The financially troubled credit union had been operating under a conservatorship since January. As part of the liquidation, about 500 members and most of their deposits have been transferred to Indianapolis-based Elements Financial Credit Union.
Pet supplies chain with 10 local stores going out of business
The retailer has 358 stores, including four in Indianapolis, two in Carmel and one each in Brownsburg, Greenwood, Shelbyville and Zionsville.Read More
Owner closes Butler-Tarkington hardware store after 43 years in business
The Ace Hardware owner cited a variety of reasons for the closure, including the difficulty of competing against larger retailers and increased business costs.Read More
Beech Grove Ponderosa, once a sales superstar, closes due to pandemic
The Beech Grove location’s owner, Fishers-based CMR Partners LLP, has also closed its three other Ponderosa locations since mid-July.Read More
Pittsburgh-based restaurant-and-bar chain closes last Indy location
Primanti Bros., which is known for serving french fries on its sandwiches, has permanently closed its downtown restaurant in Circle Centre Mall, at 49 W. Maryland St., according to its Facebook page.Read More
Mitsubishi Heavy Industries Climate Control Inc., which has operated in Franklin since the 1990s, will cease production next month. Mitsubishi has a turbocharger business in the same facility that will continue to operate.
The Illinois-based video rental chain, which opened its first store in 1978, outlasted competitors Blockbuster, Movie Gallery and Hollywood Video, but said it could not withstand the disruptions caused by COVID-19.
SoChatti is adding the storefront to its production, research and warehouse facility in the Circle City Industrial Complex on the city’s near east side. Also this week: J’s Lobster & Fish Market, The Spice Box.
A defense and aerospace supplier is set to end operations at the end of January and an auto parts supplier plans to complete its closure by June 30.
Ed Sahm, the restaurant group’s founder and owner, said the pandemic-related exodus of downtown office workers meant the two locations are no longer financially viable.
Costumes by Margie, which opened in 1970, almost changed ownership last month, but the pandemic ruined those plans
Victoria’s Secret said it would close 251 stores in North America by the end of this year after parent L Brands Inc. suffered a fiscal first-quarter loss of $296.9 million.
The northwest-side location, in the Willow Lake East shopping center, was Bravo!’s last remaining Indianapolis location. Its parent company, Florida-based FoodFirst, filed for bankruptcy protection last month.
Co-owner Ted Miller said on Facebook that the restaurant at 1011 E. Westfield Blvd. would close as of Friday—“this location at least. We plan to open a new Brugge somewhere, sometime.”
Facing millions of dollars in lost revenue from the COVID-19 outbreak, major arts and cultural attractions throughout Indianapolis are slashing budgets, cutting staff and dipping into reserves or endowments to make ends meet.
MHG President Sanjay Patel has been through tough times in the hotel industry before—but nothing quite like this.
Desi Spears and Foster-Adesokan have both heard from clients who want to make appointments for when they reopen their shops.
Carmel-based auto finance company Coastal Credit LLC plans to end operations and terminate all of its employees by the middle of this year, the company said in a letter to the state.