The Biz Week That Was: Trade wars, energy price hikes, and a megadevelopment
The Greggory brings American classics with Mediterranean flair to South Barrington
A new dining option bringing Mediterranean-influenced American classics to the Arboretum of South Barrington opened Friday. The Greggory promises “classic American dining with a warm, refined approach — deeply rooted in genuine hospitality for everyday gatherings and life’s special celebrations,” according to a press release.
Walgreens agrees to be acquired by private equity firm for almost $10 billion
Walgreens Boots Alliance says it has agreed to be acquired by private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money. Deerfield-based Walgreens said Thursday Sycamore will pay $11.45 per share, giving the deal an equity value just under $10 billion.
Lisle’s French market gets room to grow
Lisle’s French market will spend one more season near a pond before it’s set to move to a larger spot downtown. Village trustees have approved an amended license agreement with the market’s operator, Bensidoun USA, and a supplemental license for a new downtown event.
Trump’s trade policies are baffling businesses, threatening investment and economic growth
President Donald Trump’s ever-changing, on-again, off-again tariff war with America’s three biggest trading partners — Mexico, Canada and China — is baffling businesses and causing them to delay or cancel the investments that help drive economic growth. Trade wars complicate the decisions businesses have to make — which suppliers to use, where to locate factories, what prices to charge. During Trump’s first-term trade battles, U.S. business investment weakened late in 2019, convincing the Federal Reserve to cut its benchmark interest rate three times in second half of the year to provide some offsetting economic stimulus. Trump 2.0 is proving even more unnerving to business.
With electricity price spikes coming, environmental and industry groups pitch reform
Illinois faces potential energy shortfalls and all-but-guaranteed price spikes for northern Illinois this summer, consumer and environmental advocates say. Lawmakers and advocates in Springfield have proposed bills they say would address their concerns — but it’s unclear whether they’re likely to pass by the General Assembly’s expected May 31 adjournment.
With Stumara, husband-and-wife team brings Georgian cuisine to Wheeling
Inconspicuously tucked away in a strip mall in Wheeling, Stumara is bringing flavors and culture from halfway around the world in Georgia to the suburbs.
Mundelein, school districts at odds over Ivanhoe Village megaproject
The proposed Ivanhoe Village megaproject in Mundelein will encompass 772 acres owned by generations of the Wirtz family on Mundelein’s northwest side. To be developed over 25 years, the plan envisions 3,200 housing units of various types, shops, athletic fields, a village center, light industrial buildings and other elements.
Illinois and Chicago among top U.S. destinations for corporate expansion, relocation
For the third year in a row, Illinois has been ranked No. 2 for corporate expansion and relocation by Site Selection magazine, a leading publication in corporate real estate and facility planning. The magazine also ranked Chicago as the No. 1 metropolitan area for the 12th consecutive year.