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Cincinnati Business Courier
Ex-P&Ger’s new hair care line lands in Walmart amid $10M fundraise
Carol Teter spent 27 years commanding supply chain efforts for multiple brands at Cincinnati-based consumer goods giant 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. <\p> 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.<\p>
Prominent Cincinnati bar owner creates new business to help her peers
A Cincinnati bar industry veteran is launching a newest business venture.<\p> Julia Petiprin is behind Homemakers Bar, Sundry and Vice, Fifty Fifty Gin Club and is the co-founder of the Circle Hospitality Group. She’s now the CEO and director of operations for her new company, House of Departure, which officially formed earlier this month.<\p>
Five things to know, and a little (or a lot) of love for the Courier
Good morning, Cincinnati. Let's get right into the top business news stories you need to know to start your day.<\p> The battle between Kroger Co. and the Federal Trade Commission over its planned acquisition of Albertsons continues to heat up, Steve Watkins reports. Kroger on Aug. 19 filed a preliminary injunction in U.S. District Court for the Southern District of Ohio in downtown Cincinnati that would stop the FTC’s administrative proceeding from taking place. That proceeding “likely will take several years to result in a final decision,” Kroger said in the court filing.<\p>
AI is already fueling layoffs, but there is one silver lining
Employee concerns about the impact of artificial intelligence on their career prospects have ramped up as generative AI tools like ChatGPT have taken center stage.<\p> They have good reason to be concerned, according to a new survey of 984 business leaders by ResumeTemplates, which found 3 in 10 companies said they have replaced workers with AI this year. Additionally, 38% of companies that said they will use AI in 2025 will replace workers with the technology next year. <\p>
Kroger files motion to halt part of FTC process against Albertsons
Kroger Co. has filed a request in federal court to halt a key part of the Federal Trade Commission’s process opposing its planned $24.6 billion acquisition of Albertsons Cos. Inc. <\p> Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, filed a motion Monday, Aug. 19, for a preliminary injunction in U.S. District Court for the Southern District of Ohio in downtown Cincinnati. The injunction would stop the FTC’s administrative proceeding from taking place. That proceeding “likely will take several years to result in a final decision,” Kroger said in the court filing.<\p>
FC Cincinnati brings in new C-suite executive
FC Cincinnati has hired a new chief financial officer, replacing the previous executive who departed earlier this year.<\p> The Major League Soccer club brought Dan McGowan on board as CFO, effective Monday, Aug. 19. McGowan fills the role previously held by Dennis Carroll. McGowan reports to FC Cincinnati President and Co-CEO Jeff Berding. <\p>
Cincinnati apartment project full steam ahead after pandemic lull
A pair of local developers are pressing forward on an apartment project in Walnut Hills following a years-long pause due to the Covid-19 pandemic.<\p> Campus Management and Gibraltar Development have resumed pre-development work on Park Avenue Square.<\p>
One of region's fastest-growing firms expands to new city
A Cincinnati-based philanthropic advisory company announced that it will be expanding to a new market for the first time.<\p> Ignite Philanthropy, which is a for-profit company that serves nonprofits and private donors with fundraising, strategic counseling and grantmaking services, is expanding its offerings to Charlotte, N.C. The firm also named new top leaders, promoting a new president and chief operating officer.<\p>
Rare $5M-plus home sale leads strong July in Cincinnati: PHOTOS
Home sales at the top of the market came roaring back in July, with a rare sale of more than $5 million last month. There also was a little more geographic diversity among the top 10, including a home sale in Southeast Indiana.<\p> The average sale price for the top 10 home sales in July rose more than 46% compared to June to nearly $2.6 million from $1.75 million. Last month’s average also was up more than 26% compared to the same month a year ago, when the average sale price was more than $2.03 million.<\p>
112-year-old Sharonville manufacturer announces leadership changes
A Tri-State soap manufacturer that’s been around for more than 100 years is announcing some changes to its executive team.<\p> Sharonville-based Kutol Products Co. has named Brandon Jones as president and John Rhodenbaugh as executive vice president.<\p>
Research group outlines policy reforms to unlock housing affordability
