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Crain's Chicago Business
Green Thumb's pursuit of Sam Adams brewer goes beyond beer and weed
Green Thumb Industries’ courtship of Sam Adams brewer Boston Beer Co. may have as much to do with the Chicago-based cannabis company’s interest in U.S. investors as its taste for beer. Subscribe and get unlimited access to Crain's Chicago Business. John Pletz is a senior reporter covering technology,...
Absent teachers risk costing American schools $4 billion a year
Las Vegas sits in one of the nation’s largest school districts that employs a small army of teachers — over 17,000 positions. On an average day last year, nearly a quarter of them weren’t in class. Subscribe and get unlimited access to Crain's Chicago Business. Six congressional...
Billionaire family builds a real estate empire fueled by tequila
The heir to a fortune built on Jose Cuervo tequila has plowed cash into U.S. commercial real estate for the past 15 years, quietly amassing a portfolio that runs from Miami to Minneapolis. Subscribe and get unlimited access to Crain's Chicago Business. Rents are still rising in the Loop, but...
Zurich North America offloads big part of Schaumburg HQ to Wheels
One of the largest fleet management companies in North America is moving its headquarters to Schaumburg after signing the biggest office lease in suburban Chicago in more than two years. Subscribe and get unlimited access to Crain's Chicago Business. The heir to a fortune built on Jose Cuervo has plowed...
Starcom lays off two top execs
Starcom has let go of two of its top U.S. executives, Chief Operating Officer Karla Knecht and Chief Client Officer Maureen Glure, the Publicis media agency confirmed. Both Knecht and Glure had been at Starcom since the 1990s. Subscribe and get unlimited access to Crain's Chicago Business. The Chicago-based publisher...
Ulta Beauty selects IPG’s Mediabrands as media AOR
Ulta Beauty has expanded its media remit with IPG. After working with Mediahub for seven years, the cosmetics retailer selected a bespoke team within IPG’s Mediabrands as its new media agency of record, tasked with handling a wider portion of Ulta’s business. Subscribe and get unlimited access to...
Report: 97% of public comments support cannabis rescheduling
More than 7,000 comments were received in the first week - and the public comment period remains open until July 22. If the public comments are any indication, the Drug Enforcement Administration’s proposal to reschedule cannabis is well on its way to approval. The government agency has only been...
Encyclopaedia Britannica seeks capital to repay Safra’s debt
Encyclopaedia Britannica Inc., the publisher of the namesake encyclopedia and the Merriam-Webster dictionary, is looking to raise fresh capital to repay debts of its Swiss owner Jacob E. Safra, according to people with knowledge of the matter. Subscribe and get unlimited access to Crain's Chicago Business. Employees say they've been...
Tempus plans to raise about $400 million in IPO
Tempus plans to raise about $400 million in its initial public offering, which would value the genetic-testing and analytics company at about $6 billion. Subscribe and get unlimited access to Crain's Chicago Business. The hospital system expects all electronic health records to be restored by the end of next week.
Michigan overtakes California in number of cannabis products sold
California is still outselling Michigan on the revenue front, likely due to higher prices in the West Coast state. The king is dead, long live the king. The Golden State of California, home to the famed Emerald Triangle and a global cannabis influencer for decades, is now number two – at least in volume of legal, licensed marijuana products sold in the month of March this year, according to cannabis industry data firm BDSA, SFGate reported this week.
Chicago has third-most Fortune 500 companies in the U.S.
Chicago is now home to 15 companies ranked among the 2024 Fortune 500 list, the third-most in the U.S. after New York City with 41 companies and Houston with 21. Subscribe and get unlimited access to Crain's Chicago Business. The state is on pace to shatter its record for capital...
Airfares set to moderate in economy cabin at least, CEOs say
After more than a year of eye-watering airfares post-Covid, there’s some good news for fliers this summer, at least for those traveling in economy — prices aren’t expected to go any higher and in fact may moderate. Subscribe and get unlimited access to Crain's Chicago Business. A...
American offers flight attendants immediate 17% pay hike
American Airlines Group Inc. has offered flight attendants an immediate 17% pay raise and increased profit sharing, an unusual move amid contentious contract talks. Subscribe and get unlimited access to Crain's Chicago Business. One cabin that isn’t expected to enjoy more reasonable fares — business class. The airline...
A therapist and seasoned philanthropist takes the helm for the Duchossois family
Ashley Duchossois Joyce, who recently was promoted to chairwoman at her family’s investment firm, Duchossois Capital Management, has been honing her leadership skills for years through her charities and nonprofits in Chicago and beyond. Subscribe and get unlimited access to Crain's Chicago Business. Mark Weinraub is a banking and...
Advocate Trinity earns U.S. News distinction for equitable care
Advocate Trinity Hospital on Chicago's Southeast Side has been named one of 53 best regional hospitals for equitable care in the nation. This exclusive Health Pulse content is only available to Health Pulse subscribers. Get a full year of access to Health Pulse + all Crain's Chicago articles and special...
Gold Coast row house on market for first time in 102 years
A brick row house on the Gold Coast that has been owned by a family's two generations of artists is for sale for the first time since 1922. Subscribe and get unlimited access to Crain's Chicago Business. The pair of 1950s Usonian houses were originally offered together, at $4.5 million....
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