The price of arabica coffee beans climbed to a 32-month high in early October, continuing a months-long upward trend that has driven up costs for coffee retailers and consumers just […]
Darden Restaurants announced it will keep Gene Lee on as CEO permanently. Lee served as President and COO for a year, then was named interim Chief last October when former CEO Clarence Otis stepped down. During his first six years at Darden he was president of the company’s Specialty Restaurant Group. Lee, a 30 year industry veteran joined the company in 2007 when it acquired RARE Hospitality International, where he held executive roles for almost a decade.
February 16, 2015
In an update last week, D&B Editor Christian Hudspeth explained why “simply put, business has been good” for Lennar Corporation over the past five years. The homebuilder, one of the largest in the US, has benefitted from affordable home prices, low interest rates, and a strengthening economy. Its new home deliveries jumped some 15% in fiscal 2014, while the average sales prices rose 12%. Lennar has seen revenue increase from some $3.1 billion in fiscal 2010 to $7.8 billion in fiscal 2014. Follow Christian on Twitter.
February 23, 2015
Biotech venture capital funding reached nearly $6 billion in 2014, boosting investment in an industry already buoyed by IPO and merger activity. Venture capital funding increased 29 percent over 2013 and reached near-record levels, according to FierceBiotech. For more trends, see our Biotechnology Product Manufacturing industry profile.