Daily business news in the Great State of New York!
UNION, NJ — Home goods retailer Bed Bath & Beyond announced a restructuring that will eliminate 500 corporate jobs. The restructuring program includes a reorganization and simplification of its field operations, significant reduction in management positions across the business, and outsourcing of several functions. In December and January, the company said sales were down 5.4% […]
Chipotle Mexican Grill has launched a new version of its Queso called Queso Blanco, now available nationwide at its 2,000-plus restaurants. The new recipe uses 13 real ingredients, including aged Monterey Jack, white cheddar, and serrano, poblano and chipotle peppers, to create a smooth queso with just the right amount of spicy kick. As with […]
NEW YORK – Feather, a NY-based furniture rental service, has closed a $30 million Series B funding according to FINSMES. The round was led by Cobalt Capital with participation from Spark Capital, Kleiner Perkins, Bain Capital Ventures, Y Combinator, SV Angel, PJC, Fuel Capital, and Wildcat Capital Management. Feather has now raised $46 million to […]
Panera wants to get you into its restaurants more often! The fast-casual chain known for sandwiches, salads and baked goods, is offering customers a cup of coffee, iced coffee or hot tea every two hours with an unlimited subscription program for $8.99 per month. With the introduction of the subscription, Panera says it’s the first […]
The New York Times has hired Anupreeta Das as its new finance editor. Das spent 10 years at The Wall Street Journal, most recently as deputy business editor. At WSJ, Das helped supervise a wide swath of business and technology coverage, shaping daily news and enterprise. Among the stories she was closely involved in were […]
NEW YORK — New York Times best-selling author Dan Brown, best known for writing The Da Vinci Code, is writing his first children’s book WILD SYMPHONY later this year. Rodale Kids, an imprint of Random House Children’s Books, will publish WILD SYMPHONY. The debut picture book will be accompanied by Brown’s first official music release since his […]
BROOKLYN — ChartHop, which has developed an organizational management platform built to help companies scale, says it has raised $5 million in seed funding led by top Silicon Valley venture capital firm Andreessen Horowitz (a16z). Abstract Ventures, the a16z Cultural Leadership Fund, CoFound, Cowboy Ventures, Flybridge Capital, Shrug Capital, Work Life Ventures, as well as […]
NEW YORK – Maven, which operates a digital health company for women and families, has closed $45 million in Series C funding which included investments from actresses Reese Witherspoon, Natalie Portman, Mindy Kaling, and 23andMe CEO Anne Wojcicki. The round was led by Icon Ventures, with participation from existing investors Sequoia, Oak HC/FT, Spring Mountain […]
White Castle, the restaurant chain known for ts little sliders, will become the country’s first fast-food hamburger chain in the U.S. to offer a dairy-free alternative to cheddar cheese. White Castle plans to launch the non-dairy product on Mar. 1 in its New Jersey and New York City restaurants. Customers will be able to order dairy free cheddar to […]
The 117th annual Toy Fair New York will open its doors to thousands of toy industry professionals this Saturday at the Jacob Javits Center in Manhattan. Over 440,000 square feet of exhibit space — or nearly 8 acres — will be filled with hundreds of thousands of toys, games, and youth entertainment products. This is […]
Ally Financial, a banking company that is a major provider of auto loans and operates online bank Ally, has agreed to buy CardWorks in a deal valued at approximately $2.65 billion. CardWorks is based in Woodbury, NY and is a privately held company with $4.7 billion in assets and $2.9 billion in deposits. Under the terms of the […]
BROOKLYN — Radar, a startup that helps companies use location-based data, has raised $20 million in Series B funding led by Accel. This round brings Radar’s total funding to $30.5 million, including an $8 million Series A led by Two Sigma Ventures in April 2019. Additional investors in the Series B round include Two Sigma […]
NEW YORK — The trade group Interactive Advertising Bureau (IAB) has unveiled its third annual list of the most disruptive, influential Direct-to-Consumer (DTC) brands. More than 3,500 brands were analyzed before IAB narrowed the list to the most important 250 direct-to-consumer products. This year, for the first time ever, 100 service companies were added. “These […]
NEW YORK — Renaissance, a Marriott brand, has opened its third hotel in Manhattan this week with the Renaissance New York Chelsea Hotel located at 112 W. 25th Street. With 39 floors and 430 feet high, the hotel is one of the tallest buildings in the Chelsea neighborhood and also features one of the highest […]
NEW YORK (February 10, 2020) – KIND Healthy Snacks has launched a new lineup of snacks including frozen bars and chocolate bark. All promise healthy ingredients which is what KIND snacks are known for. KIND says its recipes use nutrient-dense, premium ingredients like nuts, seeds, whole grains and fruit, which are recommended for a healthy diet. […]