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Pizza Hut is on a mission to inject 1990s nostalgia straight into the veins of Gen X and millennials. Hundreds of locations are being remodeled with red cups, stained-glass lamps, old-school salad bars, and Pac-Man games in an effort to make them look the way they did when your crush wore JNCO jeans.
In all, 144 dine-in eateries have been converted into “Pizza Hut Classics” since 2019, when the company partnered with franchisees to turn back time. Tim Sparks, the president of Daland Corporation, which operates 93 Pizza Hut locations, has already put 38 spots through a time machine. CBS reported last week that those eateries are among Daland’s top performers. with some customers making three-hour trips to visit them.
The Hut has been getting outpizza’d: Pizza Hut announced in February that it was closing 250 locations due to lagging sales. Contrast that with Domino’s, which is expanding, despite being decades late to stuffed-crust pizza.
In true commitment to the bit, Pizza Hut is reheating its “BOOK IT!” summer reading program that dates back to the 1980s and incentivizes kids to pick up a book in exchange for pizza. Enrollment is underway for children in pre-K through sixth grade, and the program starts on June 1.
Record 274 climbers summit Everest from Nepalese side in single day
Climbers take advantage of clear weather after threat of ice fall on normal route delayed start of spring season
A record 274 climbers have reached the summit of Mount Everest from the Nepalese side in a single day after a spring season that started late because of the threat of ice fall on the normal tourist route.
The climbers took advantage of the clear weather on Wednesday, said Rishi Ram Bhandari, of the Expedition Operators Association Nepal.
“This is the highest number of climbers in a single day so far,” Bhandari told Reuters, referring to the Nepali record, adding that the number could rise as some climbers who had summited might not have informed the base camp yet.
Members of an expedition team at Khumbu icefall last month. Photograph: Purnima Shrestha/Reuters
All but one of the climbers reached the summit assisted by Sherpa guides and using supplementary bottled oxygen. The Ecuadorian climber Marcelo Segovia summited while climbing independently and without oxygen.
Mountaineering experts often criticise Nepal for allowing large numbers of climbers on the mountain, which sometimes leads to risky jams or long queues in the “death zone” area below the summit, where the level of natural oxygen is below what is required for human survival.
The large convergence on a single day appears to have occurred as climbers who had been waiting in higher camps for better wind conditions were joined by climbers from lower camps, with some reporting queues and a slow pace of ascent.
The 8,849-metre (29,032ft) peak can be scaled from either the southern side in Nepal or the northern face in China’s Tibet. On 22 May 2019, Nepal’s side had 223 and the Chinese side had 113 climbers on the summit. Chinese authorities, however, have closed the route this year.
Kami Rita Sherpa scaled the peak for the 32nd time this week. Photograph: Purnima Shrestha/Reuters
This week, the veteran mountain guide Kami Rita Sherpa scaled the peak for the 32nd time, breaking his own record for the most summits of Everest. His closest rival, Pasang Dawa Sherpa, scaled the peak for the 30th time this week. Also, Lhakpa Sherpa scaled Everest for the 11th time, topping her own record for the most summits by a female climber.
This year’s Everest climbing season began late because of the risk from a huge serac, glacial ice cliff, hanging over the key route to the summit.
There are 494 climbers and an equal number of Sherpa guides expected to attempt to scale the mountain by the end of May, when the climbing season on the peak ends.
Thousands of people have climbed Everest since it was first scaled on 29 May 1953 by Sherpa Tenzing Norgay and the New Zealander Edmund Hillary.
A Department of Tourism official, Himal Gautam, said he had received preliminary information that more than 250 people climbed the peak on Wednesday.
Members of an expedition team head to Everest’s Camp 2. Photograph: Purnima Shrestha/Reuters
“We wait for climbers to return, give us photographs and other evidence to prove their ascents and provide them with climbing certificates,” Gautam told Reuters. “Only then we will be able to confirm the numbers.”
Nepal has issued 494 permits to climb Everest this year, each costing $15,000.
