Latest news with #Paterno
GMA Network
3 days ago
- Business
- GMA Network
7-Eleven PH to open warehouses in Zamboanga, Leyte for VisMin expansion
Philippine Seven Corp. (PSC), the exclusive licensor of the 7-Eleven convenience store chain in the country, is putting up distribution centers or warehouses in two key cities in the Visayas and Mindanao as part of its P5.5-billion capital expenditure program to open 500 new stores this year, most of which will be located in the southern island groups of the country. "More than half of those are in VisMin," PSC chairman Jose Victor Paterno told reporters at a briefing in Pasay City on Thursday. The company is eyeing to ride on the growth of consumer demand in the Visayas and Mindanao areas, which Paterno earlier described as a "post-pandemic phenomenon." PSC had earlier announced plans to open 500 new stores in 2025 and hit 5,000 stores in 2026. The company ended 2024 with 4,130 stores—1,974 of which were franchise stores, and the remaining 2,156 company-owned. "This quarter, we will be opening a distribution center in Zamboanga City… then in the fourth quarter, there's another one in Ormoc City to support our push to VisMin," PSC head of finance Lawrence de Leon said. De Leon said the opening of distribution centers in Zamboanga City and Ormoc City forms part of PSC's P5.5-billion capital expenditure for 2025. The PSC executive added that the company wants to take advantage of lack of competition and low rental rates in the VisMin for its expansion in southern Philippines. In 2024, PSC posted a net income of P3.81 billion, up 9.4% on the back of 13.8% growth in system-wide sales amounting to P93.5 billion. — VDV, GMA Integrated News
USA Today
08-07-2025
- Sport
- USA Today
James Franklin named to coach of the year watch list
A post shared by Penn State Football (@pennstatefball) Penn State head coach James Franklin is gearing up for a season that many expect to be the best season of the College Football Playoff era. High expectations with a stacked roster returning from a deep playoff run have surrounded Franklin's program this offseason, and the national preseason polls may soon show just what the expectations are for the Nittany Lions. Not surprisingly, Franklin has landed on a preseason watch list for coach of the year amid the offseason hype train. Franklin was one of the coaches named to this year's watch list for the Bobby Dodd Coach of the Year Award by the Bobby Dodd Coach of the Year Foundation and Chick-fil-A Peach Bowl committee. A total of 26 head coaches are named to the list. To be eligible for the award, a coach must be in at least the second year with his current program and have an APR score with the program above the national average of 969. Franklin is one of five Big Ten coaches named to the watch list. Other Big Ten coaches appearing on the list include Bret Bielema of Illinois, Curt Cignetti of Indiana, Ryan Day of Ohio State, and Dan Lanning of Oregon. Former Penn State head coach Joe Paterno is one of two coaches to win multiple Bobby Dodd Awards. Paterno won the award in the 1981 and 2005 seasons. Bill Snyder of Kansas State later become the second two-time winner with the award in 1998 and 2012. Paterno is the only Dodd Coach of the Year in Penn State program history. Last year's winner of the Dodd Coach of the Year was Marcus Freeman of Notre Dame. The last Big Ten coach to win the award was Pat Fitzgerald of Northwestern in 2020. Other notable winners have included Kyle Whittingham of Utah, Brian Kelly at Notre Dame, Kirk Ferentz of Iowa, Nick Saban of Alabama, and Dabo Swinney of Clemson. You can see the full watch list for this year's Bobby Dodd Coach of the Year award in the official announcement. Follow Nittany Lions Wire on X, Facebook, and Threads
GMA Network
22-05-2025
- Business
- GMA Network
7-Eleven PH bullish on VisMin for expansion
Philippine Seven Corp. (PSC), the exclusive licensor of convenience store 7-Eleven in the country, on Thursday said it is on track to achieve its goal of 500 new stores this year as it is looking to ride on the growth of consumer demand in the Visayas and Mindanao regions. According to PSC president and chief executive officer Jose Victor Paterno, the Visayas and Mindanao regions continue to outperform, which he said was a post-pandemic phenomenon. 'I think last year, almost half the new stores were in VisMin. More than half this year will be in VisMin because it's growing, because they are the most profitable stores, where there's the most consumer demand,' he said in Makati City. The company earlier said it plans to open 500 new stores in 2025 and hit 5,000 stores in 2026. It ended 2024 with 4,130 stores—1,974 of which were franchise stores, and the remaining 2,156 company-owned. 'We continue to monitor. Of course we look for trends and say, the new stores we're opening in the different regions are still doing well — yes, then we continue, and when we see signs of a slowdown or something like, okay, we're oversaturating this region, or this region is slowing down for whatever reason,' Paterno said. 'What I can tell you is that it's pretty strong, and thankfully VisMin continues to outperform,' he added. Asked for his outlook, Paterno said the company is optimistic that it will outperform the second half of 2024. Its third-quarter net income climbed 13.1% to P813.9 million and rose by 1.4% to P1.233 billion in the fourth quarter. 'I think if current economic conditions persist, mathematically we will surpass the second half because the second half was so weak because of maybe the POGOs (Philippine Offshore Gaming Operators), but again, we don't know what's going to happen in the second half, what's going to happen with tariffs,' he said. President Ferdinand 'Bongbong' Marcos Jr., in his State of the Nation Address in July 2024, ordered the ban on all POGOs by the end of 2024, citing the sector's 'grave abuse' and 'disrespect' to the country's system and laws. Meanwhile, US President Donald Trump, in what he termed the 'Liberation Day' policy, planned to slap a 17% reciprocal tariff on Philippine goods, which compares with the 34% rate that Manila charges against American goods. This was set to take effect on April 9, but Trump has since announced a 90-day pause on most countries except China, while countries such as the Philippines could still face a baseline 10% tariff. Shares in PSC were last traded at P46.00 apiece, up by P0.50 or 1.10% from Wednesday's finish of P45.50 per share. — VBL, GMA Integrated News
