Latest news with #Beahm
Yahoo
22-04-2025
- Business
- Yahoo
Chipotle is going to Mexico for the first time
A 'Mexican' restaurant chain is coming to Mexico. Chipotle (CMG) — the self-appointed 'Mexican Grill' known for its burrito bowls, carnitas, and three-taco assembly-line suppers — has not made inroads south of the border even though the chain features south-of-the-border-themed fare. That's something the U.S. brand intends to change, as it moves to open its first Mexico location in early 2026. 'We are confident that our responsibly sourced, classically-cooked real food will resonate with guests in Mexico,' said Nate Lawton, Chief Business Development Officer at Chipotle. 'The country's familiarity with our ingredients and affinity for fresh food make it an attractive growth market for our company.' Chipotle is partnering with Alsea SAB — a restaurant company that has brought brands such as the Cheesecake Factory, Starbucks (SBUX), and Burger King (QSR) to Latin America. And Chipotle won't be the firm's first Latin American-inspired American brand; Alsea also operates Chili's (EAT) in Central and South America. (Chipotle's burritos, however, would more accurately be described as clones of those found in San Francisco's Mission District.) Chipotle has been on a hot streak of sorts, with analysts expecting CMG to report a profit of $0.28 per share on a diluted basis, which is up 3.7% from $0.27 per share in the year-ago quarter. The company has exceeded Wall Street's EPS estimates in its last four quarterly reports. 'This seems like an especially good strategy for the fast-casual chain to be pursuing right now, given both the company's current aggressive plans for international growth, as well as tariff-driven cost increases domestically,' says Roger Beahm, executive director of the Center for Retail Innovation at Wake Forest University School of Business. 'While other chains may choose to exercise caution in the face of an uncertain international trade environment, this announcement demonstrates Chipotle's willingness to back up its words with actions,' Beahm says. He also says that with local sourcing of ingredients, Chipotle's price point shouldn't be too painful for customers in Mexico. 'Given the cost of produce imported from Mexico to the U.S. is now expected to increase due to higher tariffs, opening restaurants in Mexico should allow the restaurant chain to keep its in-country menu prices there relatively lower — and that's good for an introductory business,' Beahm says. He adds that given the restaurant chain's reliance on produce grown in Mexico, one way to hedge against higher costs in markets like the U.S. is to open restaurants close to the source. 'In essence, it shortens the supply chain considerably and makes 'from farm to fork' a local reality for Chipotle guests in Mexico,' Beahm says. For the latest news, Facebook, Twitter and Instagram.
Yahoo
31-01-2025
- Entertainment
- Yahoo
Streamer Dr Disrespect's YouTube income ban lifted after scandal
Controversial gaming streamer Herschel 'Guy' Beahm, known online as Dr Disrespect, has said he is able to start making money from YouTube again after being dropped in 2024. His announcement came on the same day as the gaming studio he co-founded said it was "closing its doors after three incredible years". Developer Midnight Society, which was working on shooter game Deadrop, cut ties with the YouTuber last year after becoming aware of "an allegation" against him. Beahm denied any wrongdoing, but admitted sending messages to "an individual minor" in 2017, insisting "nothing illegal happened". The content creator has 4.5 million subscribers on the platform and was dropped by various sponsors but declared on his stream on Thursday that "we've got our YouTube monetisation back". YouTube has not yet responded to BBC Newsbeat's request for comment, but in a statement to gaming website Kotaku it said it had "reinstated" Dr Disrespect to its Partner Program "after careful review of the channel's recent activity". "Dr Disrespect was previously suspended... for violations of our Creator Responsibility policies. If there are further violations, we'll take appropriate action," it added. The Dr Disrespect character gained popularity for his chaotic style of play and aggressive - at times rude - commentary. Last year, Midnight Society terminated Beahm's role at the company, four years after he was abruptly kicked off streaming platform Twitch, where he had a big following. In 2022, Beahm and Twitch agreed a settlement, where neither party admitted any wrongdoing. The reason for his removal then was never made clear - with the Amazon-owned platform only saying it acted whenever