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From ThisWeek Upper Arlington, 9/7/06:

 

 

TechColumbus investment considered

Thursday, September 7, 2006

By CHRIS BOURNEA

ThisWeek Staff Writer

 

Upper Arlington City Council is expected to pass emergency legislation at its Sept. 11 meeting committing $150,000 over three years to TechColumbus to promote economic development.

 

TechColumbus, a technology business incubator located at 1275 Kinnear Road near Upper Arlington's border, is seeking the money as part of an application to the state of Ohio's Third Frontier program, TechColumbus president and CEO Ted Ford said at council's conference session Tuesday night...

 

 

http://www.thisweeknews.com/index.php?sec=upperarlington&story=sites/thisweeknews/090706/UpperArlington/News/090706-News-219454.html

 

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From Business First of Columbus, 9/12/06:

 

 

DSW going forward with Columbus HQ expansion

Business First of Columbus - 11:11 AM EDT Tuesday

 

DSW Inc. is moving forward with plans to expand its corporate headquarters near Port Columbus International Airport, with three city tax credits helping it along the way.

 

The Columbus-based shoe retailer said late Monday it will renovate a 150,000-square-foot warehouse at 4030 E. Fifth Ave., now used by Value City Furniture. The warehouse is about 100 yards from DSW's 700,000-square-foot head office at 4150 E. Fifth Ave.

 

DSW told the city in July it plans to spend $6.5 million to renovate the warehouse and to add about 75 jobs by 2009. It already employs about 500.

 

...

 

http://columbus.bizjournals.com/columbus/stories/2006/09/11/daily7.html

 

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SAFETY VIOLATIONS

Columbus Steel hit with fines by OSHA

Investigators find dozens of problems

Wednesday, September 13, 2006

Paul Wilson

THE COLUMBUS DISPATCH

 

Columbus Steel Castings Co. was fined $257,500 yesterday for dozens of safety violations, according to the U.S. Department of Labor.

 

Formerly known as Buckeye Steel, the company was cited for two violations first noted in 2003 and for 59 serious violations discovered during a March inspection, according to the labor department’s Occupational Safety and Health Administration.

 

The company failed to correct inadequate standard guardrails and inadequate guarding of vertical belts that OSHA found in October 2003.

 

http://dispatch.com/business-story.php?story=dispatch/2006/09/13/20060913-D1-02.html

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From Business First of Columbus, 9/6/06:

 

Study: Office space vacancies largely unchanged in 2Q

Business First of Columbus - September 6, 2006

 

The vacancy rate for office space in Central Ohio edged up slightly in the second quarter from a year ago, according to a survey from Grubb & Ellis Adena Realty Advisors.  The real estate service group said 7.2 million square feet, or 17.8 percent of the approximately 40.5 million square feet of available office space in the area, was vacant as of June 30.  The rate was up slightly from 17.2 percent for the same period a year earlier.  Class A office space, which is generally in buildings less than five years old with higher-than-average rental rates, leased for an average of $18.80 per square foot during the quarter.  Class B space, typically a bit older and cheaper, leased for about $15.93 per square foot.

 

Read more at http://www.bizjournals.com/columbus/stories/2006/09/04/daily20.html?from_rss=1

 

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From the 9/18/06 Dispatch:

 

GRAPHIC: Comparing Downtown office buildings

 

Downtown ups and downs

Owners of tower seek tax relief to reflect changing office landscape

Monday, September 18, 2006

Bill Bush, THE COLUMBUS DISPATCH

 

Vacancy rates are high, rents are down and new tenants are scarce, prompting the Franklin County Board of Revision to cut the tax value of one of Downtown’s premier office towers by 20 percent.  But the owners of the 37-story Huntington Center think the building is worth 36 percent less than its current appraised value.  In their 107-page appraisal, they point to other Downtown office towers whose resale values have plunged since the late 1990s, the victims of a glut of commercial space.

