The co-founder of Rent The Runway is considering going public with the company. The website that lets women rent dresses announced that it raised $24.4 million. This money may go to building showrooms so customers can actually try on the dress before renting. These new showrooms may be a threat to department stores that thrive […]
Twinkies will be making a comeback. Apollo Global Management, LLC and Metropoulos & Co. have agreed to purchase Hostess and Dolly Madison. The firms will be buying the brands, five bakeries and some equipment for $410 million. Stores were bare of the cake brands since November when the company declared bankruptcy and closed its plants. […]
Mayor Menino has pushed back the BID and BRA’s plan to kick pushcart vendors out of downtown Boston at the end of March. The mayor gave the operators a 60-day reprieve because he feels strongly that they should be able to stay downtown. The BID and BRA has plans to create a smaller transitional […]
A new eatery called Sterling’s will be opening on State St. this week and the décor is reminiscent of the 1960s. The Glynn Group spent $1 million to build this new bar/restaurant that will serve French classics, flatbreads, casseroles, and ‘60s-era appetizers. The prices are reasonable with entrees ranging from $15 to $28. The restaurant […]
BRA raises pay for first time in 5 years The Boston Redevelopment Authority has increased many on its employees’ salaries for the first time in 5 years. All except for top earners within the organization received a 3% increase relative to 2012 salaries. Spokeswoman of the BRA Susan Elsebree said, “This was the right time […]
Developers Samuel & Associates and Weiner Ventures have received approval from the state to build a $360 million residential, commercial, and hotel development in the Back Bay. The real estate groups were victorious in acquiring the air rights above the development site. Although details regarding the development are sparse, it will likely transform the Boylston […]
A South Boston community recently received word that the former St. Augustine’s Church, a local landmark, will no longer be demolished and rebuilt. Due to a negative community reaction to previous plans, developers have announced that plans have changed to rehabilitate the site rather than demolish it. The rehabilitation of the 139-year-old church will not […]
The City of Boston is getting it’s first major rock-festival—Boston Calling Music Festival. The festival is to take place on May 25th and 26th at the City Hall Plaza. The festival has garnered a lot of attention online after releasing an outstanding lineup of artists. Here is the lineup: Day 1: FUN., The Shins, Marina […]
Dunkin’ Donuts CEO Nigel Travis reportedly told the Financial Times that he is requesting a change in how ObamaCare regulations identify full time employees. Due to regulations set forth by ObamaCare, Dunkin’ Donuts is required to provide health care coverage to all its full time employees. The law stipulates that any company with over 50 […]
The New York Times Company has decided to sell the New England Media Group, which includes The Boston Globe, boston.com, and the Worcester Telegram & Gazette. The new CEO, Mark Thompson, is developing a strategy to steer the company towards technology including social media, video, and mobile devices. Thompson stated, “Our plan to sell […]
