Latest news with #Pinstripes
Yahoo
09-07-2025
- Sport
- Yahoo
DJ LeMahieu designated for assignment in stunning move, Yankees announce
In the midst of a summer swoon, the Yankees made arguably their most stunning move of the season so far. The club announced on July 9 that veteran infielder DJ LeMahieu is being designated for assignment, possibly ending his tenure in pinstripes. LeMahieu, 36, is in the fifth season of a six-year, $90 million contract he signed with the Yankees. Advertisement In his 15th MLB season, LeMahieu has struggled in the field and at the plate since returning from a spring training injury. He sports a .266 batting average and a .338 on-base percentage to go along with two home runs and 12 RBI in 45 appearances. Check back for updates... This article originally appeared on DJ LeMahieu designated for assignment, Yankees announce
Daily Mail
17-06-2025
- Business
- Daily Mail
Topgolf competitor nearing bankruptcy after ambitious growth plans
A major name in the 'eatertainment' space is preparing to file for bankruptcy. Pinstripes — the upscale chain that combines bowling alleys, bocce courts and a full bistro menu — is readying paperwork to file for Chapter 11. With fire pits and Adirondack chairs, it once positioned itself as a stylish alternative to Topgolf or Dave & Buster's. Pizzas range from $19 to $26 at certain locations, while prime rib sandwiches cost around $21. Restaurant-goers can rent a bowling alley for $20 to $80, depending on the venue's daily popularity. The company operates 18 massive venues across the U.S., each spanning up to 38,000 square feet and capable of hosting up to 1,500 guests. Pinstripes plans to stay open as the bankruptcy process moves through the courts, according to Bloomberg. But the report marks the latest blow for a company that once touted 'rapid growth' across the US, according to its website. During its February earnings call, the company posted an $8 million loss while seeing a 7.7 percent decrease in sales. Then, in March, the company was delisted from the New York Stock Exchange after it failed to hit a $15 million market cap for 30 straight days. It spent just over a year as a publicly traded company. After the delisting, the company received $7.5 million in financing. But it traded away 85 percent of its shares in exchange. Pinstripes didn't immediately respond to request for comment. If the bankruptcy goes through, Pinstripes wouldn't be alone. Several household-name restaurants have announced bankruptcy filings, mass closures, and staff cuts in a difficult restaurant environment. Red Lobster, Hooters, TGI Fridays, On The Border, Roti, and Bertucci's — all restaurants that catered to middle-income Americans, have all filed for bankruptcy in the past year. The restaurants are largely facing two major strains: increased costs and lower customer traffic. Monthly inflation rates have cooled to just above the Federal Reserve's target of 2 percent, after peaking at over 9 percent in 2022. But baked-in food inflation has made running a restaurant significantly more expensive.
Daily Mail
17-06-2025
- Business
- Daily Mail
Dave & Buster's rival set for bankruptcy sparking fears all locations will shut
A major name in the 'eatertainment' space is preparing to file for bankruptcy. Pinstripes — the upscale chain that combines bowling alleys, bocce courts and a full bistro menu — is readying paperwork to file for Chapter 11. With fire pits and Adirondack chairs, it once positioned itself as a stylish alternative to Topgolf or Dave & Buster's. Pizzas range from $19 to $26 at certain locations, while prime rib sandwiches cost around $21. Restaurant-goers can rent a bowling alley for $20 to $80, depending on the venue's daily popularity. The company operates 18 massive venues across the U.S., each spanning up to 38,000 square feet and capable of hosting up to 1,500 guests. Pinstripes plans to stay open as the bankruptcy process moves through the courts, according to Bloomberg. But the report marks the latest blow for a company that once touted 'rapid growth' across the US, according to its website. During its February earnings call, the company posted an $8 million loss while seeing a 7.7 percent decrease in sales. Then, in March, the company was delisted from the New York Stock Exchange after it failed to hit a $15 million market cap for 30 straight days. It spent just over a year as a publicly traded company. After the delisting, the company received $7.5 million in financing. But it traded away 85 percent of its shares in exchange. Pinstripes didn't immediately respond to request for