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Michaels Unveils Refreshed Brand Identity for 50th Anniversary

by Katie Lee

Irving, Texas — Michaels has unveiled a new brand identity focused on helping core and new customers alike bring their creative ideas to life. Marking its 50th anniversary, Michaels has updated its tagline to “Everything to Create Anything.” Bold colors, playful fonts and highly textured macro imagery brings the new strategy to life alongside brand storytelling that connects to the joy and self-expression that creativity evokes in all of us. “Our customers’ creativity is the driving force of the Michaels brand, and it’s an honor to play a special role …

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franchise developmentNewsremodelsrestaurants

The Melting Pot on Track to Reopen 60 Remodeled Locations in 2023

by Katie Lee

Tampa, Fla. — The Melting Pot, a 94-unit experiential dining fondue franchise, has had a hot start to the year with over 30 restaurants reopening after a push to remodel, a new pair of franchise owners joining the system and strong trends in guest count. “We’re beating last year’s numbers in terms of sales and guest count,” says Collin Benyo, franchise growth strategist. “There are great results that are exceeding our standards, and both the franchisees and guests are feeling that.” With over 30 restaurants remodeled in line with the …

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Newsretailers

Coach Owner to Acquire Parent Company of Michael Kors, Versace for $8.5 Billion

by Katie Lee

New York City — Tapestry, owner of fashion brands Coach, Kate Spade and Stuart Weitzman, has agreed to acquire luxury fashion group Capri Holdings Limited for $8.5 billion. Both companies are based in New York City. Capri Holdings consists of Versace, Jimmy Choo and Michael Kors. The group spans a retail footprint of over 1,200 stores globally, including 223 Versace locations, 237 Jimmy Choo stores and 812 Michael Kors locations. The all-cash transaction, which was unanimously approved by the board of directors at both Tapestry and Capri Holdings, is expected …

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facilities managementNewssoftware/technologyvendors

Tango, Provider of Cloud-Based Real Estate and FM Software, Acquires WatchWire

by Katie Lee

Dallas and New York City — Tango, a leading provider of cloud-based real estate and facilities management software, has acquired WatchWire, an industry leader in data and analytics that helps companies reduce emissions and energy expenses while simplifying sustainability and carbon reporting. The transaction further extends Tango’s position as a global leader in the real estate and facilities management space, enabling companies to meet their energy management and sustainability goals. WatchWire’s leadership team will join Tango; financial terms of the private transaction were not disclosed. “Faced with a rapidly changing …

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franchise developmentNewsrestaurants

BIGGBY® COFFEE On Track to Reach 500 Units by End of 2024

by Katie Lee

East Lansing, Mich. — BIGGBY® COFFEE, a high-energy coffee concept with more than 360 units, has signed 43 new franchise agreements so far this year and is on track to reach the 500-unit mark by the end of 2024. In 2023, 31 new stores have opened so far. “Currently, we have 361 stores open and around another 140 in development for a total of close to 500,” says Tony DiPietro, vice president of emerging market development. “That 500 is a big deal because we have a goal to have 500 …

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Newsretailers

Target Begins Nationwide Rollout of Drive Up with Starbucks

by Katie Lee

Minneapolis — Target Corporation has begun rolling out its new “Drive Up with Starbucks.” Guests can add a Starbucks menu item to a Drive Up order and have it delivered to their car at stores offering Target’s free Drive Up service. The service is beginning its chainwide rollout this summer and is slated to be available at all the 1,700-plus stores with Starbucks Cafés and Drive Up service by October. “Our guests have long told us Drive Up is a game-changer, adding convenience to their daily life, especially when they’re …

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Newspeoplerestaurants

Buddy’s Pizza Welcomes New CEO and COO

by Katie Lee

Farmington Hills, Mich. — Buddy’s Pizza, a Michigan-based operator of Detroit-style pizza, has named Chris Tussing its new chief executive officer. Prior to joining Buddy’s, Tussing was the chief marketing officer of Marco’s Pizza, where he helped it become the fastest-growing brand in the category, achieve $1 billion in annual sales and become the fifth-largest pizza brand. Throughout his 30-year career, Tussing has helped launch brands, as well as revitalize long-established but declining ones. He’s worked with several major Fortune 500 companies, like Clorox, Wrigley, Mars and Anheuser-Busch, as well …

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Newsretailers

Follett Higher Education and The Container Store Launch Pop-up Shops Across 36 College Campuses

by Katie Lee

Westchester, Ill. — Follett Higher Education, North America’s largest campus retailer, and The Container Store (TCS), the leading specialty retailer of organizing solutions, custom spaces and in-home services, has launched pop-up shops across 36 Follett college campus bookstores. As part of the partnership, campus stores will carry select products from The Container Store, providing more on-campus solutions to support students’ academic and living needs. “Our innovative partnership with The Container Store helps us expand on our mission to inspire, enable and celebrate the academic journey by ensuring students have the …

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franchise developmentNewsrestaurants

Johnny Rockets to Add 20 New Texas Locations

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Johnny Rockets and 16 other restaurant concepts, has inked a new development deal set to bring 20 new franchised Johnny Rockets locations to Texas in the next 10 years, with the first unit set to open in 2024. The new locations will open in partnership with Brame Holdings LLC. “Brame Holdings LLC continues to be a great growth partner in Texas across the FAT Brands portfolio,” says Taylor Wiederhorn, chief development officer of FAT Brands. “They are quickly …

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managementNewsproperty management

S.L. Nusbaum Realty Co. to Manage Village Marketplace in Virginia

by Katie Lee

Richmond, Va. — S.L. Nusbaum Realty Co. has been retained to provide leasing and management services for Village Marketplace in Midlothian, Va. Mary Yelinek will lead the management efforts on behalf of the new landlord, SUNCAP Real Estate Investments, who purchased the property in July. The 131,814-square-foot, Food Lion-anchored center features a dedicated turn lane, multiple points of ingress/egress and an average household income of $151,074 within a 3-mile radius. “We are thrilled to include Village Marketplace in our property portfolio and eagerly anticipate collaborating with the landlord and our …

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