FTI Consulting will work with the Indianapolis-based company as it explores a possible out-of-court restructuring of its debt and lease obligations or a bankruptcy filing, The Wall Street Journal reported.
The chain nearly broke even in the latest quarter it reported, no small feat after losing a combined $29 million in 2018 and 2019.
Eli Lilly and Co. on Tuesday announced that it is buying New York-based Prevail Therapeutics Inc., an emerging player in the sizzling-hot area of gene therapies, which targets Parkinson’s disease and other brain-related maladies.
The Indy Chamber said the effort will create a digital first step for potential residents to “see themselves” in the Indianapolis region.
The nine-year-old Indianapolis company, which already employs more than 50 workers, said it plans to add up to 25 more by the end of 2024.
Fueled by the strong performance of Klipsch and the company’s other premium audio lines—all of which are overseen from Indianapolis by longtime Klipsch CEO Paul Jacobs—Voxx shares have risen more than 200% this year.
The new company, contract drug developer INCog Biopharma, plans to build a $60 million facility and hire up to 150 workers by the end of 2024.
Biglari Holdings’ Sardar Biglari is pushing for reforms at Cracker Barrel Old Country Store even as Biglari restaurant Steak n Shake teeters.
First Merchants has begun constructing a $2 million branch that’s expected to open in the mostly Black Avondale Meadows neighborhood in late November. It’s he most visible sign yet of sweeping changes at the Muncie-based financial institution after it settled redlining investigations last year.
The media is fascinated by what he’s up to, as the nation’s largest shopping mall owner teams with partners to buy ailing retail chains while negotiating with Amazon to fill vacant anchor spaces with distribution centers.
Even though the S&P 500 is near a record high, just 15 of 55 Indiana public companies tracked by IBJ are up for the year.
British retailer JD Sports Fashion has had the Midas touch elsewhere in the world. Now, two years after gaining a foothold in the United States by buying Indianapolis-based Finish Line Inc. for $558 million, it’s beginning to show the same winning ways in this country. “I think you would have to say it has been a […]
The Carmel-based insurer for years has been managing the fallout of a deal it cut in 2013 that was supposed to reduce risk but instead blew up in spectacular fashion.
David Simon and Bobby Taubman are battling now in court over whether Simon Property Group is obligated to complete the $3.6 billion purchase of Michigan-based Taubman Centers that it announced in February.
An investment group led by finance-industry veterans V.J. Dowling and David Delaney owns 7% of Protective’s voting stock and had proposed buying the remainder for more than $44 million.
Retail landlords received quite a jolt when they discovered that some of the most lustrous names in retail want pandemic-related rent concessions like those being offered to struggling tenants.
Signaling a legal brawl lies ahead, Taubman said Simon “continues to be bound to the transaction in all respects.”
The one-two punch of the pandemic and protest-related violence raises questions about whether downtown can recover. Experts and community leaders say yes—but only with concerted effort and strong leadership.
The owners of Centos Shoes, Red’s Classic Barber Shop and J. Benzal Menswear talked to IBJ about the damage their companies suffered after a violent weekend downtown and how they plan to move forward.