerships to enhance deployment and distribution while creating long-term shareholder value [8]

The Luxury Hotel Where Your Room Comes With A Side Of Giant Tortoises https://t.co/Z3Yl75CLBz https://t.co/VA9wjRMzB8 ...

Core Insights - Bit Soft, a leading provider of integrated hospitality technology in Romania, Hungary, France, and Bulgaria, has joined Volaris Group to support its long-term growth ambitions [1][3] - The acquisition allows Bit Soft to benefit from Volaris's global network and operational expertise while maintaining its autonomy and entrepreneurial culture [3][5] Company Overview - Bit Soft was founded in 1994 and specializes in integrated solutions for hotels, restaurants, and hospitality chains, offering products like Oracle and Protel property management systems, Simphony POS systems, and its proprietary Breeze restaurant management system [2][6] - The company serves major international and local brands, including Burger King, KFC, Subway, Pizza Hut, City Grill, and Ana Hotels [2][6] Strategic Goals - The acquisition is driven by Bit Soft's momentum to deepen its market presence and pursue geographic expansion [3][5] - Bit Soft aims to become one of the leading players in Europe, leveraging Volaris's resources to enhance its organizational maturity and innovation capabilities [4][5] Volaris Group Overview - Volaris Group focuses on acquiring, strengthening, and growing vertical market technology companies, operating under a buy-and-hold-forever philosophy [7] - The acquisition of Bit Soft reflects Volaris's commitment to investing in mission-critical software businesses within the foodservice and hospitality sectors [5][7]

Core Viewpoint - RCI Hospitality Holdings, Inc. is under investigation for potentially issuing misleading business information, following allegations of bribery involving its executives and a New York state auditor, which has led to a significant drop in its stock price [1][3]. Group 1: Investigation and Allegations - The Rosen Law Firm is investigating potential securities claims on behalf of shareholders of RCI Hospitality Holdings due to allegations of materially misleading business information [1]. - Allegations include that top executives of RCI Hospitality Holdings bribed a New York state auditor with trips and lap dances to avoid paying taxes, as reported by The New York Times [3]. Group 2: Stock Impact - Following the news of the bribery allegations, RCI Hospitality Holdings' stock experienced a decline of 16% on September 16, 2025 [3]. Group 3: Legal Actions - The Rosen Law Firm is preparing a class action lawsuit to seek recovery of investor losses, allowing affected shareholders to join without upfront costs [2].

Group 1: Wealth Growth in India - The number of wealthy households in India has nearly doubled since 2021, reaching 871,700, representing 0.31% of all households [1] - Confidence in India's economic growth is high, with 83% of wealthy households optimistic about the next three years [1] - The increase in wealth is attributed to GDP growth, stock market gains, the emergence of new billionaires, and rising gold prices [1] Group 2: Regional Wealth Distribution - Maharashtra leads with 178,600 millionaire households, driven by Mumbai's 142,000 [2] - Delhi has 68,200 millionaire households, while Bengaluru has 31,600 [2] Group 3: Investment Preferences - Stocks, real estate, and gold are the primary investment choices for wealthy households [2] - Digital payments are dominated by UPI [2] Group 4: Spending Habits - Approximately 60% of wealthy households spend under ₹1 crore annually, primarily on tourism, education, and entertainment [3] - Paying taxes is viewed as the top social responsibility by 30% of respondents [3] Group 5: Luxury Spending - In jewelry, 75% of wealthy individuals prefer natural diamonds, with Tanishq leading in India [4] - Rolex is the dominant brand in luxury watches, while Gucci and Louis Vuitton are the top accessory brands [4] - Emirates is the preferred airline, and Taj Hotels are favored for luxury stays [4] Group 6: Vehicle Ownership - Over half of India's millionaires own more than one car, with many upgrading within three to six years [5] - Approximately 40% keep their cars for more than six years [5] Group 7: Lifestyle Preferences - Travel is the top hobby for the ultra-rich at 45%, followed by reading and cooking [5] - Yoga is the most preferred fitness activity at 27% [5] Group 8: Education and Travel - The USA is the most popular destination for education abroad, chosen by 19% of respondents, followed by the UK at 14% [5] - However, 42% prefer to keep their children in India for education [5] Group 9: Media Consumption - Social media has surpassed traditional media as the primary source of news for wealthy households [6] - Over 60% of respondents rate their happiness and well-being at 8 or above [6]