comment. If the bankruptcy goes through, Pinstripes wouldn't be alone. Several household-name restaurants have announced bankruptcy filings, mass closures, and staff cuts in a difficult restaurant environment. Red Lobster, Hooters, TGI Fridays, On The Border, Roti, and Bertucci's — all restaurants that catered to middle-income Americans, have all filed for bankruptcy in the past year. Pinstripes attempted to join the 'eatertainment' industry, pairing mid-tier priced foods with physical games - but the company has run into major financial issues The restaurants are largely facing two major strains: increased costs and lower customer traffic. Monthly inflation rates have cooled to just above the Federal Reserve's target of 2 percent, after peaking at over 9 percent in 2022. But baked-in food inflation has made running a restaurant significantly more expensive. Even financially stable chains — like Denny's, Applebee's, Outback Steakhouse, and Cracker Barrel — have all reported shrinking sales estimates at the start of 2025, largely because their costs have increased. Meanwhile, grocery prices have also forced cash-strapped Americans to forgo nights out for meals prepared at home. The trend has helped some cost-cutting grocery brands, like Campbell's soup, which reported over $66 million in profit, largely from its $2 to $7 cans. 'Consumers are cooking at home at the highest levels since early 2020,' Mick Beekhuizen, the iconic soup-maker's CEO said during the company's latest earnings.
New York Post
13-06-2025
- Sport
- New York Post
Yankees vs. Red Sox prediction: Garrett Crochet can't handle bombers on Friday
Gambling content 21+. The New York Post may receive an affiliate commission if you sign up through our links. Read our editorial standards for more information. Yankees-Red Sox at Fenway Park will always have a mystique about it, even when Boston isn't playing its best. The Red Sox (34-36) are fourth in the American League East, a whopping 9.5 games behind the first-place Yankees, who are among the World Series favorites this season. The Alex Cora-led Sox did take two of three from their bitter rivals last week in a series in the Bronx, so there is some reason for positivity, as their lineup is among the best in the league. Things have been extremely rough on the starting rotation, with seemingly none of their perceived upgrades from the offseason performing up to standard in 2025. Starters Lucas Giolito and Walker Buehler have been borderline disasters up until this point, and tonight's starter, Garrett Crochet (6-4, 2.35 ERA), can only do so much. In a rematch of last week's matchup, it's Ryan Yarbrough matching up with Crochet, but there's a bit of a different wrinkle to the lineup. Garrett Crochet is the reason the Red Sox are favored on Friday. IMAGN IMAGES via Reuters Connect Boston is sitting star outfielder Jarren Duran on Friday night, and rookie infielder Marcelo Mayer, who is coming off a two-homer performance, is also riding the pine. It's a strange move to have all of those guys sitting even against the left-pitching Yarbrough. All things being considered, I disagree with the lineup card for Friday's AL East tilt and would prefer to back the Yankees as underdogs. The Yankees are currently sitting at +123 on the moneyline, which would be the third-longest price on the Pinstripes this season. They closed +160 against the Dodgers on June 1, and +155 against the Tigers back on April 8. Learn all you need to know about MLB Betting I don't view the Red Sox in the same ballpark (pun intended) as either of those teams, and I'll happily take the underdog price on the better team. PICK: Yankees +123 (BetRivers) Why Trust New York Post Betting Erich Richter is a brazilian jiu-jitsu blue belt but he has a black belt in MMA betting. During the football season he's showcased massive profits at The Post in the player prop market the last two seasons. While constantly betting long shots, his return on investment is 30.15 percent since 2022.
Bloomberg
12-06-2025
- Business
- Bloomberg
Midwestern Bowling Outfit Pinstripes to File for Bankruptcy
Dining and entertainment company Pinstripes Inc. is considering filing for bankruptcy as soon as next week, according to people with knowledge of the matter. The company, which operates dining, bowling and bocce ball venues, has been holding confidential talks with its lenders and is being advised by law firm Ropes & Gray, said the people, who asked not to be identified discussing a private matter. Chapter 11 bankruptcies allow a company to continue operating while it works out a plan to repay creditors.
