Industry News

Hindustan Unilever Ltd, India's largest consumer packaged goods company by sales, has decided to shutter its coffee retail chain Bru World Cafés five years after launching it. "We have decided to close our Bru World Cafés," a company spokesperson confirmed in an email on Monday, adding that the cafe chain was launched to enable the brand to have a deeper consumer engagement. "These learnings have helped us to bring more consumer-relevant innovations, which has..."/>
Five years after launch, HUL shuts down Bru World Cafe chain [Mint, New Delhi]
ShopClues plans quiet Diwali in profits push [Mint, New Delhi]
Flexsteel Industries plans to close a 120- year-old plant in Dubuque in December 2017 and has not decided where it will construct a replacement factory. The Dubuque-based furniture manufacturer cited the age of the facility at 3400 Jackson St., which dates back to 1897, saying the plant has become inefficient for manufacturing and costly to maintain. The company employs 250 associates at the factory, with 185 represented by the United Steelworkers Local 1861,..."/>
Flexsteel closing 120-year-old Dubuque plant in December 2017 [The Gazette, Cedar Rapids, Iowa]
Buffalo Wild Wings, Hobby Lobby and Elevation Burger."/>
Hibachi restaurant plans to open in Bangor [Bangor Daily News, Maine]
UNIFIRST CLOSES USD 122 M ACQUISITION OF ARROW UNIFORM. US-based work uniforms and facility services provider UniFirst Corp. has completed its acquisition of US-based Arrow Uniform for approximately USD 122 m, the company said."/>
M and A Navigator: Deal pipeline –26 September
Five Below Inc. is moving its headquarters across Center City to the former Lit Bros. building at 701 Market St. and taking over some of the one-time department store's retail space, according to two people with knowledge of the company's plans. Five Below plans to lease 180,000 square feet of office space and 15,000 square feet of retail space in what is now known as the Lits Building, according to one of the two people. The discount teen-oriented store, which is receiving..."/>
Five Below chooses Lits Building for new Center City headquarters [Philly.com]
HeadsUp Entertainment International Inc. has agreed to acquire the assets of US-based daily fantasy sports and social gamification company Fanlogic LLC, the company said. Fanlogic is a social fantasy platform provider for in-game, daily, weekly, season-long, on-demand, eSports or event-driven fantasy games and promotions. Social, free to play fantasy games, for the purpose of customer acquisition and..."/>
HeadsUp Entertainment to Acquire Assets of Fantasy Sports Firm Fanlogic
Comcast Corp.' s discounted internet service for low-income families. "My message is leveling the playing field," Joyner-Kersee said, referring to the low internet-adoption rates among low-income families during an interview at the Comcast Center. She said Comcast called "to see if I had an interest" in speaking for..."/>
Olympian Joyner-Kersee pitches Internet Essentials for Comcast, tours Philly [Philly.com]
Radio One, Inc. is the proud media sponsor of the Smithsonian's National Museum of African American History& Culture that officially opened Saturday, September 24, 2016. As the largest African American owned multi-media company in the country, Radio One, Inc. is the media company uniquely capable of delivering promotional support and coverage of this week's festivities through its robust urban radio, television, digital media and..."/>
Radio One Proudly Serves As Media Sponsor Of The Smithsonian's National Museum Of African American History & Culture
Hyatt Hotels Corp. plan to convert the James Robertson building in Nashville, Tennessee, into a 191- room luxury hotel at an estimated cost of $50 million. The hotel will be part of The Unbound Collection by Hyatt and is expected to open in late 2017.. HRI Lodging LLC, the hotel management division of HRI Properties, will manage the hotel, The property is located at 118 Seventh Ave. in downtown Nashville and is on the National Registry of..."/>
BRIEF: HRI Properties working with Hyatt Hotels on Nashville property [The Advocate, Baton Rouge, La.]
Torstar Corporation announced today that it has completed the sale of the land and buildings in Vaughan that were previously used to operate the Toronto Star printing facility for a purchase price of $54,250,000.. Torstar Corporation is a broadly based media company listed on the Toronto Stock Exchange. Its businesses include the Star Media Group led by the Toronto Star, Canada's largest daily newspaper and Free Daily News Group Inc., which publishes the..."/>
Torstar Corporation: Torstar Announces Completion of Sale of Vaughan Printing Facility & Surrounding Lands
Office Depot Inc. continues to optimize its store footprint in North America, including approximately 300 store closures of Office Depot and OfficeMax stores by 2018," said Julianne Embry, a spokeswoman for the company. While the OfficeMax, located near Target is closing, the Office Depot located down the..."/>
BRIEF: Panama City OfficeMax to close [The News Herald, Panama City, Fla.]

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