News Summary Grand Traverse Resort & Casinos has rebranded itself as the Grand Traverse Band Economic Development Corporation (GTBEDC). This name change signifies its commitment to fostering economic growth and opportunities for the Grand Traverse Band of Ottawa and Chippewa Indians, while expanding beyond gaming to enhance community impact and
News Summary Claire’s, the well-known accessory chain, has announced the closure of 291 stores nationwide following its Chapter 11 bankruptcy filing on August 6, 2025. This decision reflects ongoing challenges in the retail sector, particularly for brick-and-mortar stores. Among the affected locations are 11 stores in Michigan. Despite these closures,
News Summary Claire’s has filed for Chapter 11 bankruptcy for the second time since 2018, planning to close 291 stores, including 11 in Michigan, amid increasing competition and economic pressures. The company aims to realign its operations with market demands as it seeks potential buyers for remaining locations. The retail
News Summary Claire’s Holdings LLC has announced the closure of 291 stores across the U.S., including 11 locations in Michigan, as part of its Chapter 11 bankruptcy restructuring. Following significant financial challenges, the company expects to commence store closing sales by September 7, 2023. This marks Claire’s second bankruptcy filing
News Summary Starbucks is set to close its pickup-only store in Grand Rapids as part of a strategy to move away from this model by fiscal 2026. This decision impacts around 80-90 such stores across over 20 states, with a focus on enhancing customer experience and fostering a more traditional
News Summary Onyx Partners Ltd., a Boston-based private equity firm, has announced its acquisition of 119 JCPenney stores for $947 million. The all-cash deal, set to close by September 8, 2025, aims to help JCPenney repay its creditors following its Chapter 11 bankruptcy filing in 2020. The stores span 16.05
News Summary Six JCPenney stores in Michigan are set to be sold as part of a $947 million deal involving 119 properties, finalized by Onyx Partners. These operational stores are part of JCPenney’s ongoing restructuring after its bankruptcy in 2020, aimed at reducing debt and modernizing operations. Following the recent
News Summary The owners of several well-known wineries on the Leelanau Peninsula have taken over Michigan by the Bottle locations in Metro Detroit. This transition comes with plans to enhance the tasting experience and promote Michigan wines. The new partnership aims to spotlight selected wineries, revamp tasting rooms, and expand
News Summary Cava is celebrating the opening of its first Michigan restaurant in Canton on July 20. A Community Day event on July 19 will offer complimentary meals and a donation drive for Gleaners Food Bank. The restaurant, located at 43450 Ford Road, features a diverse Mediterranean menu and aims
News Summary Sheetz is set to celebrate the grand opening of its second store in Michigan on July 22, 2025. Located at 29225 Smith Road in Romulus, the event will feature activities, including gift card drawings and a food drive. Sheetz aims to invest heavily in the Michigan market, planning
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