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Old 06-05-2021, 11:40 AM
 
Location: Connecticut
332 posts, read 217,830 times
Reputation: 576

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New 2021 Fortune 500 list:

13. Cigna (Bloomfield)
64. Charter Communications (Stamford)
142. Hartford Financial Services Group (Hartford)
187. Synchrony Financial (Stamford)
190. XPO Logistics (Greenwich)
209. Stanley Black & Decker (New Britain)
236. Otis Worldwide (Farmington)
344. EMCOR Group (Norwalk)
349. Amphenol (Wallingford)
352. United Rentals (Stamford)
372. W.R. Berkley (Greenwich)
402. Frontier Communications (Norwalk)
415. Xerox Holdings (Norwalk)
424. Booking Holdings (Norwalk)

 
Old 06-05-2021, 11:56 AM
 
Location: Coastal Connecticut
21,752 posts, read 28,086,032 times
Reputation: 6710
Quote:
Originally Posted by ObedientSir View Post
New 2021 Fortune 500 list:

13. Cigna (Bloomfield)
64. Charter Communications (Stamford)
142. Hartford Financial Services Group (Hartford)
187. Synchrony Financial (Stamford)
190. XPO Logistics (Greenwich)
209. Stanley Black & Decker (New Britain)
236. Otis Worldwide (Farmington)
344. EMCOR Group (Norwalk)
349. Amphenol (Wallingford)
352. United Rentals (Stamford)
372. W.R. Berkley (Greenwich)
402. Frontier Communications (Norwalk)
415. Xerox Holdings (Norwalk)
424. Booking Holdings (Norwalk)
Several Fortune 1000 too, like Edgewell and Duracell. Where does Subway rank? Or not included because it’s private?
 
Old 06-05-2021, 12:00 PM
 
21,620 posts, read 31,207,908 times
Reputation: 9775
Quote:
Originally Posted by Stylo View Post
Several Fortune 1000 too, like Edgewell and Duracell. Where does Subway rank? Or not included because it’s private?
I’d guess the company being mostly franchise-owned would make it not a F500.
 
Old 06-06-2021, 06:37 AM
 
Location: Somewhere on the Moon.
10,091 posts, read 14,965,663 times
Reputation: 10391
Hey guys,

I don't think this merits its own thread, hence I put it here. I became aware that the very nice furniture store Lillian August in Norwalk may be closing. Can anybody confirm this? This is the flagship store, so this would be major. The following video is the source of this belief. If it is closing, what led to this? Is the company truly going out of business or is it restructuring and will open again? Is this another victim of the Covid pandemic crisis?


https://www.youtube.com/watch?v=bQZFvnXUteM
 
Old 06-06-2021, 08:22 AM
 
Location: Connecticut
34,933 posts, read 56,945,109 times
Reputation: 11228
Quote:
Originally Posted by AntonioR View Post
Hey guys,

I don't think this merits its own thread, hence I put it here. I became aware that the very nice furniture store Lillian August in Norwalk may be closing. Can anybody confirm this? This is the flagship store, so this would be major. The following video is the source of this belief. If it is closing, what led to this? Is the company truly going out of business or is it restructuring and will open again? Is this another victim of the Covid pandemic crisis?


https://www.youtube.com/watch?v=bQZFvnXUteM
According to this article they are closing that store after a dispute with their landlord. They are increasing online sales but do have other stores and are planning to open a store in the SoNo Collection. Jay

https://www.ctpost.com/business/arti...m-16184823.php
 
Old 06-08-2021, 08:21 PM
 
Location: Connecticut
34,933 posts, read 56,945,109 times
Reputation: 11228
Hard to believe but Connecticut is about to adopt a budget that not only pays our bills but has a built in surplus and actually addresses our pension debts. With our Rainy Day Fund rapidly growing toward its allowable maximum of 15% of the General Fund (about $3.5 billion), our budget over the next two years will still have a $2.3 billion surplus that will be used to address future pension obligations. Unbelievable. Jay

http://ctmirror.org/2021/06/08/new-c...f-2-3-billion/
 
Old 06-08-2021, 09:07 PM
 
34,053 posts, read 17,064,521 times
Reputation: 17212
This is horrible. I do wonder if they will run this company into the ground.

https://nypost.com/2021/06/07/subway...closure-rules/
 
Old 06-08-2021, 10:18 PM
 
1,888 posts, read 1,184,903 times
Reputation: 1783
Quote:
Originally Posted by BobNJ1960 View Post
This is horrible. I do wonder if they will run this company into the ground.

https://nypost.com/2021/06/07/subway...closure-rules/
While the 2 families already have multi generational wealth, they are morally bankrupt!

They have been running the company into the ground for a long long time.

It's a global multi Billion $ company run like a mom and pop until recently. While Fred was alive they had a heart but no brain.
Now without Fred Deluca the heart is gone and they are still clueless.
 
Old 06-08-2021, 10:27 PM
 
34,053 posts, read 17,064,521 times
Reputation: 17212
Quote:
Originally Posted by Stepfordct View Post
While the 2 families already have multi generational wealth, they are morally bankrupt!

They have been running the company into the ground for a long long time.

It's a global multi Billion $ company run like a mom and pop until recently. While Fred was alive they had a heart but no brain.
Now without Fred Deluca the heart is gone and they are still clueless.
It will flounder. I suspect in 10-20 years, it will be a fairly small company. My hunch is its next buyer may well end up a consortium of PE firms. I can't imagine a national restaurant company (or global one) wanting this chain at this stage.
 
Old 06-08-2021, 10:33 PM
 
1,888 posts, read 1,184,903 times
Reputation: 1783
The royalties are already amongst the highest in the industry.
To increase another 2% after the most challenging year in restaurant history and also expect most every store to invest at great cost to remodel is criminal.
It's like they want the company to fail.
Paul Steinberg in the article is an interesting attorney in NYC who specializes in franchise law after owning a store 20 odd years ago. Funny guy...
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