Richmond-based men’s clothier S&K Famous Brands, Inc has filed for Chapter 11 Bankruptcy Protection in an effort to get out of leases, trim costs, and prevent further erosion of vendor confidence. The company lists assets of $41,440,100 and debts of $35,499,000 (not including operating leases). There will be a hearing at 2:00 today in Richmond.
By Elizabeth Barron Not all of us come with a built-in Intel processor, but the current economy has forced me to step up my cognition. On Friday, Jan. 16, I waited anxiously with my Circuit City colleagues for news about the company’s future. We paced back and forth. We chewed on leftover holiday candy. We… Read more »
A serial entrepreneur might have just the ticket to help sports arenas and other venues make money from fans who would rather stay home. Jermon Green is rolling out Be There on Demand, a web-based company that allows a venue to stream live or taped content on the Internet. The company provides the technical know-how… Read more »
Sandston, the small Henrico village near the airport, isn’t exactly a company town. But the thousands of employees at Qimonda helped support a handful of locally-owned shops and eateries. One of the first customers at Lizzy Peas Express was a Qimonda worker, according to manager Ollie Taylor (pictured above). “She went back and told other… Read more »
When it comes to selecting filming locations, the movie industry takes a cue from Jerry Maguire: “Show me the money.” Unfortunately for Virginia, there isn’t much to show. But that could change if plans to provide more incentives to studios take hold in the General Assembly.
Beleaguered computer chip manufacturer Qimonda announced this morning that it will close its Richmond operation, letting go around 1,550 of its 1,600 remaining employees.
The Port of Richmond will lose its main carrier at the end of March. Belgium-based Independent Container Lines said last week that it would stop using Richmond to load and unload mid-Atlantic cargo and instead set up in Wilmington, N.C. ICL accounts for about 75 percent of the traffic at the port, which employs about… Read more »
Retailers and restaurants in Shockoe Slip have joined forces to lure more shoppers to the downtown destination. Starting now and running through the end of March, people who spend $100 at participating stores will receive two River District Canal Cruise tickets and two vouchers good for $5 off meals at nearby restaurants. But wait, there’s… Read more »
Smoking is a hot topic in this year’s General Assembly. Several bills were introduced in the Senate that either ban or regulate smoking in Virginia. The Senate Education and Health Committee voted last week to allow five of those bills to move forward and appear before the full Senate.
If you keep seeing “Under New Management” signs all over the place, you’re not imagining things. Rick Hayden, founder of Richmond-based ABBN Business Brokerage, says he has seen a boom in the number of people looking to buy an existing business.