Courier honors city's Best Places to Work; Kroger heads to court
Cincinnati Business Courier
The Cincinnati region's source for local business news & events. Part of the American City Business Journals network.
Before we jump in to the top stories of the week, we need to quickly shout out all those who attended this year’s Best Places to Work celebration. It was quite the lively celebration at TQL Stadium Thursday. Huge congrats to all the winners. You can view the full print package here.
We also have a collection of all the honorees online here.
Kroger-Albertsons merger: What to look for and an expert's view on key issues as grocers head to court
Kroger and Albertsons?head to court next week for a much-awaited hearing that likely will determine whether their $24.6 billion deal – that if complete, would stand as the largest ever in the grocery industry in the U.S. – can proceed.
The transaction involving the supermarket giants is being opposed by the Federal Trade Commission, which sued them in U.S. District Court in Portland, Ore., seeking to halt the deal.?The hearing is due to begin Monday, Aug. 26.
Jeff Cross, an antitrust lawyer who is counsel in the Chicago office of Smith Gambrell Russell, broke down the key issues of the case, how long he expects the trial will take and how quickly U.S. District Court Judge Adrienne Nelson could render a decision. Kroger, especially, wants to close the loop quickly – win or lose. What’s the likely outcome? Cross didn’t hazard a guess, but he has some opinions on the key arguments.
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Local P&G vet helps launch hair care line for Latinas that could be city's next billion-dollar brand
Carol Teter?spent 27 years commanding supply chain efforts for multiple brands at?Procter & Gamble. She’s now leading the helm of just one: a recently launched hair care line that she’s hoping to grow into a seven-figure business.
LatinUS Beauty, maker of?Lu, a line of shampoos, conditioners and styling creams, debuted earlier this year at?Walmart, following a deliberately slow rollout as an e-commerce brand.
The team, which includes others with?P&G?roots, is using a unique sales pitch to stand out in a crowded space – promoting itself via novellas, or soap operas, versus more traditional TV ads and setting up?Sephora-like, hands-on displays at stores rather than simply filling up shelf space.?
The startup is in the midst of a $10M fundraise that it expects to close this month – funds it will use to continue to expand its brick-and-mortar footprint. The goal is to reach 5,000 doors, or stores, in 2025.?LatinUS?is currently in about 1,400 locations.
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PLK Communities to double size of Factory 52, incorporate Multi-Color site
The master developer behind Factory 52 has filed plans for a colossal second phase including hundreds more apartments, a hotel and possibly a mid-rise office building. Its cost will reach around $125 million.
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Kenwood-based PLK Communities, under Playing Card Partners LLC, has requested the property’s original planned unit development, or PUD, of November 2020 be supplemented with phase two plans and expanded to include 12.63 non-contiguous acres.
Construction is expected to break ground in the first quarter of 2025
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Founders of Ashford Homes to sell business, new owner aims for growth
A decades-old Greater Cincinnati homebuilder will be sold to a current employee following its owners’ departure from the business. Sharonville-based Ashford Homes,?the region's 11th-largest homebuilder, will transition ownership Jan. 1, 2025, when Candi Mancini’s purchase of a majority stake in the business takes effect. Mancini got her start with M/I Homes in 1988 as the company’s third Greater Cincinnati employee.
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Rhinegeist vet to open new brewery in former Taft's Ale House space in OTR
A major scoop by our Christian LeDuc, Mellotone Beer Project, backed by two veterans of the craft beer industry, is opening later this year in the former Taft’s Ale House, located at 1429 Race St.?in Over-the-Rhine. Cincinnati Center City Development Corp. (3CDC) purchased and renovated the 12,345-square-foot structure back in 2015. In November 2023,?Taft’s announced it was closing after eight years in business.
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After staff shakeup hits its development team, what’s the future for 3CDC’s CEO?
With a major transition in its senior ranks occurring, it’s natural to ask what the future holds for the Cincinnati Center City Development Corp.’s CEO, a position held by Steve Leeper since 2004. Leeper told the?Business Courier?that he’s staying for now, but knows a succession plan eventually will be needed.
Speaking of shake ups, TriHealth's Good Samaritan Foundation, Thompson Hine, U.S. Bank and Sharonville-based EI Ceramics all announced new CEOs, partners or major retirements.
This Weekly Edition was compiled by Courier Digital Editor Liz Engel. Questions? Comments? Send them to [email protected].
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2 个月And in other news ... Who didn't see this coming? #historicpreservation #preservehistory
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2 个月Price reductions? Double pinky swear, Rodney? #consumerprices https://abc7chicago.com/kroger-ceo-vows-$1b-price-cut-on-groceries-if-albertsons-merger-closes/15271600/