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In 1932, Arthur Taubman purchased Pep Boys' three Advance variety stores in Virginia. In 1938, the chain began expanding. In 1978, the stores transitioned from selling household goods to selling auto parts.and were renamed Advance Auto. In 1985, the chain became Advance Auto Parts. The company now owns nearly 4,500 stores in the United States, Canada, Puerto Rico, and the Virgin Islands. Shares of Advance Auto Parts closed today at 41.20, a gain of 0.26 (0.64%).
Advance Auto Parts closing more than 700 stores across the US
https://www.wral.com/story/advance-a...e-us/21722692/
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Spirit Airlines, founded in 1983 as Charter One Airlines, is North America's seventh-largest passenger airline. Shares closed today at $1.08, unchanged.
Spirit Airlines files for bankruptcy protection but plans to keep flying
https://www.npr.org/2024/11/18/nx-s1...tcy-protection
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Michael Ingravalio opened Mike's Giant Submarine Shop in 1956 in Point Pleasant, New Jersey. Peter Cancro began working at the sandwich shop in 1971 and purchased it in 1975. He changed the name to Jersey Mike's Subs in 1987 and began offering franchises. Today there are around 3,500 Jersey Mike's worldwide. The company is not publicly traded.
Jersey Mike's sold to private equity firm Blackstone for $8 billion
https://www.nj.com/business/2024/11/...ne-for-8b.html
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AT&T purchased DIRECTV for $48.5 billion in 2015 and sold a 30% stake of the business to private equity firm TPG in 2021. In September 2024, TPG agreed to pay $7.6 billion to acquire AT&T's 70% stake in the company. Also in September 2024, DIRECTV announced plans to acquire Dish Network from EchoStar for $1 and the assumption of $9.8 billion in debt. Dish bondholders rejected the deal, which would have reduced their claims by about $1.5 billion, and now.......
DIRECTV cancels agreement to merge with Dish
https://www.cnn.com/2024/11/22/busin...ntl/index.html
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Stellantis, headquartered in Hoofddorp, The Netherlands, owns Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram Trucks and Vauxhal and, based on sales, is the world's fourth-largest automaker behind Toyota, Volkswagen and Hyundai. Shares of Stellantis are now at 13.20.
Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping sales
https://apnews.com/article/stellanti...94a7821cb73317
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Before becoming CEO of Subway in November 2019, Chidsey served as CFO of PepsiCo World Trading Company and CEO of Burger King. Subway is a privately held company and is not traded on any stock exchange.
Subway CEO John Chidsey steps down amid a major transition for the sandwich giant
https://www.entrepreneur.com/franchi...e-brand/483636
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In 1865, William Wallace Cargill bought a grain warehouse in Conover, Iowa. The company now operates in 66 countries and produces grain, beef, poultry, cattle feed, palm oil, vegetable oil, salt, glucose syrup and other commodities. In terms of revenue, Cargill is the largest privately-held company in the United States.
Cargill to lay off 8,000 workers amid falling commodity prices
https://www.foxbusiness.com/lifestyl...mmodity-prices
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The Kroger Company, founded in 1883 when Barney Kroger opened a grocery store in Cincinnati, is the United States' largest supermarket operator, with more than 2.700 stores in 35 states and the District of Columbia. Among Kroger's chains are Dillons, Ralphs, Fred Meyer, Smith's, Fry's, QFC, Harris Teeter, King Soopers and Food 4 Less. Albertsons, with nearly 2,400 stores, is the nation's second-largest supermarket operator. Among the company's chains are Vons, Albertsons, Safeway, Shaw's, Balducci's, Randalls, Tom Thumb, Jewel-Osco, Market Street, Acme Markets and Kings Food Markets, Shares of Kroger closed today at 60.73, a gain of 2.96 (5.12%). Shares of Albertsons closed at 18.51, a drop of 0.43 (2.27%).
$24.6 billion Kroger-Albertsons merger blocked by federal court
https://www.9news.com/article/news/n...9-06dea96d4012
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What Albertsons CEO Vivek Sankaran was essentially saying is: "If you won't play ball with me, I'm taking my ball and going home."
Albertsons gives up on Kroger merger and sues the grocery chain for failing to secure deal
https://www.seattletimes.com/busines...o-secure-deal/
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Steve Mandell opened the first Party City store in 1986 in East Hanover, New Jersey. At its peak, the chain had more than 900 locations in the United States, Canada and Mexico. After Party City filed for bankruptcy protection in January 2023 – its share price was 0.10 – trading was halted and its stock was delisted from the New York Stock Exchange.
Party City may file second bankruptcy, close more than 700 stores: Report
https://san.com/cc/party-city-may-fi...stores-report/
