Instacart goes from supermarket to stock market, raising $660M with IPO
The pricing of the IPO gave Instacart a market value of around $10 billion, significantly lower than the $39 billion value placed on it after a fundraising round in 2021.
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IBJ Podcast: Restaurateur Cunningham on Pacers’ Commission Row, other new concepts for Indy
The founder of Vida, Livery, Bru Burger Bar, Rize and more than a dozen other concepts says Cunningham Restaurant Group could grow from about 40 eateries to as many as 60 in three years.
Retail sales rose 0.6% in August, largely due to spike in gas prices
The most recent quarterly financial reports from retailers showed that Americans remain cautious as higher interest rates make cars, homes or using credit cards more expensive.
Carmel tavern/brewery owner planning new project on city’s Main Street
Kevin Paul, who owns Brockway Public House, Danny Boy Beer Works and The GOAT, is seeking to open Boneyard Bar & Restaurant in Carmel.
Rise’n Roll Bakery closing two Indy locations, plans to open another
Rise’n Roll Bakery, known for its doughnuts and Amish Country goods, announced the closures Thursday while confirming plans for a new store in Nora and possibly another one in a northern suburb.
Investor drops lawsuit against Noble Roman’s
North Dakota-based restaurant company BT Brands, which dropped its lawsuit against Noble Roman’s late last week, said it will continue in its efforts to effect changes to the Noble Roman’s board of directors.
Upland’s College Avenue location to add a barber shop
The Upland restaurant and bar will devote 400 square feet to Black Orchid, which presently operates three central Indiana shops.
Businesses along U.S. 31 will be forced to move with construction. They say it’s unfair.
Since, 1968, Wilson Farm Market has operated along U.S. 31 in Arcadia, overseen by three generations of Wilsons. However, that might not be true for the next one.
Mass Ave retailer Homespun: Modern Handmade to close
Shop that sells goods made by Midwest artisans opened in Irvington in 2010 and moved to Mass Ave in 2014.
Local coffee shop to take former Starbucks spot on Monument Circle
Command Coffee has signed a long-term lease for the space, which Starbucks vacated late last year, citing concerns about the safety of its employees.
Food ads in crosshairs as Burger King, others face lawsuits for false advertising
Food ads have long made their subjects look bigger, juicier and crispier. Some consumers say those mouthwatering ads cross the line into deception, and that’s leading to a growing number of lawsuits.
JCPenney spending $1B on store, online upgrades in latest bid to revive business
The money is going toward remodeling JCPenney stores, upgrading its online shopping site and app, and making its supply network more efficient so that online orders are delivered more quickly.
Delta-8 legal dispute: Following attorney general’s guidance, industry files suit
When Indiana Attorney General Todd Rokita issued the opinion in January this year finding that delta-8 and other hemp-derived products are illegal, law enforcement around the state took note.
Bakery planned for Shelby Street corridor near Garfield Park
Cafe Babette LLC plans to take over the former location of The Garfield Eatery & Coffee, which closed in December 2016.
Moe’s Southwest Grill closes 8 of 17 Indiana restaurants, including 2 in Indianapolis
In addition to closing the two Indianapolis restaurants, the fast-casual Mexican chain closed three locations in the city’s suburbs.
Green District to exit central Indiana with closure of two salad restaurants
Green District, a salad restaurant concept founded in Louisville, has opened and closed five restaurants in central Indiana from 2019 to 2023.
Results from Nordstrom, other retailer show cautious consumer spending
The reports come as shoppers are still dealing with high inflation and higher interest rates that are making it more expensive to take out a loan or carry debt on credit cards.
Fast-growing Mom Water looks within for new CEO and COO
The Indiana beverage company has new executive leadership, but is keeping things in the family.
Freeze-dried candy business in Westfield off to sweet start
Freeze Dried Snack Co., which opened in early July, sells dozens of varieties of freeze-dried sweets, including Skittles, Jolly Rancher candies, Fruit Rollups, M&M’s and saltwater taffy.
Lafayette Square Mall owner delays reopening, developing much bigger plan
Sojos Capital principal Fabio de la Cruz—who introduced an ambitious $200 million project for the northwest-side property in November 2021—said the new master plan will require much more investment and involve multiple development partners.