Q&A: Nick Hubbard on what’s hot—and cold—in coffee
Nick, the son of Hubbard & Cravens Coffee and Tea co-founder Rick Hubbard, went into banking after graduating from Miami University of Ohio in 2003 and thought he’d stay there. Now he’s president.
Jeff Newman
Articles
Indiana Members Credit Union acquiring community bank for nearly $35M
The Indianapolis area’s largest credit union is joining a small but growing movement in the financial services industry by agreeing to acquire a community bank.
Ford Motor unit acquires DoubleMap successor Journey Holding
Journey Holding Corp.—formed this year through the merger of fast-growing Indianapolis-based tech company DoubleMap Inc. and Salt Lake City-based Ride Systems LLC—is being acquired by a transit-systems technology unit of Ford Motor Co.
Butler Toyota acquired by Georgia-based dealership giant
Asbury Automotive Group, the nation’s seventh-largest auto retailer, now has made four acquisitions in the Indianapolis area totaling more than a quarter-billion dollars since 2017. Butler is being rebranded as part of the purchase.
Five more Scotty’s Brewhouse locations call it quits
The corporate owner of many of the remaining Scotty’s Brewhouse restaurants said it had closed all of its operations. The decision leaves less than a handful of independently owned Scotty’s locations.
Real estate company sues law firm over HHGregg property deal gone awry
A Carmel-based plaintiff has filed a lawsuit against Krieg DeVault, alleging the Indianapolis-based law firm’s failure to file a property deed in 2003 in a transaction involving defunct retailer HHGregg could now cost the real estate company millions of dollars.
KAR leader Hallett ‘extremely happy’ with spinoff of IAA business unit
The separation of KAR Auction Services and Insurance Auto Auctions is already creating shareholder value, CEO Jim Hallett said.
City expands pilot program in reaction to Walmart closure
City of Indianapolis officials on Wednesday decided to add more stores to a yet-to-be-launched food-insecurity program after learning that a Walmart Neighborhood Market on the far-east side was preparing to close.
Q&A with John Bales, founder of Biodynamic Ventures
Bales is among a growing number of entrepreneurs trying to get in on the ground floor of what is being called the “green rush.”
Steak n Shake in growing legal battle over overtime pay
Steak n Shake is already on the hook for $7.7 million judgment after a jury found the burger chain improperly failed to pay overtime to 286 restaurant managers. Meanwhile, plaintiffs in an even larger second lawsuit are taking aim at CEO Sardar Biglari.
Cincinnati-based tire chain plans seven area stores
Tire Discounters Inc., which has grown into one of the country’s largest independent tire dealers over the past decade, is rolling into the Indianapolis area this year with multiple locations.
Steak n Shake opens new-concept restaurant on city’s northwest side
The new model fits right in with Steak n Shake’s growing strategy to escape its roots as a sit-down diner and become more of a chain known for fast food.
Closures at Steak n Shake hit 60 this year, including five in Indy area
Steak n Shake has closed dozens of company-owned restaurants since the beginning of the year, but says those closures are temporary while it looks for franchisees to take over their operations.
Lids Sports Group leaving Zionsville HQ for smaller office space
Three years after moving into a brand new $22 million headquarters building in Zionsville, Lids Sports Group is moving its offices to the northwest side of Indianapolis.
Local lender files $20M lawsuit against fast-food franchisee
An Indianapolis-based company that specializes in lending money to restaurant franchisees has filed suit against the operator of 70 fast-food restaurants in Indiana and three other states, claiming it breached its loan agreements.
Tide Cleaners planning to open five Indy-area franchises
The best-known name in detergents is about to bring its fast-growing laundry-services business to the Indianapolis area after acquiring five local dry cleaning stores.
Q&A with Robert Hearst, owner of meat and produce grocery
In January, Hearst and his wife, Sonya, opened A&I Variety Meats and Produce, a grocery at the corner of East 38th Street and North Post Road.
Promising beer-service technology firm files for bankruptcy
SteadyServ Technologies LLC, a Fishers-based company identified as one of the most innovative startups on the planet just a few years ago, now is now struggling to survive.
Macy’s store in Indianapolis set for closure
Macy’s plans to close its store at Glendale Town Center, leaving the 60-year-old Indianapolis shopping center without its largest and oldest anchor.
Buckingham calls off plans for controversial Broad Ripple project
The proposed five-story complex, planned for the heart of Broad Ripple, drew concern from residents over potential parking issues, the height of the proposed buildings and the future of the alley running north-south through the property.