 

Read more at http://www.dispatch.com/news-story.php?story=dispatch/2006/09/18/20060918-A1-01.html

 

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From the 9/21/06 Dispatch:

 

Industrial building sector is improving

Warehouse work in area is evidence of recovery, experts say

Thursday, September 21, 2006

Mike Pramik

THE COLUMBUS DISPATCH

 

Central Ohio is steadily shaking off the effects of a depressed market for industrial space, with new warehouses being built, and new tenants snapping them up.  After the heyday of the 1990s, when vacancies were low, the industrial market was derailed by the Sept. 11, 2001, terrorist attack.  But activity is picking up and the market is coming back, said Michael Linder, a vice president with real-estate firm Grubb & Ellis.  "The key word is recovering," Linder said.  "There are cycles within the real-estate market, and we’re certainly in the recovery phase.

 

Read more at http://www.dispatch.com/business-story.php?story=dispatch/2006/09/21/20060921-G1-01.html

 

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From the 9/29/06 Newark Advocate:

 

 

Longaberger adding more jobs

Basket maker to hire 100 full-time, 40 part-time workers

By KENT MALLETT

Advocate Reporter

 

NEWARK -- The Longaberger Co. announced Thursday its second major hiring of the year, adding 100 full-time employees and 40 part-time seasonal workers.  The region's largest employer, which dropped from a seasonal peak of more than 8,272 employees in 2000 to about 3,000 employees last year, will add the employees to its manufacturing campus in Frazeysburg.

 

The hiring is not just for the company's busy end-of-year sales but also for 2007, company officials said. The announcement comes after a July decision that 150 full-time and 50 part-time workers would be hired at the basket-making facility.

 

MORE: http://www.newarkadvocate.com/apps/pbcs.dll/article?AID=/20060929/NEWS01/609290303/1002/rss01

 

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Changed Longaberger ready for rebound

Business First of Columbus - October 6, 2006

by Jeff Bell

Business First

 

The late Dave Longaberger still casts a big shadow over his family's basket company, just like the Longaberger Co.'s basket-shaped corporate office building does on Newark's east side.  Ask those close to the company about what has gone wrong at Longaberger in recent years, and the conversation invariably comes back to Longaberger, its iconic founder who died from cancer at 64 in March 1999.

 

Some say not even Longaberger's considerable business savvy and personal verve could have steered the company around the economic storm triggered by a recession at the turn of the century and aftermath of the Sept. 11, 2001, terrorist attacks.  But others, including Longaberger's daughter and CEO successor, Tami Longaberger, said his death and economic downturn combined to rock the company.

 

MORE: http://columbus.bizjournals.com/columbus/stories/2006/10/09/story1.html

 

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http://columbus.bizjournals.com/columbus/stories/2006/10/16/story5.html 

 

Flying metal detector aids hunt for buried ordnance

Business First of Columbus - October 13, 2006by Dan EatonBusiness First

 

Not unlike the beachcomber who, armed with a metal detector, searches the sand for bits of treasure, Battelle Memorial Institute sees a lucrative opportunity in uncovering buried scraps.

 

But it is not valuables Battelle is looking for - it is unexploded bombs and artillery shells...

 

 

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From the 11/21/06 Dispatch:

 

 

TECHCOLUMBUS

State provides $6.8 million in seed money

Tuesday, November 21, 2006

Monique Curet

THE COLUMBUS DISPATCH

 

A Columbus organization that works to develop and expand the region’s technology industry will receive $6.8 million over three years from the state to help create tech businesses.

 

It was a sizeable award for TechColumbus, with an annual budget of $3 million, about $500,000 of which is provided by the state, said Ted Ford, president and chief executive of the nonprofit organization...

 

"mcuret@dispatch.com

 

http://www.dispatch.com/business-story.php?story=dispatch/2006/11/21/20061121-C1-03.html

 

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From the 11/30/06 AP:

 

 

Scotts sued by smoker it fired

Thursday, November 30, 2006

Melinda Trujillo

ASSOCIATED PRESS

 

BOSTON — A 30-year-old man who has smoked for more than a decade filed a lawsuit yesterday against Scotts Co., alleging the lawn-and-garden company violated his privacy and civil rights when it fired him because he smokes.

 

Scott Rodrigues, of Bourne, Mass., says he was fired from the lawn-care job he had for several weeks after a drug test came up positive for nicotine. But he said he wasn’t told he would be tested for the substance and was told Scotts would help him quit.

 

Rodrigues’ lawsuit, filed in Suffolk Superior Court, says the company violated his rights under the Massachusetts Privacy Statute, which bars the unreasonable, substantial or serious interference of privacy. The lawsuit asks for unspecified damages and legal fees.

