In The News by Herky Pollock

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NEWSLETTER by herky pollock | NOVEMBER 7, 2023
In The News
CBRE
WARREN BUFFETT'S TRUSTED LIEUTENANT CHARLIE MUNGER ECSTATIC OVER $6 BILLION INVESTMENT IN JAPAN: 'LIKE HAVING GOD OPENING A CHEST AND JUST POURING MONEY INTO IT'
Berkshire Hathaway's $6.25 billion investment in the Japanese market was about as close as any business deal can get to a once-in-a-lifetime opportunity.

By Paolo Confino | Yahoo! Finance | November 1, 2023 | Article
LIFE TIME STOCK PLUMMETS AS COMPANY SPENDS MORE ON PREMIUM FITNESS EXPERIENCE
Life Time Group shares plummeted 15% Wednesday after the company's third-quarter results revealed higher spending to boost the premium member experience.

By Brandon Gomez | CNBC | October 25, 2023 | Article
STARBUCKS TO OPEN 17,000 LOCATIONS BY 2030; CUTS $3 BILLION IN COSTS
Starbucks Corp. unveiled an ambitious strategy for long-term growth that includes growing to a total of 55,000 locations by 2023.

By Marianne Wilson | Chain Store Age | November 3, 2023 | Article
HERE'S WHAT MARK CUBAN WOULD DO WITH JUST A PHONE AND $500 IN CASH: 'THAT IS THE BEST QUESTION I HAVE EVER BEEN ASKED'
If Mark Cuban needed to rebuild his fortune from scratch in six months, starting with just a phone and $500 in cash, he knows exactly what he'd do.

By Tom Huddleston, Jr. | CNBC | November 3, 2023 | Article
SWEETGREEN IS STILL NOT PROFITABLE. WHY?
The fast-casual restaurant brand is focusing on new models as it strives to break even.

By Holly Petre | Nation's Restaurant News | November 3, 2023 | Article
CHICK-FIL-A HITS 3,000TH RESTAURANT MILESTONE
Chick-fil-A will open its 3,000th restaurant Nov. 9 in the historic RedBird neighborhood of Dallas, Texas.

By Alicia Kelso | Nation's Restaurant News | November 3, 2023 | Article
PANERA BRANDS IS LAYING OFF 17% OF ITS CORPORATE STAFF AS THE COMPANY PREPARES FOR AN IPO
Panera Brands will be laying off approximately 300 of its corporate staff as the company plans to slim down before going public.

By Joanna Fantozzi | Nation's Restaurant News | November 1, 2023 | Article
WEWORK FILES CHAPTER 11 BANKRUPTCY
WeWork, the Softbank Group-backed office share company, filed for Chapter 11 bankruptcy protection in New Jersey federal court on Monday.

By Joe Palmisano | Connect Money | November 6, 2023 | Article
NRF FORECASTS 3% - 4% JUMP IN HOLIDAY SPENDING THIS YEAR
Despite headwinds, consumers show "strength and resilience" going into peak season, NRF CEO says.

By Alex Vuocolo | Retail Brew | November 3, 2023 | Article
For more information, please contact:
Herky
Pollock
Executive Vice President
Northeast Director Retailer Services Group
+1 412 394 9840
herky.pollock@cbre.com
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