FINANCE

Report: Private equity firm increases stake in DSW

BY Katherine Boccaccio

New York — Multiple reports on Tuesday revealed that private equity firm Leonard Green & Partners disclosed in a regulatory filing that it has upped its stake in shoe retailer DSW Inc. to 1.3 million shares – or 3% of the company.

The news sent DSW shares upward as much as 6% on Tuesday.

Leonard Green previously owned 981,196 shares in DSW before raising its stake. It was forced to disclose its new position after a request for confidential treatment expired on Nov. 28.

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REAL ESTATE

Applebee’s to open NYC’s first LEED Gold restaurant

BY Marianne Wilson

New York — Applebee’s will open New York City’s first LEED (Leadership in Energy & Environmental Design) Gold certified restaurant on Monday, Dec. 10.

The restaurant, located at 117th Street in the Harlem section of Manhattan, is the 35th Applebee’s location of franchisee Apple-Metro.

The location is equipped with over 40 eco-friendly upgrades including rooftop rainwater harvesting, waterless urinals and a “living wall” made up of plants. The plants are watered automatically through an automated control panel, which controls fertilizing as well. The use of bamboo figures prominently throughout the interior, used for the bar, countertops and chandeliers.

At the front of the restaurant there will be a Green Education Touch Screen, which will alert customers about the store’s green features and the benefits of green buildings.

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M.Willson says:
Apr-01-2013 11:24 am

The style of the restaurant
The style of the restaurant will be dependent on the location of the restaurant. For example, if someone is thinking about putting up a Chinese style restaurant in a place where this type of restaurant abounds. hotels in chula vista

M.Willson says:
Apr-01-2013 11:24 am

The style of the restaurant will be dependent on the location of the restaurant. For example, if someone is thinking about putting up a Chinese style restaurant in a place where this type of restaurant abounds. hotels in chula vista

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REAL ESTATE

Wingstop to open 50 Russia locations

BY Katherine Boccaccio

Richardson, Texas — Chain restaurant Wingstop announced Tuesday it has executed a master development deal that will facilitate about 50 unit openings in Russia, the first opening in Moscow.

The chicken wing purveyor — with more than 530 locations throughout the U.S. and Mexico — signed a master development agreement with Baxtor Limited for 50 Wingstop restaurants to be opened throughout Russia over the next 10 years.

The first location is expected to open in Moscow by the end of 2013.

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C.James says:
Mar-29-2013 04:04 am

This is great news. It's good
This is great news. It's good to know that they will also expanding their services in that country. - Kale Flagg

C.James says:
Mar-29-2013 04:04 am

This is great news. It's good to know that they will also expanding their services in that country. - Kale Flagg

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