 

Read More...

 

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From Business First of Columbus, 1/2/06:

 

 

Columbus commercial realty market seen flat for '07

Business First of Columbus - January 2, 2007

 

A major commercial real estate brokerage sees a tepid office market for Central Ohio in 2007, even as commercial leasing markets around the nation mount an improvement.  Researchers at Grubb & Ellis Co. said Tuesday that Columbus' office market this year likely will be marked by flat vacancy and rental rates with moderate speculative construction.  The firm projected asking rates for Class A space in the city's central business district will hover at $20.15 a square foot by the end of the year, down marginally from the last quarter of 2006.  The hottest markets for speculative office construction will remain Easton and Polaris, the firm said.

 

Read more at http://columbus.bizjournals.com/columbus/stories/2007/01/01/daily5.html?surround=lfn

 

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EPA is watching foundry closely

State inspections conducted last year show Columbus Steel still polluting the South Side

Sunday, February 11, 2007

Spencer Hunt

THE COLUMBUS DISPATCH

 

More than a year after Columbus Steel Castings was linked to air pollution and foul odors on the South Side, the problems haven’t gone away, the state says.

 

Records show that Ohio Environmental Protection Agency inspectors returned to the foundry several times last year to build their case.

 

Inspections dating back to June found excessive smoke, dust and particles leaving the plant grounds at 2211 Parsons Ave. A separate investigation also faults the company for water pollution.

 

http://dispatch.com/news-story.php?story=dispatch/2007/02/11/20070211-C1-02.html

 

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$200,000 FOR COLUMBUS STEEL UPGRADE

County withholds grant from plant cited for pollution

Wednesday, February 14, 2007

Barbara Carmen

THE COLUMBUS DISPATCH

 

The leaky water system at a South Side steel plant, cited by the state for polluting air and water, is so archaic that it still uses hollowed logs as pipes.

 

But a $1.86 million upgrade planned for more than a year will wait a little longer to be settled. Franklin County commissioners voted yesterday to hold onto a $200,000 grant for the project.

 

The commissioners want assurances that Columbus Steel Castings is fixing its pollution problem and that any taxpayer dollars they pass along won’t perpetuate a problem for neighbors.

 

http://www.dispatch.com/news-story.php?story=dispatch/2007/02/14/20070214-B4-01.html

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WINDING HOLLOW, DORNOCH

2 golf clubs in financial trouble

Thursday, February 22, 2007

Barnet D . Wolf

THE COLUMBUS DISPATCH

 

Two long-time central Ohio golf clubs are facing their demise as a result of financial problems and court action.

 

A Franklin County Common Pleas judge yesterday placed Winding Hollow Golf Club of New Albany into receivership, a court procedure that generally leads to liquidating the business...

 

Meanwhile, a federal bankruptcy hearing that could force Dornoch Golf Club to liquidate, rather than reorganize, that was scheduled for today has been delayed until mid-March...

 

 

bwolf@dispatch.com

http://www.dispatch.com/business-story.php?story=dispatch/2007/02/22/20070222-D1-03.html

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From SNP newspapers, 1/10/07:

 

 

Columbus faces weak '07 job market growth projections

Jobs in education, health and social services will see the greatest growth, forecasters predict.

By JENNIFER WRAY

 

First the good news: The Columbus region will see an increase in job growth this year, according to the Columbus Chamber's Blue Chip Economic Forecast.

 

The bad news: The growth is predicted to be modest and slower than that of 2006 -- only 0.5 percent, or about 4,800 jobs in the eight county region of Central Ohio, said Bill LaFayette, vice president of economic analysis for the chamber.

 

Employment growth in greater Columbus was "pretty lame in 2005 and pretty lame in 2006," he said.  The 0.7 percent local employment growth seen both years was half the national average, LaFayette said.  The forecast, released by the chamber at a Columbus Metropolitan Club luncheon last Wednesday, projected the strongest labor growth in education, health and social services.

