Industry News

AutoCanada Inc. announced today that it has entered into an agreement to purchase all of the issued and outstanding shares of Wellington Motors Limited, which operates a Chrysler Dodge Jeep Ram Fiat dealership in Guelph, Ontario. The transaction is subject to customary closing conditions and approvals and is expected to close within 21 days. As part of the transaction, AutoCanada will purchase the Dealership lands and 40,793 square foot facility with a..."/>
AutoCanada Inc. Announces the Acquisition of Wellington Motors Limited
Marriott International today officially opened the doors of its first Marriott Hotel in Rwanda, bringing the signature brand's welcoming service and world-class amenities to sub-Saharan Africa for the first time in its nearly 90- year history. "Rwanda is going through an economic transformation and we are proud to be a part of it," said Marriott International President and CEO Arne Sorenson, who attended the Kigali Marriott's opening..."/>
Marriott International Opens Doors for Business, Tourism and Career Opportunities in Rwanda
Hero MotoCorp Ltd, the market leader, on Monday said it dispatched 674,961 units in September, up 11% over a year ago."/>
Hero MotoCorp, Honda claim record two-wheeler sales [Mint, New Delhi]
McDonald's all-day breakfast menu, the fast food giant's most successful promotion in recent years, turns 1 this week. To celebrate, the chain is putting more on the griddle. All-day breakfast has been a huge driver in McDonald's effort to turn around years of lagging sales."/>
McDonald's all-day breakfast turns 1; chain bolsters menu to keep momentum [Chicago Tribune]
Cabela's for $4.5 billion. "The story of each of these companies could only have happened in America, made possible by our uniquely American free enterprise system," said Jonny Morris, founder and CEO of Bass Pro Shops. "We have enormous admiration for Cabela's, its founders and outfitters, and its loyal base of customers.""/>
Bass Pro Shops to acquire Cabela's for $4.5B [Dayton Daily News, Ohio]
Marchex said Monday that its CEO and chairman are resigning, just weeks after the company announced layoffs and a large quarterly loss. Pete Christothoulou, Marchex CEO and co-founder, and board chairman Clark Kokich are leaving the company, effective immediately, the company said in a news release Monday. Board member Anne Devereux-Mills, a former executive at Omnicom Group, a marketing company, has been named chairman."/>
Marchex shakes up executive ranks [The Seattle Times]
Cabela's announced Monday they have agreed on the details of a long-anticipated $5.5 billion merger. It's unclear exactly how the deal-- in which the privately held Bass Pro Shops will acquire the publicly traded Cabela's for $65.50 per share-- will affect Lehigh Valley fans of Cabela's or the inclusion of a new Bass Pro Shops location in development plans for Bethlehem's South Side. Sands Casino Resort Bethlehem is leading the plan to..."/>
Will merger with Cabela's end plans for Bass Pro Shops store in Bethlehem? [The Morning Call (Allentown, Pa.)]
Buffalo Wild Wings, has left the restaurant company, a shake-up in its executive suite after an activist investor publicly called for a change in direction. Benning's "responsibilities have been absorbed as part of an organizational change within the company," Buffalo Wild Wings said in a statement Monday. "We wish her well as she pursues other career opportunities and thank her for her service to the company.""/>
Buffalo Wild Wings chief strategy officer exits, weeks after pressure from activist shareholder [Star Tribune (Minneapolis)]

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