users broke the rules. Last June, a former Twitch employee said the removal was linked to messages sent to a minor. Beahm responded: "Let me be clear, it was not a criminal case against me and no criminal charges have ever been brought against me." He did though apologise to his "community and colleagues" for his actions. "That's on me as an adult, a husband and a father... it should have never happened", he wrote on social media. He was suspended from YouTube's partner program and retreated from streaming until September. In November he signed a deal with video platform Rumble to head its gaming division. GTA 6, Nintendo's new console and what else to watch out for in 2025 gaming Assassin's Creed maker Ubisoft praised at gaming accessibility awards What are NFTs and why are some worth millions? The closure of Midnight Society comes amid wider struggles in the games industry, with Ubisoft and Bioware among notable companies already announcing cuts in 2025. Midnight Society previously announced layoffs in September 2024 but said it remained committed to releasing the game this year. In its statement announcing its closure, the company apologised for being "unable to reach our ultimate goal" of making Deadrop. The game got its start through the sale of NFTs (non-fungible tokens) - "one-of-a-kind" digital assets that experience an intial boom before vastly dropping in value. Some who invested have asked the company if they will be receiving refunds. BBC Newsbeat has requested comment from Midnight Society but not heard back. Listen to Newsbeat live at 12:45 and 17:45 weekdays - or listen back here.
BBC News
31-01-2025
- Entertainment
- BBC News
Dr Disrespect: Controversial streamer can make money from YouTube
Controversial gaming streamer Herschel 'Guy' Beahm, known online as Dr Disrespect, has said he is able to start making money from YouTube again after being dropped in announcement came on the same day as the gaming studio he co-founded said it was "closing its doors after three incredible years".Developer Midnight Society, which was working on shooter game Deadrop, cut ties with the YouTuber last year after becoming aware of "an allegation" against denied any wrongdoing, but admitted sending messages to "an individual minor" in 2017, insisting "nothing illegal happened". The content creator has 4.5 million subscribers on the platform and was dropped by various sponsors but declared on his stream on Thursday that "we've got our YouTube monetisation back".YouTube has not yet responded to BBC Newsbeat's request for comment, but in a statement to gaming website Kotaku it said it had "reinstated" Dr Disrespect to its Partner Program "after careful review of the channel's recent activity"."Dr Disrespect was previously suspended... for violations of our Creator Responsibility policies. If there are further violations, we'll take appropriate action," it added. A sudden exit The Dr Disrespect character gained popularity for his chaotic style of play and aggressive - at times rude - year, Midnight Society terminated Beahm's role at the company, four years after he was abruptly kicked off streaming platform Twitch, where he had a big 2022, Beahm and Twitch agreed a settlement, where neither party admitted any reason for his removal then was never made clear - with the Amazon-owned platform only saying it acted whenever users broke the June, a former Twitch employee said the removal was linked to messages sent to a responded: "Let me be clear, it was not a criminal case against me and no criminal charges have ever been brought against me."He did though apologise to his "community and colleagues" for his actions."That's on me as an adult, a husband and a father... it should have never happened", he wrote on social was suspended from YouTube's partner program and retreated from streaming until September. In November he signed a deal with video platform Rumble to head its gaming division. The closure of Midnight Society comes amid wider struggles in the games industry, with Ubisoft and Bioware among notable companies already announcing cuts in Society previously announced layoffs in September 2024 but said it remained committed to releasing the game this its statement announcing its closure, the company apologised for being "unable to reach our ultimate goal" of making game got its start through the sale of NFTs (non-fungible tokens) - "one-of-a-kind" digital assets that experience an intial boom before vastly dropping in who invested have asked the company if they will be receiving Newsbeat has requested comment from Midnight Society but not heard back. Listen to Newsbeat live at 12:45 and 17:45 weekdays - or listen back here.
