Shawmut Design and Construction has joined Draper and Wexford Science & Technology to break ground on the 111,000-square-foot Integrated Microelectronics Production & Advanced Chip Technology (IMPACT) Center in Lowell, Massachusetts.
Wal-Mart plans to grow from 20 to 50 cash-and-carry wholesale stores in India, with 20 of them likely to open in the northern states of Uttarakhand and Uttar Pradesh, sources said. The retailer is waiting to see if the government will ease the rules on
JAB Holdings, the Luxembourg-based parent of companies including Krispy Kreme Doughnuts and Keurig Green Mountain, will acquire Panera Bread in a cash and debt deal valued at $7.5 billion. St. Louis-based Panera operates about 2,000 U.S. restaurants. Read the Reuters story here
JAB Holdings, the Luxembourg-based parent of companies including Krispy Kreme Doughnuts and Keurig Green Mountain, will acquire Panera Bread in a cash and debt deal valued at $7.5 billion. St. Louis-based Panera operates about 2,000 U.S. restaurants. Read the Reuters story here
Buffalo Wild Wings has hired investment banking firm The Cypress Group to help it move forward with a plan to franchise about 10% of its company-owned eateries. Cypress has worked with other restaurant chains in the past, including TGI Fridays and Wendy’s. Read the CNBC
Buffalo Wild Wings has hired investment banking firm The Cypress Group to help it move forward with a plan to franchise about 10% of its company-owned eateries. Cypress has worked with other restaurant chains in the past, including TGI Fridays and Wendy’s. Read the CNBC
W Hotels Worldwide is bringing its brand to Marbella, Spain, with the W Marbella and The Residences at W Marbella slated to open in 2021. Twenty-six suites are included among the hotel’s 200 guest rooms, and the property also will have a spa, signature restaurant
Groundbreaking has taken place for a $226 million hotel-casino expansion on the San Diego-area reservation of the Sycuan tribe of Kumeyaay Native Americans. A 300-room hotel and 60,000 additional square feet of gaming space are among the features. Read the Times of San Diego story here
Construction spending increased from January to February and from a year ago, as private residential and public construction grew for the month and private-sector demand increased for the year, according to an analysis by the Associated General Contractors of America.
Olive Garden parent Darden Restaurants will acquire 165-unit Cheddar’s Scratch Kitchen for $780 million. Texas-based Cheddar’s operates casual dining eateries in 28 states, with menus that feature entrees priced at less than $10. Read the Orlando Sentinel story here
Marriott International‘s acquisition of Starwood Hotels & Resorts expanded the company’s footprint to 122 countries. Marriott expects its total new room count to reach up to 300,000 by the end of 2019. Read the Hotel Management online story here
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