Mark Basch - Jacksonville Daily Record
Featured image for “Jacksonville jobs growing in almost all sectors”
March 13, 2023

Jacksonville jobs growing in almost all sectors

Jacksonville’s unemployment rate rose slightly in January, but that’s normal when businesses let holiday workers go.

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Featured image for “Custom Brands closing Jacksonville facility and cutting 79 workers”
February 22, 2023

Custom Brands closing Jacksonville facility and cutting 79 workers

Custom Brands will terminate most of its employees in Jacksonville between April 17 and June 9. The company makes window treatments.

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Featured image for “Shad Khan’s sports holdings grow to $5.95 billion”
February 2, 2023

Shad Khan’s sports holdings grow to $5.95 billion

Shad Khan’s sports holdings grew, but the Jacksonville Jaguars owner slipped in Forbes’ ranking of sports empires.

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Featured image for “Duval surpasses 1 million population. Why does it matter?”
January 6, 2023

Duval surpasses 1 million population. Why does it matter?

With more than 1 million people, Duval County can attract more retailers and businesses, but the milestone raises challenges for managing growth.

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Featured image for “Rowe’s IGA sold for $47 million”
December 19, 2022

Rowe’s IGA sold for $47 million

A holding company based in Trinidad and Tobago says it has bought Rowe’s IGA Supermarkets, which operates seven Jacksonville stores, for $47 million. Massy Holdings Ltd. said it completed the acquisition Dec. 12. It did not announce any plans for the independent supermarket chain. Rob Rowe established Rowe’s IGA in 2005 by acquiring stores closed by Albertsons Cos. Inc. after

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Featured image for “Maple Street Biscuit Co. adding locations with caution”
December 12, 2022

Maple Street Biscuit Co. adding locations with caution

Maple Street Biscuit Co. opened three new restaurants during parent company Cracker Barrel Old Country Store Inc.’s first quarter. However, Cracker Barrel CEO Sandra Cochran is expressing caution about the pace of expansion for the chain that started in Jacksonville. The two new restaurants in Texas and in Georgia bring Maple Street to 54 locations in nine states, with the

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Featured image for “Who might buy Winn-Dixie’s parent company?”
December 2, 2022

Who might buy Winn-Dixie’s parent company?

From the day Southeastern Grocers Inc. emerged out of Chapter 11 bankruptcy in 2018, a sale of the Jacksonville-based supermarket company seemed inevitable. The operator of the Winn-Dixie, Harveys and Fresco y Más chains has been owned by a group of investment funds, which received stock in exchange for unsecured debt in the bankruptcy reorganization. Those firms led by Fidelity

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Featured image for “TIAA Bank will be sold and renamed”
November 3, 2022

TIAA Bank will be sold and renamed

TIAA announced Thursday that it is selling its Jacksonville-based bank to a group of investment funds to focus on its retirement and asset management businesses. The company said TIAA Bank will remain headquartered in Jacksonville and operate under a new name, which will be announced when the deal closes. TIAA’s bank has been headquartered in Jacksonville since it acquired EverBank

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Featured image for “How Jacksonville faded as a banking headquarters”
October 25, 2022

How Jacksonville faded as a banking headquarters

Jacksonville was known as the banking headquarters of Florida for much of the 20th century, with three major bank headquarters Downtown. According to the Federal Deposit Insurance Corp.’s database, there have been 72 banks with a main office in Jacksonville. But since 1978, 70 of those “main” offices have closed. The only remaining banks headquartered in Jacksonville are TIAA and

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Featured image for “TV station buyout faces resistance over Jacksonville”
October 13, 2022

TV station buyout faces resistance over Jacksonville

Tegna Inc. is facing potential opposition from high-level government officials, while its effect on the Jacksonville market has raised concerns from other parties. Hedge fund Standard General L.P. agreed in February to buy Tegna Inc., operator of 64 U.S. television stations, including WTLV TV-12 and WJXX TV-25 in Jacksonville. The deal includes an investment by funds managed by Apollo Global

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