Core Viewpoint - The Straits Times Index (STI) is at historic highs, leading investors to question the availability of undervalued stocks, with three Singapore-listed companies identified as potential investment opportunities despite the overall market conditions [1][13]. Group 1: Hongkong Land (SGX: H78) - Hongkong Land is a property investment and management group with significant assets in Hong Kong, Singapore, and China, experiencing a share price increase of over 27% following a strategy update [2]. - The company's price-to-book (P/B) ratio is low at 0.47, indicating potential undervaluation amidst investor pessimism regarding China's property sector [3]. - The Group's vacancies in Hong Kong decreased to 6.9% as of June 2025, compared to 7.1% at the end of 2024, outperforming the wider Central Grade A office market [3]. - Hongkong Land's Net Asset Value (NAV) per share rose to US$13.62 as of June 30, 2025, with an underlying profit of US$320 million for the first half of 2025, reflecting an 11% growth year-on-year [4]. Group 2: UOL Group (SGX: U14) - UOL Group is a diversified property and hospitality group with assets valued at approximately S$23 billion, benefiting from a strong residential market [6]. - Revenue from property development increased by 40% to nearly S$732 million, with overall revenue rising 22% to S$1.55 billion in the first half of 2025 [7][8]. - Despite a pre-tax profit increase of 30% to over S$319 million, UOL Group's NAV per share slightly decreased to S$13.59 as of June 30, 2025 [8]. Group 3: Wilmar International (SGX: F34) - Wilmar International is one of Asia's largest agribusiness groups, reporting a 6.3% year-on-year revenue growth to nearly US$33 billion in the first half of 2025 [10]. - The company's net profit rose by 2.6% to almost US$595 million, with significant growth in its plantation and sugar milling business [10]. - Wilmar's stock is trading near its 52-week low of S$2.87, with a current P/B ratio of 0.69, indicating potential undervaluation [11][12].

Market Overview - DJIA increased by 271 points or 0.59% to reach 46,029, while Nasdaq decreased by 76 points or 0.34% to 22,257, and S&P 500 traded at 6,603, down 3 points or 0.05% [2][4] - Anticipation of a 0.25 percentage point interest rate cut by the Federal Reserve is influencing market movements, with traders closely monitoring for indications of further cuts [4][5] Company Highlights - Workday saw a significant gain of 6.9% after Elliott Investment Management acquired a stake exceeding $2 billion and expressed support for the company's management, alongside an expansion of its share buyback program to $4 billion [2][4] - General Mills experienced a decline of 1.9% despite reporting higher-than-expected profits for the latest quarter, with revenue meeting forecasts [2][4] - RCI Hospitality Holdings fell by 10.2% following accusations of bribery and other crimes by New York's attorney general, impacting its operations in the strip club and sports bar sectors [3][4] Upcoming Events - Online ticket marketplace StubHub is set to debut on the New York Stock Exchange under the ticker "STUB," with shares priced at $23.50 in its initial public offering [3][4] Economic Indicators - Japan's Nikkei 225 index decreased by 0.2% as exports to the U.S. fell by 13.8% in August compared to the previous year, attributed to tariffs on cars [5] - The yield on the 10-year Treasury bond slightly decreased to 4.02% from 4.04% [5]

Group 1: Investment Overview - The Ruffini family, through their holding company Ou(r) Group, has acquired a 14.7% minority stake in La Bottega FounderCo, which operates in the luxury hotel supplies sector [1] - La Bottega specializes in providing fragrances, toiletry products, and bespoke amenities to hotels globally, featuring brands like Culti, Ortigia, Etro, and Diptyque [2][3] Group 2: Company Structure - La Bottega FounderCo is primarily owned by the Pacini family with a 50.4% stake, while Three Hills Capital Partners holds 49.6% [3] - Ou(r) Group is one of two holding companies of the Ruffini family, which also includes Ruffini Partecipazioni Holding, known for its 15.8% stake in Moncler [4] Group 3: Strategic Intent - The investment in La Bottega aligns with Ou(r) Group's strategy to enhance its presence in high-end hospitality markets, focusing on authenticity, innovation, and experientialism [5] - La Bottega's CEO emphasized the strategic alliance's goal to solidify the company's international role in luxury hospitality and explore new opportunities [6] Group 4: Industry Context - The fashion industry is increasingly engaging with the hospitality sector to elevate its prestige through partnerships and creative initiatives [7]