Gump's, a San Francisco luxury retailer founded in 1861, will change ownership next month when parent company Hanover Direct completes a sale of the business to three investment firms, a Gump's spokeswoman said Tuesday. San Francisco venture-capital firm WaldenVC, Stone Canyon Venture Partners in Beverly Hills, and New York private-investment firm Sand Springs Holdings plan to buy the Gump's store at 135 Post St., plus its catalog and Web site business, for an amount not yet disclosed. The deal is to be announced publicly today and is expected to be completed in March, Gump's spokeswoman Shirley Wilson said. Gump's current president, Jed Pogran, will lead the company after the sale. The acquisition "bodes extremely well for Gump's future," Wilson said. Financial troubles have plagued parent company Hanover Direct Inc., a direct-mail firm in Edgewater, N.J., which has owned the iconic San Francisco retailer since 1993. Hanover Direct has suffered a series of losses in recent … [Read more...] about Investment firms buying Gump’s / Deal expected to be completed in March
Photo: PRWeb Photo: PRWeb Image 1 of / 1 Caption Close Image 1 of 1 Photo: PRWeb Omnia Markets, Inc., a Cryptocurrency Smart Analytics Platform, Engages an Investment Bank and a Platform Service Provider 1 / 1 Back to Gallery First Investor Roadshow to Focus on Middle East and North Africa NEW YORK (PRWEB) December 11, 2019 Omnia Markets, Inc., currently developing a one-stop platform to provide cryptocurrency-based data, proprietary and non-proprietary analytics, comprehensive and reliable industry market information and trends all backed by their Artificial Intelligence (A.I.) system, has engaged a corporate finance service provider, Marquee Equity, and a New York-based investment bank, Jahani and Associates LLC, to provide advisory services and to … [Read more...] about Omnia Markets, Inc., a Cryptocurrency Smart Analytics Platform, Engages an Investment Bank and a Platform Service Provider
Photo: PRWeb Photo: PRWeb Image 1 of / 1 Caption Close Image 1 of 1 Photo: PRWeb New ATD Research: Investment in Talent Development Remains Steady 1 / 1 Back to Gallery 2019 State of the Industry report shows healthy investment in employee learning for seventh straight year. ALEXANDRIA, Va. (PRWEB) December 11, 2019 Despite a slowing of global economic activity in the second half of 2018, organizations continued to make a significant investment in employee learning, according to ATD’s 2019 State of the Industry report. The publication, sponsored by American Management Association International, showed the average organization had a direct learning expenditure of $1,299 per employee in 2018 and each worker used 34 hours (slightly higher than four … [Read more...] about New ATD Research: Investment in Talent Development Remains Steady
Karma Provides Sustainable News and Thoughtful Analysis on Timely Impact Investments NEW YORK (PRWEB) December 11, 2019 Newly launched digital platform Karma is leading the growing impact investment space with action-oriented resources, original content, and sustainable business news offerings. The platform was created to empower the growing audience of investors, entrepreneurs and conscious consumers who are focused on people, planet and profit. Karma’s team of high caliber journalists and seasoned investors is bringing together expertise and capital to create more opportunities for greater impact. The Karma editorial team is comprised of high caliber journalists from major mainstream business media now on their own missions to craft powerful and informative content and advance collective impact missions. Karma covers disruptive trends that challenge stagnant business beliefs and inspires entrepreneurs and investors with the creativity, grit and resilience to create a better … [Read more...] about Investors and Journalists Join Forces in New Impact Investment Digital Media Platform, Karma
In September 2017, Amazon announced that it would build a second corporate headquarters, where it would offer 50,000 potential new jobs. The announcement asked for proposals for the location, suggesting that it hoped local governments would offer economic investment incentives. (Amazon founder and chief executive Jeff Bezos owns The Washington Post.) Bids came in from 238 sites across North America, including Los Angeles, Green Bay, Wisconsin, and Orlando, Florida. For a year, observers speculated about which city would be chosen. The day before the midterm elections, the Wall Street Journal reported that Amazon would split HQ2 between New York City and Arlington, Virginia. New York offered incentives valued at roughly $3 billion, based on existing state and local economic programs. Virginia offered about $1.5 billion in incentives, much of which included investments in education, infrastructure and workforce development. These were new initiatives but hardly giveaways just to Amazon. … [Read more...] about Amazon will move into New York City after all. Did it really need public investments?