Yahoo
21-03-2025
- Sport
- Yahoo
Alum's $50M gift to Penn State blocks Paterno field-naming talk
Joe Paterno supporters hoping to have the field at Beaver Stadium named for the late coach will apparently wait 15 years to raise that request again. The university announced on March 10 that Pennsylvania businessman William 'B.J.' Werzyn and his company, West Shore Home, would pay $50 million for naming rights at Penn State's football venue. When the Nittany Lions host Nevada in their Aug. 30 opener, they will be doing so on West Shore Home Field at Beaver Stadium. Werzyn, a 1999 Penn State graduate, grew up in Johnstown, Pa. His company is headquartered in Mechanicsburg, Pa. "Penn State is a special place that is developing our future leaders," Werzyn said in a company news release. "West Shore Home, my family and I are proud to help advance this critical mission." And that means the mission of attaching Paterno's name to that field is halted – which might be why the trustees chose to act quickly and cash Werzyn's check. The West Shore Home naming rights deal is for 15 years. It's been nearly 14 years since the Jerry Sandusky child sexual-abuse scandal ended Paterno's coaching career and permanently tarnished his reputation. In an interview with ex-NFL player and broadcaster Ross Tucker, Werzyn said: 'I hope most people do understand that getting Paterno's name on the field probably wasn't going to happen or be a reality, so this was the absolute best thing for the football team, for the athletic department and the university.' He's right. Paterno's name on the field at Beaver Stadium or any other element of the football program can't happen – now or ever. Paterno will be forever linked to the scandal that rocked Penn State and the football program in 2011. Sandusky was convicted on 44 counts the following summer and remains in the state prison system despite numerous attempts to get him a new trial. Paterno died of cancer in early 2012. He had called the allegations against his former assistant coach 'one of the great sorrows of my life.' 'Build a strong future' Along with the naming-rights donation, West Shore Home announced an 'enhanced partnership with Penn State's College of Information Sciences and Technology' that will provide internships for students at the growing home-remodeling company. In April 2023, Penn State's Lion Legacy Club reported a two-year partnership with West Shore Home and MITER Brands – a 'seven-figure commitment' – to support name-image-likeness (NIL) efforts on behalf of Nittany Lions players. Werzyn's investment in sports goes beyond his alma mater and football. In February, West Shore Home announced a sponsorship agreement with the PGA Tour's Max Greyserman – who had six top-10 finishes in 2024, his first year on the tour. In announcing the stadium naming news, Penn State Athletic Director Patrick Kraft said: 'As an alumnus of our great university and a business owner in central Pennsylvania, B.J. understands the critical role that Beaver Stadium plays in our community, as well as the importance of preserving the great traditions of Penn State while helping us build a strong future.' Frankly, Werzyn and his company deserved better than to have their moment of generosity upstaged by those who can't let Paterno rest in peace. 'Benefit of hindsight' Even as the naming-rights move was being finalized, Penn State trustee Anthony Lubrano was leading the charge on behalf of the Paterno family, and called the university's decision to not rename the stadium's playing surface Paterno Field 'the ultimate betrayal.' As reported by Seth Engle, Lubrano told his fellow trustees: 'This is a very sad and sobering day in the history of Penn State. Today, for many of us, the music dies. Today, the Penn State we know and love is no more …' Lubrano said the trustees were 'about to turn our backs on' Joe and Sue Paterno and 'for a few silver pieces, we're about to sell our soul.' At that March 10 trustees meeting, as reported by Lubrano was joined in opposition to the 'West Shore Home Field' decision by fellow trustees Ted Brown, Suzan Collins, Daniel Delligatti, Barry Fenchak, Matt McGloin, Jay Paterno and Brandon Short. Delligatti, McGloin, Short and Jay Paterno all played for Joe Paterno. reported that McGloin told fellow trustees that they 'were 'trying to erase' Joe Paterno's legacy' by not naming the field for the man who was college football's winningest coach when the scandal broke. Paterno was never accused of mistreating children himself. But as the head of an organization struck by scandal, he will carry forever the label of the leader who failed to act when it mattered most. Paterno likely sealed his legacy's fate on Nov. 9, 2011, when he said: 'With the benefit of hindsight, I wish I had done more.' With the benefit of hindsight, Penn State could not put his name on the Beaver Stadium field.
