MDN: ServiceMaster Opens ‘Ground Floor’ Innovation Center Downtown

MDN: ServiceMaster Opens ‘Ground Floor’ Innovation Center Downtown The Ground Floor, ServiceMaster’s 20,000-square-foot innovation center located in the former home of Tower Records, formally opened Thursday, June 15 – marking the first completed phase of the Memphis-based company’s Downtown relocation. … “One of the reasons we decided to move Downtown and create something different, something that we couldn’t create anywhere else,” said ServiceMaster CEO Rob Gillette. The new innovation center will serve as a startup accelerator, allowing ServiceMaster to incubate fledgling IT developers as they work to find their footing. In order to achieve this, ServiceMaster will use the Ground … Continue reading MDN: ServiceMaster Opens ‘Ground Floor’ Innovation Center Downtown

HGN: No more door-to-door: Local tech company reboots the fundraising model

HGN: No more door-to-door: Local tech company reboots the fundraising model Four years ago, when Pam and Tom Cooper were looking for a way to work together, a seed of an idea began to germinate. A merchant and software architect, respectively, the couple hoped to combine their talents into a business. … The couple’s experience inspired them to look at school fundraising. Pam remembers when her grandmother was a teacher. Students sold magazine subscriptions to buy the first projector for their school. It’s been the same way for 60 years, Cooper explained. … In 2013, the Coopers applied to several … Continue reading HGN: No more door-to-door: Local tech company reboots the fundraising model

MDN: CEO: Wunderlich Acquisition ‘A Good Thing for Memphis’

MDN: CEO: Wunderlich Acquisition ‘A Good Thing for Memphis’ In providing context for his firm’s pending acquisition by a Los Angeles-based financial services firm, Wunderlich Securities Inc. CEO Gary Wunderlich explained that “there’s been a ton of consolidation in our industry,” and that “size and scale matter.” That helps explain why his Memphis-based firm, founded in 1996 and which generated $116.9 million in revenue over the 12-month period ended March 31, has agreed to sell itself to B. Riley Financial in a $67 million deal expected to close in June. Once the deal closes, the combined entity will have about … Continue reading MDN: CEO: Wunderlich Acquisition ‘A Good Thing for Memphis’

MBJ: Memphis firm inks national deal with Google sister company

MBJ: Memphis firm inks national deal with Google sister company A Memphis-based company with almost $1 billion in annual sales just inked a national partnership with Nest Labs, Inc., the Google-affiliated provider of smart home products. American Residential Services (ARS) will now start including Nest thermostats as a standard component of most of its middle- and upper tier residential HVAC system installations. The agreement makes ARS Nest’s largest home service provider “by far,” said ARS president Luis Orbegoso. He added that he expects his company, which is the largest provider of air conditioning units in the U.S., to install thousands … Continue reading MBJ: Memphis firm inks national deal with Google sister company

MDN: Memphis Redbirds Unveil New Team Logo

MDN: Memphis Redbirds Unveil New Team Logo The Memphis Redbirds have unveiled a new brand identity, with logos that evoke the neon lights of Beale Street, plus a throwback element that will be familiar to Memphis sports fans of the 1970s. The primary logo replicates the tube lighting of a neon street sign, a look that carries over to the team’s text logo and the numbers on the jerseys. Both the home and away uniforms feature the word “Memphis” across the front, with the “M” being a neon-style, reimagined version of the Memphis Blues logo from the 1970s. “With this … Continue reading MDN: Memphis Redbirds Unveil New Team Logo

CA: Financier plans high-rise hotel

CA: Financier plans high-rise hotel Denver hotel consultant Robert Swerdling plans to build a high-rise hotel Downtown next to the Memphis Cook Convention Center. The former Wall Street hotel financier said he has lined up $180 million and is working on the preliminary design details for a glass tower of at least 600 rooms facing Front at Poplar on the current site of a city-owned parking garage. … The new hotel would address the need for a large number of rooms immediately adjacent to the convention center, which is about to undergo a $60 million renovation. Memphis officials say they believe Swerdling … Continue reading CA: Financier plans high-rise hotel

MDN: Scenarios Emerge to Keep East Memphis Bookstore Going

MDN: Scenarios Emerge to Keep East Memphis Bookstore Going For sale: One beloved, 32-year-old independent bookstore. Asking price? $800,000. That’s what Booksellers at Laurelwood owner Neil Van Uum says he’d accept to unload the store, days after announcing its impending closure and a liquidation sale that begins on Friday, Jan. 6. He’s also talking with people about a variety of different scenarios, sparking some degree of hope that a closure might still be avoided. One such possibility – lining up an investor who would put up something in the range of $400,000 to carry the store forward in a smaller … Continue reading MDN: Scenarios Emerge to Keep East Memphis Bookstore Going

MDN: $950M Deal Would Make Fred’s No. 3 Nationwide

MDN: $950M Deal Would Make Fred’s No. 3 Nationwide Memphis-based Fred’s Inc. has agreed to buy 865 Rite Aid stores from Walgreens Boots Alliance Inc. and Rite Aid Corp. for $950 million, which will make Fred’s the third-largest drugstore chain nationwide. The move comes as Deerfield, Ill.-based Walgreens works to close its $9.4 billion purchase of Rite Aid, which would give the combined company 12,000 U.S. locations – several thousand more than the nearest competitor, CVS Health Corp. Consequently, federal anti-trust regulators have raised concerns about the deal. Meanwhile, Fred’s is looking to make quick progress on its strategy of … Continue reading MDN: $950M Deal Would Make Fred’s No. 3 Nationwide

MDN: City’s Momentum Charts Different Course, Method

MDN: City’s Momentum Charts Different Course, Method Nike community relations director Willie Gregory came to The Peabody hotel Wednesday, Dec. 7, to roll out the new MemphisWorks app for the Greater Memphis Alliance for a Competitive Workforce, which he chairs. But as an executive of one of the world’s best-known brands of sporting apparel and shoes, Gregory began his speech at the Greater Memphis Chamber’s Annual Chairman’s Luncheon by highlighting the four Memphis high school teams that won state championships in their respective divisions less than a week ago – Lausanne, East, Whitehaven and Trezevant. Then he added a postscript … Continue reading MDN: City’s Momentum Charts Different Course, Method

CA: Matt Ross-Spang may have engineered another Grammy winner

CA: Matt Ross-Spang may have engineered another Grammy winner Nominations for the 59th annual Grammy Awards were announced Tuesday, and although he was not “officially” nominated, Memphis recording engineer Matt Ross-Spang could walk away with back-to-back trophies in the Best Americana Album category. Ross-Spang — the former Sun Studio engineer, now based at Phillips Recording Service — has become a one of Nashville producer Dave Cobb’s go-to engineers over the past few years. As such, Ross-Spang engineered the Best Americana Album winner from 2016, “Something More Than Free” by Jason Isbell. This week, another Cobb-produced, Ross-Spang-engineered album, Lori McKenna’s “The Bird and the Rifle,” was nominated in … Continue reading CA: Matt Ross-Spang may have engineered another Grammy winner