Housing affordability is becoming a bigger issue for U.S. voters, spurring policymakers — especially at the state and local levels — to consider new measures aimed at easing the burden facing both renters and prospective homeowners.<\p> While every city, county or region thinks about housing affordability (and potential solutions) differently, several common policy changes are being pursued, especially to ease restrictions around building new housing. New research from the Mercatus Center at George Mason University in Arlington, Virginia, outlines some of the biggest reforms being adopted across the U.S. today and offers a menu of potential options for policymakers to consider.<\p>
AtriCure leadership explains $45M Greater Cincinnati expansion
AtriCure, according to company leadership, could have gone elsewhere with the 400 new jobs it announced it would create over the next five years in Greater Cincinnati. <\p> The publicly traded maker of specialized surgical treatments could have outsourced manufacturing operations, as others have done, according to Chief Technical Officer Sam Privitera. <\p>
UC hits milestone for $134M indoor sports facility: PHOTOS
Construction on the University of Cincinnati’s new indoor practice facility and performance center is well underway.<\p> The university broke ground on the $134 million complex in early 2023. It was announced at the facility’s beam-signing ceremony Friday, Aug. 16, that it would be named after Larry and Rhonda Sheakley, who provided a large portion of the funds. Naming opportunities for other spaces and rooms in the center are still open. <\p>
Five things you need to know, and the most important meal of the day
Happy Monday, Cincinnati! This week will be nice, with highs in the upper 70s and low 80s, but summer hasn't forgotten us yet. The mercury will get into brutal territory again by the weekend, so enjoy it while it lasts. Me, I'll be grilling.<\p> A Blue Ash-based engineering firm that services the aerospace and defense industries is nearly doubling in size, adding 150 new jobs at an annual payroll of $12 million over the next three years.<\p>
New brewery, restaurant to open in former Taft's Ale House in OTR
A new brewery and restaurant is opening in a well-known historic spot in Cincinnati.<\p> 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.<\p>
Producer ices major downtown convention center show for a year
The Cincinnati Home + Garden Show will not be held in 2025 because of the Duke Energy Convention Center’s closure but producer Marketplace Events plans to bring it back in 2026.<\p> The event typically is held in the winter, and the downtown convention center will be closed next year during its typical late February dates.<\p>
REVIEW: Summermusik’s East-West fusion is colorful, eye-opening
Summermusik’s “Many Colors of India” concert on Aug. 17 was about creating musical dialogues between East and West. Musically, those of us who are steeped in the Western musical tradition of scales and harmony experienced elements of an art form that is thousands of years old and based on ragas. Performed by the Cincinnati Chamber Orchestra, the Greater Cincinnati Indian Community Choir, soloists and dancers, the program shared the rich cultural heritage of the Indian community in Cincinnati and throughout Ohio.<\p> The musical selections illustrated ways that Indian classical music has influenced modern composers, such as Philip Glass and Reena Esmail, as well as pop culture in the television and film industries. (An Aug. 18 concert focused on the music of Bollywood.) In the words of composer and scholar Kanniks Kannikeswaran, this fusion of East and West “is not like welding. It’s going to the core of both traditions and finding a way to be authentic to both traditions.”<\p>
‘Council better get ready': Panel backs contentious apartment project
A developer shrank the size and eliminated a pool in a planned $45 million affordable housing project in Bond Hill, winning approval from the Cincinnati Planning Commission, but single-family homeowners adjacent to the site still are hotly opposed to it.<\p> Commissioners approved needed zoning changes and a final development plan for Seymour Station by Louisville-based LDG Development on a 3-1 vote, with Commissioner Byron Stallworth voting “no.” LDG will need City Council approval for the project, which now includes two apartment buildings with 150 units and 190 parking spaces. That’s down from 168 units after the developer removed a story from one of the buildings. <\p>
Cincinnati construction software firm names new CEO
A Cincinnati software construction company is promoting its chief financial officer.<\p> Norwood-based ConstructConnect, which provides software services to the construction industry, is promoting Buck Brody to president and CEO, effective Monday, Aug. 26.<\p>
The Playbook: How pay raise plans for 2025 are shaping up
Editor’s Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> Despite increasing political backlash toward diversity, equity and inclusion, a majority of workers still say they prioritize inclusion in their organizations. <\p>
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