Data Source: Forbes, Photos: Getty, Designer: Jessica Russo
The most valuable soccer teams are dominated by clubs in the English Premier League, with six in the Top 10 and 11 in the Top 30. No US-based MLS team is higher than 17, and only one team from the French league is in the Top 30. But money isn’t necessarily everything, because Paris Saint-Germain, the fifth-most-valuable team, according to Forbes, just won the Champions League for the second year in a row last weekend.
A note about the most expensive team: Real Madrid had a record 2024–25 season, bringing in $1.27 billion in revenue. That figure not only beats every other soccer team but also surpasses the NFL’s Dallas Cowboys’ $1.23 billion in 2024 season revenue, which previously set the record for highest revenue from a sports team, per Forbes.
Private equity gets in on the pitch. There is a smattering of private equity dollars in the Top 10 clubs: Qatar Sports Investments (which is government-backed) owns Paris Saint-Germain, while Clearlake Capital has a majority share of Chelsea.
On Wednesdays, the Brew’s Sam Klebanov highlights a fascinating stock, commodity, or other asset that’s worth your attention.
Investors are dumping IOUs from Uncle Sam. Government bond prices fell this week, pushing 30-year yields—which move in the opposite direction to prices—to 5.19% yesterday, the highest level since July 2007.
Everyone is worried about inflation accelerating:
Analysts say the risk of prices rising faster due to a prolonged Strait of Hormuz closure has investors expecting that the Fed won’t lower borrowing costs this year, which makes the current bonds that offer lower interest look as appealing as a hot tub in July.
The market went from anticipating three rate cuts this year to now a rate hike.
Growing government debt further cheapens federal bonds. The US national debt for last year’s Q4 was 122% of GDP, up from 105% during the same period in 2019.
This affects you even if you’re not a bond trader. Rising government bond yields can translate to higher mortgage rates and more expensive auto loans.
On Fridays, the Brew’s Dave Lozo looks at a sports business story that says a lot more than just the final score of a game.
Kansas City Chiefs tight end and frequent subject of Taylor Swift songs Travis Kelce became a minority owner of MLB’s Cleveland Guardians this week, joining a long line of athletes to dip a toe into sports team ownership.
“The opportunity came across my desk and I just couldn’t say no,” said Kelce, a Cleveland Heights native who shocked many by revealing that he owns a desk. Kelce’s share came out of the 35% stake owned by Blackstone exec David Blitzer, who can become the majority owner after the 2027 season.
Other athletes with ownership stakes in pro teams include: LeBron James (Boston Red Sox, Pittsburgh Penguins); Tom Brady (Las Vegas Raiders and Aces); David Beckham (Inter Miami CF); Giannis Antetokounmpo (Milwaukee Brewers); and Kelce’s teammate, Patrick Mahomes (Kansas City Royals).
Sports team valuations have soared to new heights, and the Guardians are no exception. Per Forbes, the team was valued at $920 million in 2017 but is worth $1.7 billion today.
Disney has a lot riding on a little alien child. The Mandalorian and Grogu officially hit theaters yesterday, and the entertainment giant desperately needs Baby Yoda to revive the famous franchise’s fading box-office appeal.
But the Force may not be strong with this one. The film is at risk of having the worst opening for any Star Wars movie ever:
The Mandalorian and Grogu is projected to make $80 million to $100 million domestically this weekend. That would be less than Solo: A Star Wars Story, which is the franchise’s only film to lose money (so far).
In revenue from preview viewings, TheMandalorianand Grogu is already behind Solo, which also premiered over Memorial Day weekend (in 2018).
Potential obstacles: The film is a continuation of a Disney+ series that first endeared viewers to Baby Yoda in 2019. Potential audiences might assume the show is a prerequisite for understanding the movie. And some series fans may not be interested in the flick, either—reviews for the show had soured by its third and final season, which aired in 2023.
So, why send Grogu to the big screen? Possibly because his adventures with Pedro Pascal’s Mando are the most family-friendlyStar Wars content around, and Memorial Day weekend is prime time for casual movie theater walk-ins. Plus, if the film disappoints at the box office, some analysts say it could still spur a Grogu merch resurgence.