 

Full story: http://www.snponline.com/NEWS1-10/1-10_allforecast.html

 

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From Business First of Columbus, 3/5/07:

 

Brokers, developers team up to satisfy demand for bigger, newer sites

Business First of Columbus - March 2, 2007

by Brent Wilder For Business First

 

A lively industrial market in Greater Columbus has developers and investors jockeying for position to tap the potential of a cycle of growth that is only just beginning.  Plenty of available local land, an existing trend toward industrial growth in Central Ohio's southeastern quadrant and the intermodal transportation system under way at Rickenbacker International Airport are converging to create a national distribution channel and associated industrial development of a type Columbus has never seen, say members of Columbus' real estate community.

 

Read more at http://columbus.bizjournals.com/columbus/stories/2007/03/05/focus6.html

 

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Court gives Global Home Products an extension

Anchor Hocking parent company has four months to make Chapter 11 plan

By TAMARIA L. KULEMEKA

The Eagle-Gazette Staff

tkulemeka@nncogannett.com

 

LANCASTER — Anchor Hocking employees may know within four months whether the company will be sold.

 

A U.S. Bankruptcy Court judge recently granted Global Home Products a four-month extension to craft its Chapter 11 plan.

 

Global Home Products — Anchor Hocking’s parent company — asked the judge if it could have more time to come up with a Chapter 11 plan because it was devoting a significant amount of time toward assessing whether it should sell the glassware maker, its remaining business division, or reorganize it.

 

More at:

 

http://www.lancastereaglegazette.com/apps/pbcs.dll/article?AID=/20070118/NEWS01/70118001/1002/rss01

 

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Bouncing back?  The only thing getting bounced around here seem to be the employees.  The latest:

 

Longaberger announces 700 layoffs

Tuesday,  March 20, 2007 - 2:58 PM

By Paul Wilson, The Columbus Dispatch

 

Longaberger Co. will temporarily lay off more than 700 employees as the company tries to regroup after a disappointing fourth quarter.

 

The company now wants to lower inventory, said Tom Matthews, company spokesman.  “We are in a situation where our  fourth quarter didn't meet our ambitious growth plan and growth rate for the quarter -- not unlike what other retailers experienced,” Matthews said.

 

“While it is a difficult and painful decision, we are temporarily reducing our workforce as we undertake a broader plan to lower our cost structure and accelerate investments in an aggressive growth agenda,” Jim Klein, Longaberger's president, said in a statement.

 

:wtf:

 

MORE: http://www.dispatch.com/dispatch/content/local_news/stories/2007/03/20/long.html

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Wendy's board votes to explore sale, merger options

Wednesday,  April 25, 2007 7:48 PM

By Barnet D. Wolf

THE COLUMBUS DISPATCH

 

Wendy's is looking at range of options for the fast-food chain's future, including the possibly of selling the business or merging it with another company.

 

Dublin-based Wendy's International Inc. announced late today that its directors unanimously voted to form a committee to investigate the company's strategic options.

 

The committee, which consists of non-employee directors, will be led by Wendy's chairman, James V. Pickett.

 

Full story at:

 

http://dispatch.com/dispatch/content/business/stories/2007/04/25/wendy25.html

 

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Sell Wendy's? Some hope not

Friday,  April 27, 2007 6:37 AM

By Barnet D. Wolf

 

The Columbus Dispatch

 

The clouds that covered central Ohio yesterday seemed to be a bit darker over Wendy’s Dublin headquarters.

 

One day after the company said it may put itself up for sale, investors and employees attending Wendy’s International Inc.’s annual shareholders meeting there were still digesting the news.

 

Wall Street certainly seemed excited by the prospect that the company may go on the block. Shares yesterday jumped 16.3 percent over Wednesday’s close to finish the day at $37.99.

 

But some investors weren’t quite as thrilled.

 

More at:

http://dispatch.com/dispatch/content/business/stories/2007/04/26/wendys27.html

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Great Southern gets new majority owner

Renovations continue at historic hotel

Saturday,  April 28, 2007 6:29 AM

By Mike Pramik

 

THE COLUMBUS DISPATCH

 

http://www.dispatch.com/dispatch/content/business/stories/2007/04/28/Westin.ART_ART_04-28-07_C1_TN6H7A1.html

 

The owner of the Westin Great Southern Hotel said it plans to proceed with a $7.5 million renovation of the historic Downtown property despite selling a majority share to a Chicago investor.

 

Marcus Hotels and Resorts of Milwaukee said it has sold an 85 percent stake in the Great Southern to Waterton Commercial, a company that invests in commercial properties. Marcus bought the 186-room hotel a year ago.

