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Louisville Business First
Colonel Sanders puts on shades
Two Kentucky companies have announced a new collaboration.<\p> Eyewear brand Shady Rays has unveiled a three-piece collection that’s destined to become a favorite for fans of KFC. This collection is the second co-branded release from the two companies.<\p>
Louisville firm buys 18 fitness studios
Orangetheory Fitness announced that Bluegrass Fitness, an affiliate of Louisville-based Manna Capital Partners LLC, has acquired 18 Orangetheory studios in the Orlando and South Florida markets, and has executed a multiyear development agreement covering Central and South Florida. <\p> This deal marks Manna Partners’ first investment in the fitness sector, according to a news release. Financial terms of the transaction were not disclosed.<\p>
Behind Louisville's festival boom
Louisville Tourism believes Bluegrass music and popular music festivals like Bourbon and Beyond and Louder Than Life are the keys to growing the city’s already booming tourism industry.<\p> The agency held its fifth annual Tourism Forum at the Old Forester Paristown Pointe on Thursday, July 11. “Bourbon City Amplified" focused on the importance of music and Louisville’s cultural landscape to economic development.<\p>
Louisville's newest bourbon-themed Airbnb (Photos)
One of Louisville’s newest Airbnbs is less “Bed and Breakfast” and more “Bed and Bourbon.”<\p> Butchertown Bourbon House opened its doors in late April and offers three distinct bourbon-themed rental buildings: The Manhattan, The Mint Julep and The Old Fashioned.<\p>
Public company names senior corporate counsel
Sypris Solutions Inc. (Nasdaq/GM: SYPR) on Friday announced the appointment of Rachel Ainsworth Brady to the position of senior corporate counsel and Secretary, effective July 8.<\p> Brady will be located at the company’s Louisville headquarters and will report to Jeffrey Gill, chairman, president and CEO, according to a news release.<\p>
Warehouse announces closure, layoffs
An athletic clothing company will permanently close its local warehouse facility and terminate all of its employees before the month ends.<\p> According to the WARN notice sent to the Kentucky Career Center Wednesday, Fabletics Inc. is closing its warehouse facility this month. <\p>
OPINION: How would you handle a crisis at your company?
Do you know what your company will do when a crisis occurs? Who will you call? Who is on your crisis response team? Who will be your spokesperson when there’s a mishap at your business or a scandal unfolding before your very eyes? <\p> What used to be a 24-hour news cycle is much shorter because of social media. News and crises often break on social media long before you even know it has occurred. <\p>
Health care firm opens new location
Family Health Centers Inc. is expanding in the South End.<\p> The Louisville-based nonprofit opened its 10th location Thursday at 4112 Taylor Blvd. inside the Hazelwood Shopping Center, according to a news release.<\p>
GE Appliances announces layoffs
One of Louisville's largest employers says it's laying off 4% of its global salaried workforce. <\p> GE Appliances confirmed those plans to Business First Thursday after initial reports of the layoffs appeared in the Courier Journal. <\p>
Ford considers $400M new plant
Ford Motor Co. appears to be considering a Shelby County for a small, specialized EV component plant. <\p> The plant was mentioned during a recent meeting of the Kentucky Economic Development Finance Authority. It's referenced in meeting minutes and the Courier Journal reports Gov. Andy Beshear has confirmed it as well.<\p>
The National Observer: Investors taking a big interest in strip malls
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today, we're looking at the closure of a century-old college, a sustained surge in new business formation, and where Kroger is looking to sell stores in order to win antitrust regulators’ approval for a $24.6 billion acquisition. But first, let's see how the accelerating spread of data centers is prompting resistance in some regions.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter. <\p>
Well-known local exec joins PwC
A well-known local diversity, equity and inclusion professional is back at it after some time away from the workplace.<\p> Victoria Russell says she’s accepted the position of managing director, inclusion strategy leader at PricewaterhouseCoopers LLP. The position keeps Russell in Louisville, working out of the accounting giant’s Downtown office at 500 West Main Street.<\p>
Marketing data firm sold
Louisville-based marketing intelligence firm The Stevenson Co., doing business as TraQline, has been acquired by Chicago-based private equity group ParkerGale.<\p> The financial terms of the deal were not disclosed in a news release on the purchase. According to its website, TraQline provides data to brands — durable goods specifically — that comes directly from consumers. And brands use this data to make decision son how and where to sell their products. <\p>
Group eyes JFK flight
Local travelers could be getting more flights to New York if the organization overseeing Louisville’s Tourism Improvement District (TID) has its way.<\p> Eamon O’Brien, general manager of the Omni Louisville Hotel, is the chair of the Louisville Hotel Partnership (LHP), formerly the Greater Louisville Lodging Management District.<\p>
UPS names new CFO
UPS Inc. has hired Brian Dykes as chief financial officer, according to a news release.<\p> Dykes is taking the position effective immediately. He is responsible for UPS's financial strategies and will lead the global finance organization, including planning, treasury, tax, financial reporting, financial operations and investor relations, according to the release.<\p>
Le Moo owner's next steakhouse revealed
A new hotel in the works in Downtown Louisville will feature a steakhouse from a well-known Louisville restaurateur.<\p> Kevin Grangier, president and CEO of Bellé Noble Entertainment Group, will open Bourré Bonne Steakhouse in the Canopy by Hilton Downtown Louisville, according to a news release. The hotel, a $75 million project under construction at 143 W. Market St., is expected to open in Q4 of 2024. Bellé Noble Entertainment Group, which owns Le Moo and Grassa Gramma in Louisville, is designated as the hotel’s food & beverage operator.<\p>
Flying Axes closing in NuLu —what could replace it
Flying Axes in NuLu is closing, and we now have an idea of what might replace it — though nothing is finalized.<\p> Here's what's out there: Plans were filed with Louisville Metro Government for a fire suppression system for Whiskey Thief, a Frankfort, Kentucky-based distillery owned by Louisville entrepreneur Walter Zausch at 610 Nanny Goat Strut. <\p>
Local CRE firm adds 1.8M-s.f. to roster
TRIO Commercial Property Group announced it was awarded a 1.8-million-square-foot industrial portfolio for leasing and management services. <\p> The assignment from Weston Inc. encompasses five prominent Louisville properties, the bulk of which are industrial, office and flex space, according to a news release. <\p>
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