By Ian Mylchreest
David's Bridal, the wedding outfitting operation that has a big operation on West Sahara to cater to the Strip's wedding industry, has been sold, reports Reuters. Federated Department Stores has been shopping the business around as part of a rationalization and the deal has taken a while to finish. There are 269 David's stores nationwide.
The price [...]
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Friday, November 17, 2006
It's IPO city
By Ian Mylchreest
Hertz finally started trading Thursday after a rocky road to its public launch. The rent-a-car company has become the poster child for the bad side of private equity when they put in a small stake but load a company up with debt. Ford Motor Co. sold Hertz last December to Clayton Dubilier & Rice Inc., [...]
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Friday, November 17, 2006
LA also has minimum wage blues
By Ian Mylchreest
The Question 5 anti-smoking initiative has overshadowed Question 6, which sets into the state constitution a higher minimum wage with cost-of-living adjustments. Still, there are some restaurateurs who are nervous about the way the new minimum wage will push up all their labor costs because cooks and others will want to maintain the difference between their [...]
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