 

Marcus will continue to manage the Great Southern, which was built in 1896. Marcus spokesman Bill Otto said the joint venture intends to complete the planned renovation by the end of the year.

 

"Part of our strategy when we purchased the hotel was to find a strategic partner to co-invest," Otto said. "We'd retain a small piece as equity owner and manager."

 

The Great Southern markets to small groups and business travelers. It also catches overflow convention business from the Greater Columbus Convention Center. Marcus is banking on the renovation to increase the hotel's mid-60 percent occupancy rate, which is typically middle-of the-pack among Downtown hotels.

 

Among changes that guests will see are newly appointed rooms and an updated restaurant and bar. Hotel management already has expanded and relocated a fitness center to the basement.

 

When it bought the hotel in May 2006, Marcus said it planned to have the renovations completed by now. But this winter, it was still working on designs and then decided to bring in Waterton as a partner.

 

"They'd be foolish to drop the Westin brand," said hotel analyst Eric Belfrage of CB Richard Ellis. "It's been so successful for them.

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Cardinal moving 700 jobs here

Chicago-area positions will come to Dublin

Tuesday,  May 1, 2007 3:33 AM

By Jeffrey Sheban

 

Cardinal Health is embarking on a major expansion of its Dublin headquarters to accommodate 700 positions being moved from the Chicago area.  The move, which will begin in the summer, will increase the company's central Ohio employment by 30 percent when completed next year.  The jobs are coming from Cardinal's Waukegan, Ill., operations, where 2,000 people work for the former Allegiance Corp., a medical-products manufacturer and distributor that was acquired by Cardinal in 1999.

 

Cardinal will break ground in the fall on a 250,000-square-foot addition to its 363,000-square-foot Emerald Parkway headquarters.  Construction is expected to take two years.  Mazzola said the cost of the building hasn't been determined, but the company expects to incur $45 million in costs to cover employee relocation, severance benefits and related expenses.

 

Full story at http://www.dispatch.com/dispatch/content/business/stories/2007/05/01/CARD01.ART_ART_05-01-07_A1_2S6I6EM.html

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Take THAT, Waukegananisha or wherever the hell that is!

 

(Yes folks, I've actually been to Waukegan; you don't have to tell me it's "near Chicago")


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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Citigroup to buy, split up Bisys

Move expected to keep jobs in Columbus, possibly bring more

Thursday,  May 3, 2007 3:52 AM

By Denise Trowbridge

 

THE COLUMBUS DISPATCH

 

http://www.dispatch.com/dispatch/content/business/stories/2007/05/03/Bisyssale.ART_ART_05-03-07_C10_376IR22.html

 

Citigroup said yesterday that it plans to buy Bisys Group for $1.47 billion in cash, a move that could mean more jobs for Bisys' Columbus operations.

 

Bisys, a provider of accounting and record-keeping services to financial institutions and insurance companies, employs about 900 people at offices on Stelzer Road near Easton. It's based in Roseland, N.J...

 

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MORE MORE MORE!!!


"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

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Dominion knuckles down amid home slump

Business First of Columbus - May 4, 2007

by Kevin Kemper

Business First

 

Executives at Dominion Homes Inc. are taking steps to turn around the struggling business with a new credit facility, continued cost-cutting and a new product line, CEO Douglas G. Borror assured investors at the company's annual shareholders meeting May 2.

 

But while the Dublin homebuilder is trying to move forward, it must do so in the slumping real estate market while battling a sliding stock price that some think is the result of short sellers. Borror made no bones about the year, telling shareholders "the outlook for 2007 remains tough."

 

MORE: http://columbus.bizjournals.com/columbus/stories/2007/05/07/story6.html 

 

 

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I like how their improvement strategy is the same thing as what ruined their reputation in the first place. My parents bought one of their crappy houses in a subdivision and they were attracting first time homebuyers that weren't qualified to buy houses. The whole thing is a disaster. The neighborhood sucks, the houses are square boxes with siding and I wouldn't be surprised if half of them are section 8 rentals in 10 years.

