Catching Up With Wahlburgers

The Wahlburgers intended expansion into the Asia-Pacifc in partnership with Cachet Hospitality is discussed on AE series, Wahlburgers.

Earlier this year, Wahlburgers, the burger chain run by Mark, Donnie and Paul Wahlberg, announced their intended expansion into Asia. They formed a joint venture with Cachet Hospitality Group to expedite their growth.

Wahlburgers is headquartered in Massachusetts and currently operates locations across the United States and Canada. Cachet Hospitality plans to help Wahlburgers to reach their goal of expanding to 100 new locations throughout the Asia Pacific region.  

During last week’s episode of the Wahlburgers, the AE series providing a behind-the-scenes glimpse into the Wahlberg brothers, the family discussed their Asia-Pacific business plans. David Laris, Cachet Hospitality Group’s EVP of Global Food & Beverage and President of Wahlburgers Asia Pacific Joint Venture, was featured talking with Mark and Paul Wahlberg.

To watch the Wahlburger’s episode, sign in and view here.

Will The Debt Ceiling Be Raised?

Introduction of Robert Roche’s op-ed for Huffington Post on the United States current debt ceiling crisis.

Recently, Robert Roche authored an op-ed discussing the United States’ distinct need to raise the country’s debt ceiling. He noted that the United States’ Treasury Department projects the debt limit could be reached as early as September 29th. Should this happen, the government will be unable to borrow money to pay the bills for expenses it approved in last year’s budget.

Roche discusses why raising the debt ceiling is a must-pass scenario. The United States’ government is better off borrowing more to pay its outstanding bills than not paying them at all. For the benefit of the United States’ credibility, and for the millions of Americans relying on government services, Congress must pass a clean extension of the debt ceiling well in advance of the October deadline.

To view Robert Roche’s full Op-Ed on Huffington Post, click here.

Acorn International Sells Majority Stake in HJX Business

Acorn International reaches an agreement to sell majority stake in HJX business.

Acorn International, Inc. recently announced that they’ve reached an agreement to sell a majority stake in its HJX business which engages in direct sales of Ozing branded electronic learning devices. The agreement includes the formation of a joint venture. The third-party investor and operator responsible for purchasing the majority stake will consequently control and operate the joint venture.  

Acorn International’s Executive Chairman Mr. Robert Roche noted, “The agreement with HJX represents a positive move for Acorn as we realign our strategy and focus our attention on the markets that will drive profitable growth.”

The joint venture is expected to be operational in the coming months helping to liquidate a large stock of HJX inventory and transition select expenses on a pro rata basis to the joint venture.  Acorn has decided to move forward with the partial divestiture of HJX in an attempt to relinquish its daily management. This will increase Acorn’s focus on its already profitable businesses and brands, and will also increase the profitable growth of new business ventures.

“This joint venture marks one of our final key steps in turning around and restructuring the business away from loss-making legacy businesses to focus more closely on our brands and business areas that support our mandate for profitable growth,” Mr. Jacob Fisch, Acorn’s President concluded.

CNAS 2017 Annual Conference: Navigating the Divide

The Center for New American Security hosted its Annual Conference.

On June 28th, 2017, the Center for New American Security (CNAS) held it’s Annual Conference. Individuals gathered at the Mayflower Hotel in Washington, D.C. to tune into several different National Security industry leaders delivering sessions on security-related topics. This year, the annual conference’s theme was “Navigating the Divide.” Among the hundreds of different conference goers, recently appointed CNAS Board of Director member Robert Roche, attended with his son.

To begin the day’s debates, CNAS Co-Founder and CEO Michèle Flournoy delivered welcoming remarks. She was followed by 40 different individuals who delivered their sessions in both individual and group presentations. Their discussions ranged in topic from “The Future of the West and the Transatlantic Cooperation” to “National Security in a Distracted World.” The annual conference is one of the many ways CNAS looks to further its goal of informing and preparing the national security leaders of today and tomorrow.

The goal of CNAS in holding events such as the Annual Conference is to elevate the overall U.S. national security debate by engaging policymakers, experts and the public. They will continue to facilitate national security conversations by uncovering innovative, fact-based research, ideas, and analyses in an attempt to continue to influence the national security discussion.

CNAS has thoughtfully integrated itself into the network of the United States’ policymaking community. CNAS utilizes its unique research agenda to impact the decisions leaders make in National Security to further advance U.S. interests and strategy.  By performing unprecedented research and analyses, they have attracted industry thought leaders to head their research programs, deepening their ability to shape the nation’s security.

Acorn International Reaches Settlement Agreement

Acorn International announced that it has reached a settlement agreement relating to a claim filed against three former Board of Directors members.

Acorn International announced today that it entered a Settlement Agreement on July 28, 2017, relating to a December 2016 claim filed against three former members of the company’s Board of Directors. The claim was filed on December 1, 2016, in the Grand Court of the Cayman Islands in response to alleged breaches of fiduciary duties, misconduct and/or mismanagement by the former directors.

