Day: November 23, 2020

Hackers impersonate ASDA CEO Roger Burnley in free £35 gift box shopper scam

Cyber criminals are targeting ASDA shoppers on Facebook with a sophisticated new online scam, purporting to be from the supermarket’s CEO Roger Burnley.

The fraudulent page has been uncovered by the Parliament Street think tank’s cyber research team, who issued a warning to consumers via social media.

The scam begins with a fake Facebook page called “ASDA Stores” offering a free £35 giftbox, alongside an image of man in a warehouse next to ASDA branded cardboard boxes. The random man, who is wearing glasses, dressed in blue jeans and scruffy shirt and is not the current CEO Roger Burnley.

The accompanying text reads: “My name is Roger Burnley and I am the CEO of ASDA Inc. I have an announcement to make – To celebrate our 71st Anniversary this year we are giving everyone who shares and comments by 11.59pm tonight one of these gift boxes

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Cineworld secures £560m cash lifelines as Covid closes cinemas

Cineworld, the world’s second-largest movie chain operator, has secured financial lifelines worth $750m (£560m) to weather the coronavirus pandemic.

London-listed Cineworld, which shut all of its 660 movie theatres in the US and the UK in October, said the financial agreements mean it has enough liquidity to make it through next year – as long as cinemas are allowed to reopen by May.

The company has agreed financial measures with lenders including a new $450m debt facility. Other agreements include a waiver on all covenants on payments on its debt – which stands at $4.9bn – until June 2022 and an extension on its $111m revolving credit facility to 2024. In addition, Cineworld has accelerated the closure of its US tax year which will generate a $200m tax refund early next year.

“The measures we are announcing today deliver over $750m of extra liquidity to support our business,” said Mooky

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Guitar Center files for bankruptcy court protection

Guitar Center has filed for Chapter 11 bankruptcy protection, becoming the latest nonessential retailer to fall victim to the pandemic.

Bloomberg’s Katherine Doherty reported:

Guitar Center Inc., the largest U.S. retailer of music instruments and equipment, filed for bankruptcy after the coronavirus pandemic kept customers at home and job losses made them less able to afford new gear.

The filing in the Eastern District of Virginia gives the company a break on its debts by letting it stay in business as it seeks to carry out a restructuring plan. A turnaround will be complicated by the fact that the company’s stores were shut in mid-March to help stop the spread of the Covid-19 outbreak. It has reopened locations while maintaining e-commerce operations.

Alexis Benveniste from CNN wrote:

Guitar Center has 269 locations, many of which are in malls that had been struggling long before Covid-19. Foot traffic in

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