 | Fri. Sep. 09, 2011 Stores opening at Northborough Crossing
Jos. A. Bank, a men’s apparel retail chain, is opening a store today at Northborough Crossing, a new, $100 million shopping center and residential complex located at the intersection of routes 9 and 20. The shopping component of the project has been up and running for about a week. In recent days, Yankee Candle, T.J. Maxx, and Golf Town have opened stores there. A BJ’s Wholesale Club is scheduled to open tomorrow, and a giant Wegmans supermarket in mid-October. BJ’s shareholders approve acquisition
BJ’s Wholesale Club Inc. said today that its shareholders approved a $2.8 billion deal to take it private. In June, the warehouse club operator said private equity firms Leonard Green & Partners and CVC Capital Partners agreed to acquire it. About 72 percent of shareholders approved the deal, the company said. Holders of 0.4 percent of BJ’s stock voted against it. The deal is expected to close around Sept. 30. Local billboards to commemorate 9/11
Clear Channel Outdoor-Boston said its digital billboards will observe a “digital moment of silence” Sunday morning to commemorate the 10th anniversary of the terrorist attacks of Sept. 11, 2001. Technically speaking, Clear Channel Outdoor-Boston’s digital moment of silence will last a bit more than hour, the time frame of the airliner crashes on the original 9/11. During that time, no commercial ads will be shown on its digital billboards, only the message, “Pause & Reflect.” Arnold Worldwide opens Shanghai office
Arnold Worldwide, a large ad agency based in Boston, said it is opening a Shanghai office, a move prompted by growing business, including Arnold’s selection as global agency of record for the Dell Inc., a company perhaps best known for desk-top and laptop computers. The Shanghai office also expects to help do global work for Brown-Forman, a wine-and-spirits company. Arnold creates ads for two Brown-Forman brands: Jack Daniel’s and Southern Comfort. Sun Life poll: Long term care planning scares many Americans
Only 16 percent of Americans 50 or older feel financially prepared to finance their long-term care, even though most older Americans will eventually need some form of assistance with daily living, such as with bathing, dressing, or eating, according to a new survey from Sun Life Financial Inc. According to Sun Life Financial, many people are so spooked by aging that they shirk planning for retirement. Based in Canada, Sun Life has a big presence in Wellesley. Weight Watchers opens new Hub store
Weight Watchers Internatonal Inc. said it has unveiled a newly designed store in Boston as part of a push to augment its local presence by roughly a dozen stores. This new store design in Boston is one of 400 being opened across the country by the end of the year, the company said. The new design features “a contemporary, yet welcoming and comfortable environment.” The new Hub store is located at 101 Summer St. near South Station. City OK’s new operator for Faneuil Hall Marketplace
The city has cleared the way for a new operator of Faneuil Hall Marketplace, after intially rejecting a deal over questions about the financial condition of the prospective leaseholder. Private equity investment tops $6b in Mass.
Private equity firms invested more than $6 billion in 57 Massachusetts-based companies in 2010, according to a new analysis released today by the Private Equity Growth Capital Council. Massachusetts ranked sixth in terms of deal value in 2010, behind California, Illinois, New York, Texas, and Connecticut. Nationwide, private equity firms invested more than $148 billion in 1,234 companies, according to the council’s report. Google buys restaurant review service Zagat
California-based search giant Google Inc. has bought the restaurant review service Zagat as it tries to help people connect with local businesses. The founders, Nina and Tim Zagat, said they will remain a part of the 32-year-old company and will use Google’s resources and expertise to expand. Zagat currently offers reviews and ratings on restaurants in more than 100 cities around the world, based largely on surveys of diners. Google plans to integrate Zagat with its search and mapping products. Alkermes shareholders approve Elan deal
The drugmaker Alkermes Inc. said today that its shareholders approved its $960 million acquisition of Elan Corp. PLC’s drug technology business. The company, based in Waltham, said 99.9 percent of the votes cast were in support of the deal. Alkermes expects to complete the purchase by Sept. 16. At that time, the company will reincorporate in Ireland and change its name to Alkermes PLC. Alkermes agreed to buy Elan Drug Technologies in May for $960 million in cash and stock. JetBlue to have a bigger presence at Logan
JetBlue, the largest carrier at Logan International Airport, will soon expand its presence at Terminal C from 14 to 16 gates. AirTran, which currently operates from three gates at Terminal C, is expected to move to Terminal E on or about Nov. 2, said Logan Airport’s operator, the Massachusetts Port Authority. AirTran was recently acquired by Southwest Airlines. AirTran’s upcoming move will put it in the same Logan terminal as Southwest. AirTran’s move will free up more space for JetBlue. |
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