A hairy boycott for Ruby Tuesday, a possible major HQ for Knoxville, and more... [From our print edition featured in Monday's City Paper]
Aug 16, 2009 4:04 PM
Allenberg and Dunavant, two of the biggest players in Memphis' corporate scene, are in talks about combining their operations, a move that would create a company with more than $3 billion in sales and further shake up what has been a volatile sector of late.
At least three major merchants faced financial difficulties after the benchmark cotton price in New York jumped to a 12-year high in March 2008 and then plunged to the lowest since June 2002, according to Mike Stevens, a Swiss Financial Services analyst. The credit crisis and recession also worsened the situation as banks curbed lending, analysts said.
Aug 7, 2009 7:15 AM