Birmingham, Alabama, was rocked by two separate shooting incidents over the weekend, resulting in the deaths of seven individuals, including a young child. The violence began outside a home and concluded with a deadly episode at a local nightclub, shaking the community and prompting a widespread law enforcement response. Late Saturday night, the Birmingham Police […]
Coca-Cola Bottling Company United, Inc. (UNITED) has declared a substantial investment of $330 million in the construction of a new multifaceted facility in Birmingham’s Kingston community. This significant development is poised to create up to 50 new jobs while retaining over 750 existing positions, affirming Coca-Cola UNITED’s robust commitment to the Magic City. The project […]
LondonMetric Property Plc has divested a portfolio consisting of four multi-let industrial estates to real estate investment firm Hines, at a price of £40.5 million. This sale reflects a Net Initial Yield (NIY) of 6.2%. Spanning 435,000 square feet across 47 units, the industrial estates generate an annual rental income of £2.7 million, with a […]
British retail company Marks & Spencer (M&S) will invest approximately £480 million in bigger, better stores across the UK as part of its five-year Store Rotation Programme. The investment is expected to help Marks & Spencer establish itself as a major omnichannel retailer in the UK and provide new employment opportunities to more than 3,400 […]
Thermo Fisher Scientific, an American analytical laboratory instrument manufacturing company, has closed the previously announced acquisition of The Binding Site Group, a UK- based diagnostic products manufacturer, for £2.3 billion ($2.8 billion) in cash. The acquisition complements and adds to Thermo Fisher Scientific’s existing specialty diagnostics offering in oncology. The Binding Site offers specialty diagnostic […]
DeSHAZO has acquired Proto Machine Works, a manufacturer of industrial machinery, based in Huntsville, Alabama. The financial terms of the deal announced in mid-September were not disclosed. Proto Machine Works is engaged in designing and manufacturing customized industrial equipment to help customers in solving complex production challenges. DeSHAZO, on the other hand, is an original […]
US specialty retailer Conn’s HomePlus will open two new showrooms next month in Birmingham, Alabama, bringing total operating units to 135 across 14 states. The two new Birmingham locations located at 9530 Parkway East Roebuck and in Wildwood Centre, 251 Lakeshore Parkway mark third and fourth Conn’s HomePlus showrooms in Alabama. The stores follow the new Montgomery showroom, opened April 2019 […]
Retail acquisition news : American discount store retailer Target has struck a deal to acquire online grocery delivery service Shipt for $500 million with an intention to strengthen its fulfillment capabilities. Shipt, which is headquartered in Birmingham, Alabama, was founded in 2014. It is a membership-based online grocery marketplace and same-day delivery platform. The online […]