Memphis Business Journal

The third-annual Mempho Fest 2019 returned to Shelby Farms Park this past weekend, Oct. 19-20. Like the year before, the event saw top national music artists perform under near-perfect Memphis weather conditions — all underwritten by many of the biggest companies in the city. Mempho was headlined by Nashville-based/Jack White-led rockers the Raconteurs, Grammy-winning singer-songwriter Brandi Carlile, and all-time great hip-hop band Wu-Tang Clan. That was on-stage. But, the stages themselves…
Monday, October 21, 2019 - 15:13
Publications that come out with lists aren't always favorable to Memphis. In 2016, USA Today ranked Memphis as one of the worst cities to live in in America. The Tennessean, Nashville's primary newspaper, then shared it on social media with the caption: "We've got some bad news for our neighbors in Memphis." Fox News, a few years ago, named Memphis one of the five cites in the world you should never travel to alone — in part due to arson, apparently. And, Travel + Leisure, in a 2014 list, named…
Monday, October 21, 2019 - 14:45
"The centralized location of Memphis coupled with access to major transportation providers makes Memphis a great location for Eversana."
Monday, October 21, 2019 - 14:05
A new, $11 million hotel will be opening soon in the Wolfchase Galleria area, right off Interstate 40. Home2 Suites by Hilton is set to open in late November at 2809 New Brunswick Rd., according to hotel's general manager, Porceanna Brounson. The hotel's website is accepting reservations for Dec. 13 and after. The 67,000-square-foot hotel consists of 105 rooms and is being developed by franchisee Goodwill Partnership and managed by Southaven-based PGC Management Inc. Brounson said the Home2 Suites…
Monday, October 21, 2019 - 13:44
Karen Carrier, one of Memphis' most prolific restaurateurs, considers Jamaica something of a second home. She said she's been traveling there for about 17 years, and it serves as an inspiration of her latest ventures Back Dō/Mi Yard, which opens this week. The outdoor space is idyllic — lush plants, mismatched patio furniture, a pretty bar, a harlequin-patterned deck built by rock-and-roller Harlan T. Bobo. The restaurant will be open Wednesdays through Saturdays. "When it rains, it will…
Monday, October 21, 2019 - 12:16
AutoZone will lose two members from its board of directors this December. The auto parts giant announced Oct. 16 that W. Andrew McKenna and Luis P. Nieto would not stand for reelection and will retire from the AutoZone board, effective in December. “In his nearly 20 years on the AutoZone Board, Andy has provided insightful guidance, tutelage, and served in leadership roles as both lead director and audit committee chair,” Bill Rhodes, chairman, president, and CEO of AutoZone, said in a…
Monday, October 21, 2019 - 12:05
"We provide stability for our personnel by offering a competitive benefits package that creates a safety net for unexpected events."
Monday, October 21, 2019 - 06:16
Last year, Hunt's added NFL MVP QB — and ketchup superfan — Patrick Mahomes as its brand ambassador. This year, it's added a Memphis-area company to its team, too. Oakland, Tennessee's Ring Container Technologies recently partnered with Conagra Brands Inc. to create a new bottle for Hunt's ketchup, and the packaging is now available on store shelves. "We are honored to work with Conagra on yet another exciting project leveraging our latest innovative technology," said Tim Ferrel, Ring VP…
Monday, October 21, 2019 - 06:07
Rebecca Henry's reasons for opening Cashmere & Roses are more practical than anything else. She ran a children's clothing store for 10 years in Mississippi. And, then her family moved to Germantown. That meant a lot of driving. "It got to be too much," Henry said. "So, I decided that I wanted to open in Germantown and I didn't want to focus solely on children's clothes anymore." She opened Cashmere & Roses, named after two of her five children, in Germantown's Thornwood development last week.…
Monday, October 21, 2019 - 05:00
"In terms of convention hotels, Loews isn't as big as Hilton, Hyatt, Marriott, or Omni, but it still is a major name nationally. What they’re going to do is bring a national sales force to Memphis to help sell convention business for Memphis."
Friday, October 18, 2019 - 15:09
According to Indigo Ag, if regenerative farming practices were adopted, more than a trillion tons of carbon dioxide could be removed from atmosphere.
Friday, October 18, 2019 - 14:57
All associates share in the bonus pool and stock option plan. Associates are also recognized regularly by their leaders at team meetings.
Friday, October 18, 2019 - 13:58
EDGE CEO Reid Dulberger said he was unaware Raymond James had an ownership interest in 1100 Ridgeway Loop but that it wouldn't have made a difference.
Friday, October 18, 2019 - 12:21
Long Road Cider will move its facilities from unincorporated Shelby County to Delta Blues Winery in Lakeland, according to a news release. "It was kind of fortuitous. I had reached out to Delta Blues in the past to see about getting some help with meeting the demand [for Long Road cider] and using some of their equipment to raise my production," said Scott Patterson, who founded Long Road in 2013. At one point, Patterson planned to move the Barretville cider business to Cooper Young, but that…
Friday, October 18, 2019 - 11:27
It’s hard to say what the lifespan of a commercial building should be. Some buildings pass the test of time, maintaining their usefulness for decades, even centuries, into the future. Others, less so.
Friday, October 18, 2019 - 07:49
Memphis' Oak Hall, the 160-year-old, ultra-chic men's and women's clothing store, recently got an update to its interior space. "They're continually adding various elements that are unique to Memphis, like their whole jewelry collection," Graham Reese of Graham Reese Design Group said of his recently completed work at the East Memphis Oak Hall, in Boyle Investment Co.'s Regalia Shopping Center. Reese said his aim in working with retail is to showcase the items for sale, not necessarily the design…
Friday, October 18, 2019 - 06:07
Sarah Butts: What are current trends in the multifamily industry in Memphis? Lea Heilig: We’re seeing many positive trends, particularly very favorable multifamily fundamentals. The Metro has seen 4.2% effective rent growth in the past 12-month period, and a 94% average occupancy, meaning the rental market is outperforming historical averages.  In downtown, which has historically been the strongest submarket, demand for Class A rentals has pushed average rents to $1.63 per square foot — that’s…
Friday, October 18, 2019 - 00:00
Southland Casino plans to reduce and ultimately eliminate greyhound racing at the West Memphis track over the next few years. Southland Casino Racing and the Arkansas Greyhound Kennel Association announced Thursday, Oct. 17, an agreement to phase out live greyhound racing at the West Memphis entertainment destination over a three-year period, beginning next year and culminating Dec. 31, 2022. The number of races at Southland will be reduced from its 2019 level of 6,656 races to: 4,992 races in…
Thursday, October 17, 2019 - 16:02
A $3 million building permit was filed Oct. 16 for more work by a railroad company planning to open its new Memphis facility. The permit is to remodel the existing office building at 611 Winchester Road for Pandrol USA. The work also includes installing injection molding machines in the manufacturing portion of the building. Pandrol USA, a maker of rail infrastructure, has plans to locate its North American manufacturing corporate headquarters to the Winchester Road facility, bringing 73 jobs…
Thursday, October 17, 2019 - 13:35
When you think about your place of employment, what are the first words that come to mind? If those words are NSFW (not safe for work), then you probably aren’t employed at one of the Memphis Business Journal’s 2019 Best Places to Work.  As part of our annual Best Places to Work event, MBJ honors the local businesses that go beyond what is required to create a work environment — physically and culturally — that keeps employees engaged and fulfilled. These companies honored know the importance…
Thursday, October 17, 2019 - 13:14

Pages