High stakes, these are
Disney could use a win with Star Wars fans who were concerned with the company’s 2012 acquisition of Lucasfilm, the franchise’s production company.
The first rebooted Star Wars film, The Force Awakens, smashed the box office in 2015 and became the highest-grossing film domestically in US history, but momentum has since slowed. The 2019 film The Rise of Skywalker—the most recent Star Wars movie—earned mixed reviews and half as much money as The Force Awakens.
Meanwhile…Disney’s superhero movies are also struggling at the box office. Warner Bros.-owned DC’s Supermanoutgrossed every Marvel release last year, breaking a 17-year winning streak for the MCU.
FIFA’s global media rights for World Cup 2026 are like a kids’ rec soccer game: slow-going, messy, and featuring many players who aren’t doing what the big bosses wish they would.
It’s all in the timing. In big countries where swaths of the population will be asleep or groggy when the North America-based games kick off, FIFA may be getting less money from broadcasters than it was hoping for:
Last week, FIFA finally reached a broadcast deal with India, the world’s most populous country, after cutting its asking price from $100 million to $60 million. The final amount may have been lower—an Indian broadcaster that paid $60 million for the 2022 rights ultimately lost money, and that World Cup was hosted in Qatar, a much closer time zone.
China, the world’s second-most-populous country, reached a late-stage deal with FIFA last month that valued the 2026 World Cup rights at $60 million—down from the $300 million FIFA reportedly originally sought there—at least in part because of the massive time difference between China and North America, the Associated Press reported.
Meanwhile…the TV operator that aired the World Cup in Malaysia for more than two decades will pass the torch to a public broadcaster this year, after saying “rampant piracy” had heavily devalued the rights.
Even so…FIFA expects record broadcast revenue from this World Cup, propelled by lucrative deals in North America and Europe. Also, this year’s tournament expanded to have 104 matches instead of 64, which gave FIFA more content to sell to broadcasters.
Waymo and its self-driving cars are used to making waves, but this isn’t what they had in mind. After several incidents of its robotaxis driving into floodwaters, the company announced on Thursday that it’s temporarily halting its service in Atlanta, Austin, Dallas, and Houston due to inclement weather.
So, what happened? During a bout of heavy rain in Atlanta on Wednesday, an empty Waymo car Leeroy Jenkins’d into a flooded street and got stuck. Elsewhere in the city, a different Waymo vehicle with a journalist inside also repeatedly tried its hand at self-boating.
There were precipitating events: Waymo had already halted service in San Antonio last month over a similar incident. And last week, the company issued a recall on thousands of its vehicles to perform a software update aimed at solving the problem. According to Waymo:
The update—meant to be a temporary fix—instructed vehicles not to drive when there’s an elevated risk of flooding.
But that didn’t work in Atlanta, because the flooding started before emergency alerts were sent out.
Waymo said it’s working on additional software changes and will monitor conditions to decide when it can safely lift the service suspensions.
Big picture: Waymo says data proves its vehicles are safer drivers than humans when it comes to avoiding collisions that result in injuries. But its robotaxis are under federal investigation for failing to stop for school buses and for striking a child in California, causing minor injuries, the company told the National Highway Traffic Safety Administration.
The Supreme Court of Canada recognized intimate partner violence as a new civil wrong on Friday. The majority said it is a “pernicious social ill” that the law must address.
Six justices decided to recognize intimate partner violence as a new tort—an act or omission that injures another, constituting a civil wrong that attaches liability. Justice Nicholas Kasirer, for the majority, accepted that intimate partner violence offends the victim’s dignity, autonomy and equality in a relationship that existing tort law fails to capture. The law cannot sufficiently compensate the victims because it fails to recognize the violence as a cumulative pattern of coercive control, its disproportionate impact on women and its aggravated distinct nature in the intimate partnership setting.
To claim the tort, a plaintiff needs to establish that the defendant intentionally engaged in the abusive conduct, arising from an intimate relationship and that it amounts to coercive control objectively. In her concurring opinion, Justice Andromache Karakatsanis would have included acts or threats of violence that cause physical or psychological harm, instead of limiting the tort to objective coercive control.
