After a nearly two-year absence, Toys”R”Us announced that it is returning to Times Square with a holiday store in response to customer demand. The company will open a temporary 35,000 square-foot store located at 1466 Broadway (at the corner of 42nd Street and Broadway) in the historic Knickerbocker Building. Scheduled to open in August, the store …
NEW YORK — Access Technology Ventures, the venture capital arm of privately held industrial group Access Industries, said its leading a $100 million investment in the $300 million funding of Essential Products Inc. Essential Products — located in Palo Alto, CA — is a new smartphone maker founded by Andy Rubin, the creator of Android. …
NEW YORK — Market research firm L2 Inc has released its 4th annual L2 Digital IQ Index Food: US 2017 Report The L2 report measures the digital performance of 146 Food brands operating in the US. Quaker and Cheerios were ranked the top brands. The report focuses on key digital strategies and best practices for …
NEW YORK — JetBlue is forming a partnership with Gladly to improve customer service at the airline. Based in San Francisco, Gladly enables travelers to have one continuous conversation with JetBlue’s customer support team across multiple communication channels. Gladly was introduced to the company by JetBlue Technology Ventures, the venture capital subsidiary of JetBlue Airways, …
BROOKLYN — The Brooklyn Hospital Center (TBHC) has received a $25 million grant from the New York State Department of Health to expand and upgrade its emergency department facilities. Located in Downtown Brooklyn, the 464-bed community hospital is a clinical affiliate of The Mount Sinai Hospital and an academic affiliate of The Icahn School of Medicine at Mount Sinai. It serves 300,000 patients each …
Kellogg’s is closing its cereal cafe in Times Square this Sunday and will move downtown to a bigger location later this year. In July 2016, Kellogg’s NYC cereal café opened at 1600 Broadway to promote its brand with custom bowls of cereal with various toppings and flavors. Kellogg’s operated the cafe with its business partner, Co.create NYC, led by culinary …
NEW YORK — Bread, a consumer purchase finance technology company that builds customizable payment solutions for online merchants, has completed $126 million of equity and debt financing. Menlo Ventures led the equity round, with participation from Bessemer Venture Partners, RRE Ventures, and others. The debt facility was provided by Victory Park Capital. Bread improves conversion and raises average order …
MELVILLE, NY — Canon U.S.A. has introduced three new additions to its portfolio of Canon Image Stabilized Binoculars with the 14×32 IS, 12×32 IS and 10×32 IS. While all current Canon binoculars are equipped with an image stabilization (IS) function, new to these binocular models is Lens Shift Image Stabilization Technology. The IS technology, found in Canon EF lenses, allows …
NEW YORK — CapitalSpring, an investment firm focused on chain restaurants and franchises, has announced the final closing of CapitalSpring Investment Partners V, L.P., with $725 million of aggregate capital commitments. Fund V was substantially oversubscribed and exceeded its target of $500 million. The Fund attracted strong backing from a diverse group of existing and new …
Boston Market, a fast-casual dining chain known for its rotisserie chickens, is expanding in the greater New York City area with the opening of several new restaurants this year. New locations are now open in Parkchester and at The Crossings at Southern in the Bronx, with an additional property scheduled to open at Bruckner Plaza in the fourth quarter of …
NEW YORK — Bon Appétit magazine has announced the 50 finalists for The Hot 10: America’s Best New Restaurants 2017. This year’s winners of the annual list will be revealed in the September issue and on bonappetit.com on August 15. Making the list from the NY area are acclaimed LeCoucou in Manhattan and three Brooklyn …
NEW YORK — North 6th Agency, (N6A), a public relations agency based in New York City and Toronto, has opened a brand new office at 50 Greene Street in Manhattan’s SoHo neighborhood. The nearly 8,000 square foot office will serve as the headquarters for the N6A NYC operation, with N6A Toronto serving as the primary office for N6A employees based in Canada. The N6A NYC office boasts a variety …
LONG ISLAND CITY — Real estate investor and developer, Lightstone, will soon start leasing at ARC, a 428-apartment luxury rental property located at 30-02 39th Avenue in the Dutch Kills section of Long Island City. The complex has more than 50,000 square feet of indoor and outdoor amenities. Amenities at ARC include an expansive rooftop pool club featuring a 70′ long …
NEW YORK — Fresh&co, a fast-casual restaurant chain with 15 locations in Manhattan, has a bought a 35-acre farm in Orient, NY on the North Fork shore of Long Island. The farm is now known as fresh&co farms which will grow produce and raise livestock with the goal of providing hyper-local seasonal fruits, vegetables, and pasture-raised poultry and pork …