The initial filing involved a previously disclosed dispute between two groups of company shareholders. This dispute resulted in the improper removal of Robert Roche as Executive Chairman of Acorn International by members of the company’s previous Board of Directors. The Grand Court of the Cayman Islands ruled that the former directors had breached their fiduciary duties to Acorn International by removing Mr. Roche as Executive Chairman, and were liable to the company for any loss and damage caused as a consequence of these actions.

In accordance with the Settlement Agreement, all parties involved agreed to drop any claims, counterclaims or other proceedings related to the previous disputes. Acorn International’s audit committee reviewed and approved the Settlement Agreement. It was later approved by the company’s current Board of Directors.

Acorn’s President, Jacob Fisch called the agreement a “highly symbolic” moment for the company.

“In addition to being a good deal for our company, this is a highly symbolic moment for Acorn where, after years of difficulty, we are now able to truly put the troubles of our past behind us and be 100% forward-looking as we grow our business into the future, ” Fisch stated in a press release.

Robert Roche, Executive Chairman of Acorn International, stated: “We are pleased with this outcome and are excited that we can now focus our efforts on enhancing and growing the business.”

APSA Scholars Experience Chinese Language and Culture in 2017 China Scholars Program

American Students participate in 2017 China Scholars Program with APSA.

Earlier this month, American students arrived in Beijing to begin the four week long 2017 China Scholars Program with Americans Promoting Study Abroad (APSA). The 2017 APSA China Scholars arrived at Beijing University of Posts and Telecommunications where they will stay throughout the program and be paired with university students acting as Chinese language mentors. Throughout the program, the APSA Scholars will be immersed in Chinese language and culture and will take part in a variety of educational, professional and recreational activities.

Americans Promoting Study abroad was founded in 2008 to address the growing need for Americans who are able to engage globally. The organization provides scholarships and for American high school students to study abroad, and gain the knowledge and experience necessary to engage globally in their educational and professional careers. The China Scholars program is APSA’s flagship program and provides students in grades 9-11 an opportunity to study abroad, develop a deep understanding of Chinese culture and gain experience and knowledge about their future career goals. APSA China Scholars take part in a month long immersive program in which they attend workshops, meet with career leaders in various fields, take part in service learning projects and explore sites within their city.

Within the first week of the 2017 program, APSA Scholars took part in a Tai Chi workshop, enjoyed traditional Chinese cuisine and attended their first company visit. During the company visit, Scholars learned about crowdfunding and worked in small groups with Chinese students to develop a business idea and pitch to potential investors.

APSA works with partners around the world to develop and deliver a meaningful study abroad experience to students, and build the tools students will need to become active participants in the global economy. Follow along with the 2017 China Scholars as they document their experiences and program highlights on the APSA Instagram account.

Cara Summer Social to Raise Funds For The Cara Program

Cara Chicago’s Associate Board presented the 5th annual Cara Summer Social, all proceeds raised benefit Cara’s work to alleviate poverty in Chicago.

Cara Chicago’s Associate Board is presenting the Cara Summer Social on Wednesday, August 9th at Loews Chicago Hotel. This year’s event marks Cara’s 5th Annual Summer Social and all proceeds raised will benefit Cara’s work to alleviate poverty in Chicago.

The theme of this year’s event is “A Taste of Gourmet. A Toast to Motivations” and will feature chef stations from some of Chicago’s most popular gourmet restaurants. Attendees will enjoy dishes prepared by chefs from Lobo Ray, Marchesa, Emilio’s Tapas Sol Y Nieve, The Dawson, Nonnina & Piccolo Sogno, Marchesa and Olive Mediterranean Grill. The event theme is also a reference to Cara’s tradition of “Motivations”.  Motivations are daily circles in which Cara participants and community members are welcomed to gather and share personal stories of strength and perseverance. Motivations include group song and feature focus questions such as Who inspired you this week and how?”,  to which participants are encouraged to share any answers or thoughts from their experiences.

These Motivations are just one of the ways Cara helps empower those living in poverty transform their lives. Cara works with individuals facing homelessness, unemployment and poverty, some of whom have criminal records that provide additional barriers to securing employment and reliable housing. The mission of Cara is to help individuals break this cycle of poverty by providing job and skills training and working with program participants throughout the job placement process and beyond.

With more than 600,000 Chicago residents living in poverty and more than 6,000 living on the streets, services like those offered by Cara provide much-needed tools for some of the city’s most vulnerable residents. Graduates of Cara’s programs who find employment have an average annual retention rate of 70%, much higher than the nationwide average of 49% noted a feature in See Change Magazine. With programs like Motivations and events that celebrate and empower participants, Cara is dedicated to staying in touch with individuals even after they have graduated from Cara’s programs and found permanent employment. Events like Cara’s Summer Social help spread awareness of Cara’s mission and help Cara continue to provide quality programs to Chicago residents most in need.
For more information and tickets options for Cara’s Summer Social, visit the event page.