The three dissenting justices described this development as “unprecedented” in the common law tradition, as they considered the majority to be formulating the tort from a vacuum of comparative law or legal commentaries. They criticized the majority for creating legal uncertainty, as there is limited guidance on the scope of coercive control and the quantification of damages under the new tort. Several justices previously expressed this concern in the hearing.
Kate Feeney, litigation director at advocacy group West Coast LEAF, said the ruling is a “groundbreaking step” towards addressing discrimination against survivors of intimate partner violence. Niki Sharma, the Attorney General of British Columbia, also welcomed the ruling, adding that:
This ruling will make a meaningful difference for survivors and build on the work underway in British Columbia to better support them, including initiatives such as the Family Law Act modernization project, the Intimate Images Protection Act and our advancing work related to Dr. Kim Stanton’s recommendations to address systemic and legal barriers in BC’s legal system.
Relatedly, New Brunswick’s legislature is also moving to remove the limitation period for intimate partner violence victims to initiate a claim against the perpetrator.
According to police-reported data, there were 356 victims of intimate partner violence per 100,000 population in Canada in 2024. This represented a 14 percent increase from 2018. The rate of women and girls being victims of intimate partner violence was 3.5 times higher than that of men and boys in 2024.
The case, Ahluwalia v. Ahluwalia, concerns a wife who suffered from intimate partner violence in a 16-year marriage. The complained conduct included physical assault, humiliation, isolation of the wife from family, pressure for sex through mistreatment, and financial control. Ruling in favor of the wife, the trial judge recognized the novel tort of family violence. However, the Court of Appeal for Ontario unanimously declared that the law should not recognize the new tort.
More than a decade after leaving his athleisure company, Chip Wilson is still trying to steer what he sees as a sinking ship. He’s currently trying to convince shareholders to overhaul Lululemon’s board, which prompted the company to call Wilson’s perspectives “misguided” and “outdated” yesterday in its first public response to the founder.
“Mr. Wilson has shown that he does not have a full understanding of the business today or the brand’s future potential and remains intractably focused on the past,” Lululemon wrote, urging shareholders to back the company’s existing board members.
“The board has not provided me with detail on where our disagreements lie,” Wilson, who has a history of making insensitive comments, said after Lululemon released their roast letter.
For context, Lululemon’s revenue tripled in nine years after Wilson left the board in 2015, per Fortune, but its stock is now down ~75% from a 2023 peak. US sales have slid amid competition from the likes of Vuori and Alo, plus tariffs and a general consumer spending pullback.
Wilson, Lululemon’s second-largest shareholder, has bashed the company’s DEI efforts and argued that Lululemon lost its “cool” factor. “A company bereft of a visionary loses its singular voice for product and long term strategy,” he wrote in a Wall Street Journal ad last year.
Looking ahead…shareholders will vote on Wilson’s and Lululemon’s competing board nominees on June 25.
Not since Hobbs & Shaw teamed up has there been this kind of buzz about an unlikely pairing. A new pocket watch from Swatch and Audemars Piguet (you decide which one is The Rock) is out today after a week of anticipation that included long lines and hype created by AI photos.
The collection is called Royal Pop, which sounds like a game you will never download despite the 40-second ads for it everywhere. It can be worn around the neck like a pendant, comes in eight bright color combinations, and Audemars Piguet hopes that, at ~$400 apiece, the luxury watchmaker can reach a broader, younger audience.
Swatch needs a hit, too: The company saw a 6.75% drop in sales and a 55.6% decline in operating profit in 2025, which is why an activist shareholder is applying pressure.
Twisted-wristers: Buzz and endless lines outside stores were created when pictures of wristwatches “leaked,” but turned out to be fake AI images. The real pocket watches were a disappointment to some, although one expert said they could be worth as much as $2,500 on the resale market.
But…vendors in Singapore and China are already working on manufacturing wrist straps that can house the timepiece and will be ready within weeks of today’s release.
Author: R.G.Richardson
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