The Justice Department’s approval clears the way for a merger that will create a health care giant with a hand in insurance, prescription-drug benefits and drugstores across the United States.
Sears Holdings Corp., the struggling U.S. retailer owned by hedge fund manager Eddie Lampert, is focused on a deal that would preserve stakeholders’ value in a court restructuring, according to a person with knowledge of the matter.
Mattress Firm’s initial round of closures will include at least one store in Indianapolis and two others elsewhere in Indiana.
In a bankruptcy court filing Monday, the lenders said they had canceled a plan to auction off the company’s intellectual property. Instead, they are seeking to reorganize the assets into a new company that will invest in new retail operating businesses.
Embattled Papa John’s International Inc. founder John Schnatter has previously faced sexual harassment allegations.
Ricker’s Chairman Jay Ricker told IBJ on Thursday morning that a purchase agreement for his 39-year-old company is in place and the deal is expected to close by the end of the month.
Doughnuts are still on the menu, but the company is renaming itself “Dunkin'” to reflect the chain’s increasing emphasis on coffee and other drinks.
The street-level retail tenants in One North Penn are preparing to either relocate or close for good as the office building’s transformation gets under way.
Starbucks Corp., on a mission to move faster, is planning an organizational shake-up, including corporate layoffs, as the coffee chain tries to reverse stagnant sales and rekindle investors’ interest.
The nation’s biggest private employer asked hourly workers to rate potential incentives, including a sign-on bonus, child-care services, tutoring, pet care and gym memberships.
Merrillville-based CSC Generation Holdings Inc., which acquired Bon-Ton’s intellectual property in bankruptcy court, said Indiana was not part of its initial plan to reopen stores.
Developers of the $50 million Penrose on Mass say they’ve already signed four commercial tenants to the block-long mixed-use project that won’t open for another five months.
The company said it was in “advanced discussions with landlords” about reopening stores in Indiana and several other states. Bon-Ton closed 15 stores in Indiana this year, including the Carson’s in Circle Centre mall.
The Indianapolis-based office-supplies company had revenue near $38 million last year and is on target to hit $43 million this year. If the company hits its projections, revenue will have nearly tripled since 2013.
The restaurant closed July 30 when a vehicle fire in the World of Wonders parking garage for Circle Centre mall led to a flood. It never reopened.
The latest closure list includes 13 Kmart stores and 33 Sears stores, including one in Indiana.
Kroger Co., the biggest grocery player in the Indianapolis-area market, orders about 6 billion bags each year.
Target chief Brian Cornell says this is possibly the strongest consumer environment he’s seen in his 37-year career. Unemployment is near record lows, consumer confidence is at a 17-year high and shoppers have their wallets out.
The Indianapolis-based craft distillery plans to expand distribution to states outside of Indiana by boosting production and storage capacity.
Walmart is making a push into virtual reality, an area that holds promise for brick-and-mortar retailers struggling with the massive costs associated with store upkeep and labor.