Yahoo
21-03-2025
- Sport
- Yahoo
Johnstown native's gift to PSU blocks Paterno field-naming talk
Joe Paterno supporters hoping to have the field at Beaver Stadium named for the late coach will apparently wait 15 years to raise that request again. The university announced March 10 that Pennsylvania businessman William 'B.J.' Werzyn and his company, West Shore Home, would pay $50 million for naming rights at Penn State's football venue. When the Nittany Lions host Nevada in their Aug. 30 opener, they will be doing so on West Shore Home Field at Beaver Stadium. Werzyn, a 1999 Penn State graduate, grew up in Johnstown. His company is headquartered in Mechanicsburg. 'Penn State is a special place that is developing our future leaders,' Werzyn said in a company news release. 'West Shore Home, my family and I are proud to help advance this critical mission.' And that means the mission of attaching Paterno's name to that field is halted – which might be why the trustees chose to act quickly and cash Werzyn's check. The West Shore Home naming rights deal is for 15 years. It's been nearly 14 years since the Jerry Sandusky child sexual abuse scandal ended Paterno's coaching career and permanently tarnished his reputation. In an interview with ex-NFL player and broadcaster Ross Tucker, Werzyn said: 'I hope most people do understand that getting Paterno's name on the field probably wasn't going to happen or be a reality, so this was the absolute best thing for the football team, for the athletic department and the university.' He's right. Paterno's name on the field at Beaver Stadium or any other element of the football program can't happen – now or ever. Paterno will be forever linked to the scandal that rocked Penn State and the football program in 2011. Sandusky was convicted on 44 counts the following summer and remains in the state prison system despite numerous attempts to get him a new trial. Paterno died of cancer in early 2012. He had called the allegations against his former assistant coach 'one of the great sorrows of my life.' 'Build a strong future' Along with the naming-rights donation, West Shore Home announced an 'enhanced partnership with Penn State's College of Information Sciences and Technology' that will provide internships for students at the growing home-remodeling company. In April 2023, Penn State's Lion Legacy Club reported a two-year partnership with West Shore Home and MITER Brands – a 'seven-figure commitment' – to support name-image-likeness (NIL) efforts on behalf of Nittany Lions players. Werzyn's investment in sports goes beyond his alma mater and football. In February, West Shore Home announced a sponsorship agreement with the PGA Tour's Max Greyserman, who had six top-10 finishes in 2024, his first year on the tour. In announcing the stadium naming news, Penn State Athletic Director Patrick Kraft said: 'As an alumnus of our great university and a business owner in central Pennsylvania, B.J. understands the critical role that Beaver Stadium plays in our community, as well as the importance of preserving the great traditions of Penn State while helping us build a strong future.' Frankly, Werzyn and his company deserved better than to have their moment of generosity upstaged by those who can't let Paterno rest in peace. 'Benefit of hindsight' Even as the naming-rights move was being finalized, Penn State trustee Anthony Lubrano was leading the charge on behalf of the Paterno family, and called the university's decision to not rename the stadium's playing surface Paterno Field 'the ultimate betrayal.' As reported by Seth Engle, Lubrano told his fellow trustees: 'This is a very sad and sobering day in the history of Penn State. Today, for many of us, the music dies. Today, the Penn State we know and love is no more ...' Lubrano said the trustees were 'about to turn our backs on' Joe and Sue Paterno and 'for a few silver pieces, we're about to sell our soul.' At that March 10 trustees meeting, as reported by Lubrano was joined in opposition to the 'West Shore Home Field' decision by fellow trustees Ted Brown, Suzan Collins, Daniel Delligatti, Barry Fenchak, Matt McGloin, Jay Paterno and Brandon Short. Delligatti, McGloin, Short and Jay Paterno all played for Joe Paterno. reported that McGloin told fellow trustees that they 'were 'trying to erase' Joe Paterno's legacy' by not naming the field for the man who was college football's winningest coach when the scandal broke. Paterno was never accused of mistreating children himself. But as the head of an organization struck by scandal, he will carry forever the label of the leader who failed to act when it mattered most. Paterno likely sealed his legacy's fate on Nov. 9, 2011, when he said: 'With the benefit of hindsight, I wish I had done more.' With the benefit of hindsight, Penn State could not put his name on the Beaver Stadium field.
