Business

Towson-based Sylvan Learning is laying off dozens of workers just months after being acquired by a Texas franchise portfolio company. Sylvan Learning notified 48 workers on Tuesday that they will be laid off after 60 days, according to a Work Adjustment and Retraining Notification (WARN) log filing and a company spokesperson.

A Montgomery County wine company is raising money to expand its retail footprint and eventually open a tasting room in Greater Baltimore. Boyd Cru Wines wants to raise $124,000 through community investors to help its various growth efforts throughout the region. The 1-year-old company hopes to establish a brick-and-mortar space and a community marketplace in Greater Baltimore and expand its distribution.

A $30 million Security Square Mall revitalization project in Baltimore County is now in its design phase. Community leaders are working with a design team to reimagine the mall and bring more foot traffic to the area. Haki Ammi told WJZ that he’s lived across from Security Square Mall for more than three decades and he held his first job there while in high school.

Ravens coach John Harbaugh was sitting around with his younger brother Jim about five years ago enumerating the many occasions their father, Jack, told the stories that shaped their coaching careers. “These lessons that you learn, it can’t just be us,” John said. “We’re gonna forget these stories. We need people to hear these stories.

The U.S. Department of Commerce has awarded a 2024 President’s “E” Award for Export Service to the Center for Global Business (CGB) at the University of Maryland’s Robert H. Smith School of Business. A founding member of the MAPIT Alliance (Maryland Partners in International Trade), Smith’s CGB was recognized for significant contributions over the past four years to expand U.S. business in international markets — contributing to national export expansion efforts that support the U.S. economy and create American jobs.

National restaurant chain Red Lobster Management LLC, and its related subsidiaries, announced late Sunday that it has voluntarily filed for Chapter 11 bankruptcy relief in the U.S. Bankruptcy Court for the Middle District of Florida. The news came via an 11:34 p.m. release distributed by the company. Orlando-based Red Lobster said the filing is part of a reorganization to maintain the business as a going concern so it can sell to a buyer.

Business is down considerably for a company that sails charter trips around the Baltimore harbor, but the hope is to get back to normal soon. Ever since the collapse of the Francis Scott Key Bridge on March 26, Capt. Bobby LaPin, the owner of Boat Baltimore, said his business has been down 23% compared to this same time last year.