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]
Perry Ellis International Inc., is a mix of American sportswear and contemporary fashion, airport officials said."/>
BRIEF: Original Penguin store opens in Miami airport [Sun Sentinel]
Carnival Corp.& PLC had higher-than-expected earnings during this third quarter, aided partly by higher ticket prices and lower fuel costs. On Monday, the world's largest cruise operator announced it generated profit of $1.4 billion, or $1.93 cents a share, in the fiscal quarter ending Aug. 31. That compared with profit of $1.2 billion, or $1.56 cents a share, in the same period in 2015.."/>
Carnival Corp. posts $1.4 billion profit in third quarter [Sun Sentinel]
Thor Industries reported record sales and earnings for the fourth quarter and fiscal year ending July 31.. The Elkhart-based recreational vehicle company's sales for the fourth quarter were a record $1.29 billion, up from $1.06 billion in the fourth quarter last year. Net income from continuing operations for the fourth quarter was $82.8 million, up 20 percent from $69 million in the prior-year fourth quarter."/>
Thor reports record fourth-quarter sales [South Bend Tribune, Ind.]
Universal Technical Institute, Inc., the nation's leading provider of transportation technician training, today announced a Financial Improvement Plan with the goal of generating operating income and improved levels of EBITDA in 2017.. The Company expects the Plan to better align its corporate structure with its current student population, while better positioning UTI for success and future growth. As a part of the Plan, the Company..."/>
Universal Technical Institute Implements Financial Improvement Plan to Deliver $25 to $30 Million in Annualized Savings in 2017; Reaffirms 2016 Fiscal Year Outlook
Performance Sports Group Ltd., representing approximately 3.23% of the outstanding common shares of the Company."/>
Brookfield Capital Partners Ltd. Discloses Increase in Ownership of Common Shares of Performance Sports Group Ltd.
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
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 []
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 []

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