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Bank to lend millions in poor areas

Huntington joins Columbus' revitalization initiative

Thursday,  May 10, 2007 3:41 AM

By Robert Vitale

THE COLUMBUS DISPATCH

 

http://www.dispatch.com/dispatch/content/business/stories/2007/05/10/invest.ART_ART_05-10-07_C10_JV6L7GA.html

 

Huntington Bank will lend $270 million during the next five years to people who want to buy and renovate houses or start businesses in lower-income Columbus neighborhoods, bank officials said yesterday.

 

Huntington also will give the city abandoned and vacant homes in its foreclosure portfolio so they can be repaired or razed more quickly...

 

 

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Columbus praised for inner-city successes

Activist calls on federal government to enact policy to aid such urban projects

Thursday,  May 10, 2007 3:50 AM

By Debbie Gebolys

THE COLUMBUS DISPATCH

 

http://www.dispatch.com/dispatch/content/local_news/stories/2007/05/10/LCITIES.ART_ART_05-10-07_B4_2R6LFRF.html

 

Some secrets are not best kept.

 

Recent development successes in Columbus' inner city ought to be a springboard to getting national attention and federal help. Instead, they aren't much known locally or beyond...

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Limited Brands sheds Express stake for $548M

 

Business First of Columbus - 5:47 PM EDT Tuesday, May 15, 2007

by Saleha Ghani and Dan Eaton

Business First

 

 

Limited Brands Inc. is selling a majority stake in its Express clothing chain as it continues to put greater emphasis on its intimate apparel and beauty products businesses.

 

The Columbus retailer said Tuesday it has agreed to sell 67 percent of the 631-store Express chain to an affiliate of San Francisco-based Golden Gate Capital, a private equity firm. The deal is expected to close by July 6.

 

The stake will be sold for $548 million, or about $425 million after taxes, Limited Brands said...

 

http://mobile.bizjournals.com/smartphone/mobile.php?UMPG=article&UM_SCTN=Latest+News&MKT=columbus&UM_ARTICLE_LINK=http://www.bizjournals.com%2Fcolumbus%2Fstories%2F2007%2F05%2F14%2Fdaily12.html%3Fsurround%3Dlfn


Limited Brands will sell majority stake in Express

Seeking buyer for Limited stores

Tuesday,  May 15, 2007 3:10 PM

By Jeffrey Sheban

 

Ending months of speculation, Limited Brands has decided to shed its apparel divisions, Limited Stores and Express.

 

The company said it will sell 67 percent of its Express division to Golden Gate Capital for $548 million, and also said it was seeking a buyer for Limited Stores...

 

http://dispatch.com/dispatch/content/business/stories/2007/05/15/limitedsale.html

 

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Wexner exiting apparel trade

Express sold, Limited will go; lingerie, fragrance chains stay

Wednesday,  May 16, 2007 3:43 AM

By Jeffrey Sheban

 

THE COLUMBUS DISPATCH

After selling off a majority interest in its Express division yesterday, Limited Brands put a for-sale sign on the last piece of the core clothing business started in Columbus by Leslie H. Wexner.

 

In the future, Limited Brands will focus on its fast-growing Victoria's Secret lingerie and Bath & Body Works personal-care lines, which accounted for more than 90 percent of profit last year...

 

jsheban@dispatch.com

 

http://www.dispatch.com/dispatch/content/business/stories/2007/05/16/newspaper_version.ART_ART_05-16-07_A1_QO6NU0B.html

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Well, that sucks. Does that put the jobs in Columbus in jeopardy? They aren't ultra high-end brands, but I think it's really cool that we have major trendsetting companies like this in Ohio.

 

edit: NM the story says *more* jobs could come to cbus

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From the 2/27/07 Dispatch:

 

 

Tax credit lures firm, 97 jobs

Maker of high-performance material will move HQ to Columbus from Texas

Tuesday, February 27, 2007

Monique Curet

THE COLUMBUS DISPATCH

 

A Texas company will move its headquarters to Columbus and create 97 high-paying jobs within three years after receiving a tax credit from the state.

 

The Ohio Tax Credit Authority yesterday approved a five-year, 60 percent tax credit worth $856,745 for Zyvex Performance Materials Inc. The technology company creates high-performance materials used by others to make products for the sportinggoods, aerospace, defense and medical industries...

 

mcuret@dispatch.com

 

http://www.dispatch.com/dispatch/contentbe/dispatch/2007/02/27/20070227-C1-01.html

 

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