Piccadilly Restaurants files for bankruptcy
Baton Rouge, La. — Cafeteria-style restaurant chain Piccadilly Restaurants filed for Chapter 11 bankruptcy protection on Friday, citing a breakdown in talks with its lender Atalaya Capital Management.
Atalaya had recently purchased part of Piccadilly’s debt, which hasn’t been quantified by the chain.
Piccadilly was given a commitment for debtor in possession financing of up to $5 million, providing the company with ample liquidity, Piccadilly said.
More cute cat videos coming to You Tube
And the award for most effective use of social media in the pet category goes to…
Global pet care leader Nestle Purina has created a new national contest called "The Friskies" with a $15,000 grand prize that is sure to set off a new round of online cat videos.
According to the company, many great art forms have awards for the best new work created each year. Films have the Oscars, TV shows have the Emmys and now Internet cat videos have The Friskies.
"We love cat videos because they showcase the imagination of both cats and their owners," said Shaun Belongie, Friskies brand manager. "Some may say that there are too many cat videos on the Internet already. We don’t think so. We’re launching ‘The Friskies’ because we think the next great cat video is just waiting to be discovered."
Cat videographers have until October 12 to submit their video at www.TheFriskies.com where up to 12 finalists will be chosen for the judging and public voting phase in October. Winners will be announced in November. Each finalist will receive a one-year supply of Friskies cat food, and an original Friskies cat statue called a "Cat-uette." The grand prize winner receives $15,000 and the honor of "Best Video," and four "cat"-egory prize winners will receive $2,500.
The contest also rewards the online community’s participation efforts with donations of Friskies cat food to cat charity organization partners. Friskies has committed to donate 125,000 cans of cat food to cat charity organization partners. Each time someone enters the contest, votes, or likes or shares a video; five additional cans of Friskies cat food will be added to the total number of cans to be donated, up to a total of 250,000 cans.
Submissions are possible in the following areas:
Catness: The essence of cat behavior or moments that capture pure cat awesomeness.
Catcom: Cats in a humorous situation.
Catventure: An indoor cat adventure
Catch All: For entries that don’t fit into one of the other categories.
Videos can’t be longer than three minutes and will be judged on originality, overall artistic impression, cinematography, technical production, audience appeal and entertainment quality, cat playfulness or quirks, sense of a story being told, and portraying cat’s perspective.
Meijer’s Simply Give Week garners more than $400K in donations
GRAND RAPIDS, Mich. — Meijer’s "Simply Give Week" garnered more than $145,000 in donations from its customers. The effort, combined with the commitment from Meijer to double all donations made Sept. 2 to 8, brought the week’s total donation to $437,400, Meijer co-chairman Hank Meijer said.
Meijer launched Simply Give Week to support Hunger Action Month in September and highlights its continuing commitment to hunger relief.
"We were hoping Simply Give week would generate excitement to help support our food pantry partners, and our customers and team members supported us in a big way," Meijer said. "This week’s donation far surpassed our single most successful week of $60,000 in donations. The great generosity of our customers and team members is a source of inspiration for all of us. We cannot thank them enough."
Although the double match has concluded, customers can still donate to the fall Simply Give campaign, which runs through Oct. 6.
"This is a huge win for our food pantry partners, who aggressively engaged the community to help every $10 donation stretch even farther," Meijer EVP retail operationsJanet Emerson said. "It’s very rewarding to work with so many food pantries whose dedication to food-giving is unwavering."