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Victoria’s Secret closures claim at least three stores in Indianapolis area

August 18, 2020 | IBJ Staff

At least three Victoria’s Secret stores at some of the area’s largest shopping malls have closed permanently as part of the parent firm’s plan to eliminate 251 stores in North America this year.

Carmel design center adding Le Peep as tenant

August 17, 2020 | Mason King

The group that owns and runs Le Peep restaurants in central Indiana is planning an eighth location.

Simon partnership adding Lucky Brand to growing stable of retailers

August 14, 2020 | Mason King

News of the $140 million deal comes in the same week that Simon Property Group and Authentic Brands Group agreed to acquire legendary clothier Brooks Brothers.

Finish Line’s British buyer starts to hit stride in U.S.

August 13, 2020 | Greg Andrews

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 […]

Simon Property, Authentic Brands buying Brooks Brothers for $325M

August 12, 2020 | Associated Press

The venture between Authentic Brands Group and Simon Property Group will continue running at least 125 of Brooks Brothers’ 200 stores as part of the deal.

Décor: Try using wallpaper in places other than on the wall

August 6, 2020 | Joseph Pubillones, Special to IBJ

Wallpaper comes in and out of style but it’s currently experiencing a surge in popularity. Designer Joseph Pubillones says it can be used on more than just walls.

Parent of Men’s Wearhouse, Jos. A. Bank goes bankrupt

August 3, 2020 | Bloomberg News

Tailored Brands, the owner of Men’s Wearhouse, Jos. A. Bank and K&G Fashion Superstore, has 11 total stores in the Indianapolis area.

IBJ panel discussion: Tech leaders say firms must do more to diversify staff, networks

July 31, 2020

The panel was Cummins Inc. Chief Information Officer Sherry Aaholm, Indy Women in Tech community engagement strategist Ariel Crawley, Vertex Intelligence CEO Tyler Foxworthy, TechPoint CEO Mike Langellier, Eleven Fifty Academy Chief Operating Officer Dewand Neely and Scale Computing CEO Jeff Ready.

Luxury retailer Louis Vuitton to open first Indianapolis store

July 30, 2020 | Susan Orr

Louis Vuitton is ranked as the world’s most valuable luxury brand, with a value of $47.2 billion, topping Chanel, Hermes, Gucci, Rolex and others.

eHealth planning hiring surge at north-side regional headquarters

July 28, 2020 | IBJ Staff

The company said it plans to hire 150 sales agents who will work from home during the pandemic, just like the firm’s existing local workforce of 190.

More twists, turns in CNO’s surreal hedge fund odyssey

July 24, 2020 | Greg Andrews

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.

Simon Property-backed venture makes offer to buy Brooks Brothers

July 24, 2020 | Associated Press

Under the terms of the agreement, the Simon-back venture intends to purchase substantially all of the iconic retailer’s global business operations as a going concern. It has committed to acquiring at least 125 Brooks Brothers retail locations.

Fast 25: Virus forces fast-growing firms to retool on the fly

July 24, 2020 | Marc D. Allan

The pandemic has changed business in ways great and small, and it’s required companies to adapt quickly.

David’s Tea closes Fashion Mall store, exits U.S. market

July 20, 2020 | Susan Orr

The struggling Canada-based retail chain is closing all 42 of its stores in the United States as it restructures its finances.

New York & Co. parent files for bankruptcy, might close all stores

July 13, 2020

Established in 1918, RTW Retailwinds operates nearly 400 locations in 32 states, including four in Indiana.

Simon Property Group diving into retail ownership

July 10, 2020 | Greg Andrews

Simon is veering into retailer ownership in a substantial way, emboldened by its successful partnership with two other firms to buy the teen-oriented mall chain Aeropostale out of bankruptcy court in 2016.

Retailer Brooks Brothers, worn by Lincoln and Kennedy, goes bankrupt

July 8, 2020 | Associated Press

The struggling retailer, which was sued last month by Simon Property Group for unpaid rent, plans to close a quarter of its stores.

Jeans retailer Lucky files for bankruptcy, with Simon-affiliated group bidding to buy company

July 5, 2020 | Associated Press

Lucky said it plans to close 13 stores and could shutter more during the bankruptcy process.

Senators press NCAA for coronavirus rules, criticize schools’ liability waivers

July 1, 2020 | The Washington Post

To this point, having received recommendations but no mandates from the Indianapolis-based NCAA, universities have implemented widely varying plans to deal with the novel coronavirus for the upcoming academic year.

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