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BEHIND THE NEWS: Why Finish Line is betting company on Genesco buyout

July 2, 2007

Here’s a paradox: If Finish Line Inc. CEO Alan Cohen hadn’t run his company with such a conservative hand through the years, he wouldn’t have been in a position to launch the audacious acquisition of Genesco Corp.-a retailer with nearly twice the stock-market value. The fact that Finish Line carried no debt-a strategy that irked some shareholders as overly cautious-meant the Indianapolis firm had the financial wherewithal to pull off the $1.5 billion buyout. In a report, BB&T Capital Markets…

BEHIND THE NEWS: Missing the market rally: state retailers slumping

May 28, 2007

It’s a great stock market for many companies, but Hoosier retailers like The Steak n Shake Co., Finish Line Inc. and Shoe Carnival Inc. are being left in the dust. You know a retailer’s having a tough time when it says it was hurt by stormy weather, high gas prices and housingrelated woes-all at once. Steak n Shake CEO Peter Dunn put it succinctly in a conference call with analysts this month: “As gas prices go up and as interest…

BULLS & BEARS: High risk doesn’t always translate into high returns

May 21, 2007

Previously, we were discussing Jeremy Grantham’s brash newsletter about global bubbles (found at www.gmo.com). His frank talk is a bit stunning to me. Grantham’s expertise is in analyzing the relative values of various asset classes and arriving at estimates of their future returns. And he has reached an unprecedented conclusion: Over the next years, higher-risk investments will earn poorer returns for investors than lower-risk investments. Historically, investors have been compensated with higher returns for taking on more risk. In the…

BEHIND THE NEWS: Private equity players may be primping firms for IPOs

May 7, 2007

It’s an age-old strategy: A private equity firm buys a company, bolsters its performance, then pockets a tidy profit by taking it public or selling it outright. Los Angeles-based Freeman Spogli & Co., the majority owner of Hhgregg Inc. the past two years, last month revealed plans for a $170 million initial public offering for the consumer electronics retailer. You can be sure other private equity firms that have scooped up local companies in recent years have the same exit…

Carmel to get $30M Renaissance hotel

April 16, 2007

A prestigious, full-service hotel soon will complement Carmel’s booming office market along North Meridian Street. A Cincinnati
developer broke ground this month on a roughly $30 million Renaissance hotel with 263 rooms and 14,000 square feet of meeting
space.

Taliera switches strategy for buying underperforming brands of booze

April 9, 2007

Taliera Corp. plan to raise $60 million through an initial public offering was withdrawn March 27, but Taliera isn’t going
away. It’s simply trying a different approach. CEO J. Smoke Wallin said he and his team of eight beverage industry veterans
still believe their business plan is right.

Invoice-borrowing a growing credit option

March 26, 2007

Bank loans and credit cards are common solutions to small businesses’ cash-flow crunches, but small-business owners increasingly
have another option: using unpaid invoices as collateral to borrow money from investors.

Ratio building go-to reputation: Convention Center expansion latest notch in firm’s belt

March 26, 2007

As the Final Four approaches, it seems fitting to relive in basketball terms how Ratio Architects Inc. came off the bench in dramatic fashion to save a high-profile downtown project after the star had fouled out. The Indianapolis-based architectural firm played that role in 2004 after sketches from the original out-of-town architect designing the downtown headquarters of Simon Property Group Inc. failed to impress corporate executives. Ratio had one week to deliver, and did. But while the firm’s portfolio is…

Red Hat Society over-50 women pursued by marketers

March 12, 2007

Members of the Red Hat Society get together monthly to celebrate life after 50, a demographic marketers often overlook. But
these women-and their spending habits-are attracting attention as the California-based club gains traction.

RETURN ON TECHNOLOGY: We need less of ‘cool’ and more of ‘can do’

January 22, 2007

I’ve been accused of being both technology-besotted and technology-averse. I’m neither one. I’m just interested in using technology in appropriate ways. I’m fond of reminding people that a pair of scissors is perfect for a job that a pair of scissors can do. Scissors don’t need Tim Allen-style enhancements. An example popped up from reading “The Soul of a Chef,” by Michael Ruhlman, where I ran across the statement by a young chef that a computer system made the difference…

Holiday outlook bright for retail: Online sales, gift cards expected to bring cheer

November 27, 2006

Retailers are optimistic they won’t find a piece of coal in their stockings this winter. Veteran jeweler Greg Bires has labored in retail long enough to recognize when a robust holiday shopping season is starting to take shape. Fortunately for the owner of the downtown Windsor Jewelers, this should be another strong year, experts predict. “So far, things have been pretty positive,” Bires said. “It’s been a long time, but I’ve seen years when you knew things were going to…

BEHIND THE NEWS GREG ANDREWS [email protected]: With Finish Line stumbling, analysts weigh sale, LBO

September 11, 2006

Finish Line Inc.’s fortunes have dimmed so dramatically in recent months that analysts are raising a range of ideas that once seemed farfetched to boost the slumping stock. Among them: taking the company private through a leveraged buyout, or selling it to a larger retailer. The athletic-shoe industry is abuzz that an LBO for Finish Line’s struggling rival, New York-based Foot Locker Inc., is already afoot. That company last month hired a financial adviser, just weeks after Women’s Wear Daily…

