REAL ESTATE

Dannon Company opens its first restaurant

BY Marianne Wilson

New York — The Dannon Co. on Monday made its first entry into the restaurant business with the opening of The Yogurt Culture Co., in Manhattan.

The restaurant is located at 125 Park Ave., between 41st and 42nd streets. It offers small-batch premium yogurt (as opposed to the company’s pre-packaged product that is sold in grocery stores) and fruit purees and other toppings.

Additional fare includes frozen yogurt, fresh-pressed juices, natural beverages and yogurt-based, fresh-baked pastries. Take-out cases offer sandwiches made with yogurt cheeses and organic meats, and fresh salads made with creamy yogurt dressings.

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STORE SPACES

Ikea goes solar in Houston; installation makes chain largest solar owner in Texas

BY Marianne Wilson

Houston — Ikea on Monday officially plugged-in the solar energy system installed at its store in Houston. The installation, when combined with Ikea solar projects atop stores in Frisco and Round Rock, will make the home furnishings retailer the state’s largest solar owner.

Ikea contracted with REC Solar for the development, design and installation of the Houston store’s customized solar power system. The store’s 116,400-sq-.ft. photovoltaic array consists of a 813-kW system, built with 3,388 panels. The program will produce approximately 1,152,464 kWh of clean electricity annually, the equivalent of reducing 795 tons of carbon dioxide (CO2), eliminating the emissions of 156 cars or powering 99 homes yearly.

Ikea owns and operates each of its solar PV energy systems atop its buildings (as opposed to a solar lease or PPA (power purchase agreement). The Houston installation represents the 19th completed solar energy project for Ikea in the United States, with 20 more installations underway, making the eventual U.S. solar presence of Ikea nearly 89% with a total generation of 38 MW.

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FINANCE

Coldwater Creek announces new financing with Golden Gate Capital

BY Marianne Wilson

Sandpoint, Idaho — Private equity firm Golden Gate Capital has provided Coldwater Creek with a five-year, $65 million senior secured term loan. The retailer also announced the completion of an amendment to its $70 million revolving credit facility with Wells Fargo Capital Finance, which matures on May 16, 2016.

“We are pleased to announce this strategic investment and partnership with Golden Gate Capital, which is a strong endorsement of our brand and turnaround strategy, and provides us with further financial flexibility to complete our near term business objectives and accelerate our growth plans,” said Dennis Pence, chairman and CEO of Coldwater Creek. “Golden Gate Capital brings a highly flexible investment approach and extensive retail expertise, which will be beneficial in the continued revitalization and long-term growth of Coldwater Creek.”

Neale Attenborough, Golden Gate’s retail group operating partner, will join the Coldwater Creek Board of Directors, in addition to another member, whose appointment will be announced at a later date.

“We look forward to working closely with Coldwater Creek’s talented management team as they return the Company to profitable long-term growth,” Attenborough said in a statement.

Golden Gate is one of the most active private equity investors in the retail and restaurants sector. Some of the firm’s retail portfolio companies include Eddie Bauer, J.Jill, Zales and Express. Over the last 12 months, Golden Gate has also announced investments in California Pizza Kitchen, Pacific Sunwear, and Payless ShoeSource (pending).

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P.Banik says:
Apr-10-2013 07:40 am

That is a huge amount of loan
That is a huge amount of loan they have been given. The kind of volatility that is clouding the market is making it impossible for the businesses to find the financial support they are looking for, however, they should continue to move ahead by summarising performances, and remodeling their business plans.

P.Banik says:
Apr-10-2013 07:40 am

That is a huge amount of loan they have been given. The kind of volatility that is clouding the market is making it impossible for the businesses to find the financial support they are looking for, however, they should continue to move ahead by summarising performances, and remodeling their business plans.

H.Hashimamlar says:
Oct-11-2012 05:00 pm

Working on the given topic is
Working on the given topic is really a difficult task but your this tutorial made it easy for me to handle it without any problem. If anyone seeking information then this blog is the best place for him as it has quality content for your required information. Thanks for sharing. William

H.Hashimamlar says:
Oct-11-2012 05:00 pm

Working on the given topic is really a difficult task but your this tutorial made it easy for me to handle it without any problem. If anyone seeking information then this blog is the best place for him as it has quality content for your required information. Thanks for sharing. William

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