Dunkin’ sets IPO price range
New York City — Dunkin’ Brands Group is seeking to raise as much as $460.6 million in its initial public offering, 15% more than the company planned in May, Bloomberg reported.
Dunkin’ Brands is offering 22.3 million shares for $16 to $18 each, the chain said in a filing with the U.S. Securities and Exchange Commission today. The company may sell an additional 3.33 million shares, given sufficient demand.
The Massachusetts-based Dunkin’ was purchased in 2006 from liquor company Pernod Ricard SA for $2.4 billion in cash by a trio of private-equity firms: Bain Capital Partners LLC, the Carlyle Group and Thomas H. Lee Partners. It is the latest private-equity-backed offering to arrange to go public in the United States this year.
eBay takes counterfeiters on with new campaign
NEW YORK — eBay is taking a stand against counterfeit goods by partnering with the Council of Fashion Designers of America (CFDA) to launch "You Can’t Fake Fashion," a new campaign to celebrate original design. Part of the campaign includes the creation of totes, customized by 50 designers, which sport the tagline "You can’t Fake Fashion." This collection is now on sale exclusively at eBay Fashion Vault at fixed, "Buy It Now" prices. The customized totes retail for $150 and the standard totes retail for $35, with all proceeds benefiting the CFDA Foundation Inc.
“We hope broader awareness will help fight counterfeits and the harm they cause, and eBay is proud to partner with CFDA on this thought-provoking campaign,” said Alan Marks, eBay’s SVP global communications. “Counterfeits not only are illegal, they also damage brand owners, frustrate shoppers and undermine consumer confidence. eBay invests substantial resources to help provide millions of consumers a trusted, confident marketplace experience when shopping for authentic new, used and vintage merchandise, and this campaign is another example of our commitment to being a leading industry voice in the fight against counterfeits.”
Weis Markets freezes prices again
SUNBURY, Pa. — Weis Markets announced it has lowered the prices on 1,600 staple items and that it will freeze these new lower prices for ninety days through Oct. 8. It is the company’s seventh 90-day price freeze program over the past two and a half years.
"Despite food inflation, we have been able to reduce and freeze the prices on 1,600 products across every department in our store," said David Hepfinger, Weis Markets’ president and CEO. "Our price freeze program continues to offer our customers long term values they can count on. Over the past two and a half years, our previous price freeze programs have helped our customers save more than $30 million."
The Price Freeze Program is being promoted in Weis Markets’ current circular, television and radio ads. In stores, customers will see Price Freeze signage and shelf tags for participating items.