BIZ BASICS: Use new savings accounts to cover medical expenses

July 31, 2006

And with no end in sight to the cost crunch, the prognosis is poor. Panicked business owners now cite the rising cost of health insurance as their top concern. They know that workers value their medical coverage, but as owners they feel trapped-they must either pass along rate hikes or cut benefits entirely. A relatively new health plan option offers hope. Health savings accounts work in IRA-like fashion to cover out-ofpocket medical costs with tax-sheltered money. An HSA is an…

Black Expo CEO seeks ‘next level’: Rogers hopes to build on Williams’ legacy The Summer Celebration schedule appears in our Diversity in Business Focus. PAGES 15A-19A

July 3, 2006

The Summer Celebration schedule appears in our Diversity in Business Focus. PAGES 15A-19A The title of Indiana Black Expo Inc.’s 2005 annual report couldn’t be more fitting: “Con tinuing the Legacy.” It’s an apt description for both the organization’s recent history and its goals for the future. As Black Expo prepares to kick off its second Summer Celebration without its longtime leader, Rev. Charles Williams, CEO Joyce Q. Rogers is abuzz with ideas to make the nation’s largest black heritage…

Danica deal just one of many for MainGate: Firm looks to relocate as profits soar 828 percent

June 5, 2006

With a deep history in motorsports, it would be understandable if officials for Indianapolis-based MainGate were focused solely on their recently signed exclusive licensing deal with racing diva Danica Patrick. After all, Patrick’s merchandise outsold all other Indy Racing League drivers combined last year, and since MainGate has taken over making, distributing and selling her merchandise this year, sales have tripled, company officials said. But with the company busting at the seams and a wave of new business from various…

Good banking relationship can help business:

May 29, 2006

Capital is the lifeblood of any business. But fresh infusions of money are particularly important for startup and small businesses, since they often can’t fund new equipment, employees or facilities out of their cash reserves or profits. The top three sources of new capital for small business are owner’s equity (33 percent) bank loans (20 percent) and trade credit (15 percent). Let’s focus on bank loans and simple ways that small-business owners can improve their chances of getting a loan…

My Favorite Cigar Bar: Bar offers stogies with its scotch Liquor license helped cigar store attract customers who may linger

May 22, 2006

“Cheers” in Brownsburg? Regulars at My Favorite Cigar Bar say it’s just like that fictional Boston watering hole “where everybody knows your name”-or like it would have been if Cheers had sold cigars as well as drinks. Hendricks County’s version of the popular pub occupies an old-fashioned brick storefront at 36 E. Main St. The brainchild of Brownsburg couple Bruce and Lisa Freestone, it is-as the name suggests-both a bar and cigar shop. “We’re the only such cigar store in…

Tower erector rises from ruin: Once bankrupt, water tank firm grows into industry giant, acquires competitor

May 22, 2006

From the ashes of bankruptcy in 1986, an Avon-based firm has ascended to the top of an industry that might seem old-fashioned: building and maintaining water towers. But the owners of Phoenix Fabricators and Erectors Inc. say new demand for their product, driven by factors as diverse as aesthetics and alternative fuels, promises to boost the firm’s $80 million in annual sales as Phoenix grows from within and through acquisitions. Phoenix this month acquired Sebree, Ky.-based Pittsburgh Tank and Tower…

EYE ON THE PIE: Sometimes competition is a bad thing

May 8, 2006

You are getting older, living alone. You want to continue living where you are. You don’t want to move in with your children and you think they might not want you. You don’t want to move to some assisted-living place and give up so much of what you have known for so long. You are disabled or otherwise unable to cook for yourself. Where do you turn? Your first thought is Meals on Wheels. You (or a member of your…

Special events pay off: Growth seen in career opportunities, event numbers

May 8, 2006

Special events aren’t just fun and games-they’re big business, generating careers and economic activity that are anything but frivolous. Special event spending in Indianapolis is nearly $3 billion a year, according to Bob Shultz, public relations director for the Indiana Convention & Visitors Association. Annual spending for special events worldwide is $500 billion, according to research conducted by the Chicago-based International Special Events Society. In Money Magazine’s annual “Best Jobs in America” survey, meeting and convention planners were ranked in…

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Articles

BEHIND THE NEWS: Why Finish Line is betting company on Genesco buyout

BEHIND THE NEWS: Missing the market rally: state retailers slumping

BULLS & BEARS: High risk doesn’t always translate into high returns

BEHIND THE NEWS: Private equity players may be primping firms for IPOs

Carmel to get $30M Renaissance hotel

Taliera switches strategy for buying underperforming brands of booze

Invoice-borrowing a growing credit option

Ratio building go-to reputation: Convention Center expansion latest notch in firm’s belt

Red Hat Society over-50 women pursued by marketers

RETURN ON TECHNOLOGY: We need less of ‘cool’ and more of ‘can do’

Holiday outlook bright for retail: Online sales, gift cards expected to bring cheer

BEHIND THE NEWS GREG ANDREWS [email protected]: With Finish Line stumbling, analysts weigh sale, LBO

BIZ BASICS: Use new savings accounts to cover medical expenses

Black Expo CEO seeks ‘next level’: Rogers hopes to build on Williams’ legacy The Summer Celebration schedule appears in our Diversity in Business Focus. PAGES 15A-19A

Danica deal just one of many for MainGate: Firm looks to relocate as profits soar 828 percent

Good banking relationship can help business:

My Favorite Cigar Bar: Bar offers stogies with its scotch Liquor license helped cigar store attract customers who may linger

Tower erector rises from ruin: Once bankrupt, water tank firm grows into industry giant, acquires competitor

EYE ON THE PIE: Sometimes competition is a bad thing

Special events pay off: Growth seen in career opportunities, event numbers