The ex-wife of former Subway pitchman Jared Fogle has filed suit against the fast-food sandwich chain, alleging executives knew about Fogle’s sexual attraction to young children as early as 2004 and stayed quiet about his pedophile predilections to preserve his role as a “cash cow” for the company.
Shares in Taubman Centers Inc. surged Wednesday, one day after Jonathan Litt, an activist investor known for targeting real estate companies, pushed for the mall owner to cut costs or consider a sale of the company.
In a Facebook post, the owner said he will now be focusing on a new business, Square Cat Vinyl, where “we won’t be serving doughnuts, but we will be serving vinyl records, coffee, and beer.”
After the store on South Meridian Street shuts its doors next month, just one O’Malia’s grocery will remain.
Historic preservation not-for-profit Indiana Landmarks is leading a fundraising campaign to restore the 80-year-old “Ayres clock” mounted on the corner of Circle Centre mall at Washington and Meridian streets.
"It's time to stop the madness," said CEO Robert Riesbeck, who noted that the appliance chain wasn't seeing a huge spike in business on the holiday anyway.
The deal with an Arizona-based private-equity firm could take the small Indianapolis-based chain to 200 restaurants within the next four years, including locations in Japan.
Wal-Mart closed on its more than $3 billion buyout of the online retailer Jet.com last month, showing how heavily it’s willing to invest as it tries to boost online sales that totaled $13.7 billion last year.
The 31-year-old national chain, which began opening locations in the Indianapolis area in the early 1990s, filed for Chapter 11 protection on Tuesday and has closed all of its area restaurants.
Paradise Bakery & Cafe, which once operated a half-dozen restaurants in the Indianapolis area, will quit selling cookies in Indiana on Tuesday.
The offer of $65.50 a share in cash represents a 19 percent premium to Cabela’s most recent closing price, the companies said Monday in a written statement.
City Cafe, which began operating on North Pennsylvania Street about 15 years ago, has closed due to an owner’s ongoing health problem.
Sears Holdings Corp. and Claire’s Stores Inc. are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on experiences, according to a Fitch Ratings study.
Swedish retail giant Ikea has hired a slew of contractors to build its Fishers store and is on schedule for a fall 2017 opening, it announced Wednesday.
The restaurant in Blue Ash, northeast of Cincinnati, is expected to open next spring.
The “fast fine” menu features soups, salads, sandwiches and dinner items, including Coconut Curry Salmon, Calamari and Chicken Wild Mushroom.
Finish Line's experience highlights the important, but difficult, path forward for retail chains that had become addicted to new stores as the only way to fuel sales.
With a lot of fanfare last July, Converse released a more expensive version of the classic Chuck Taylor, the iconic brand designed by the former basketball player and salesman from Indiana. But fans still prefer the older model.
Sales and profit for the apparel seller’s most recent quarter either met or exceeding Wall Street’s expectations. It’s now embarking on a plan for responding to clothing trends more quickly.
Noblesville natives Monica Peck and Courtney Cole became the sixth-generation owners of Hare Chevrolet when they bought it from their parents in 2008. Now, thanks in part to a snappy ad campaign, sales have nearly tripled. But their biggest battle has been off the lot: Cole is battling cancer.
