Walgreens in talks to sell itself
Walgreens is in talks to sell itself to a private-equity firm in a deal that would take the pharmacy chain off the public market after its shares have been sliding for nearly a decade. Walgreens’s market value reached a peak of over $100 billion in 2015 but has since shrunk to around $8 billion. In October, it was reported that the company, which reported a net loss in fiscal 2023 of $3.1 billion, intends to close 1,200 stores. Today, Walgreens has over 12,000 stores across the US, Latin America and Europe.
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Krispy Kreme suffered a cyber attack in November that impacted portions of its business operations, including placing online orders. According to a message on its site, the company is working to restore online ordering.
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Pizza chain Hungry Howie’s is opening a new location in SC, currently looking for a space in either Summerville or Goose Creek. The brand, which has been around for ~50 years, has over 530 stores in 21 states. In SC, the chain has four active locations in Myrtle Beach, Greenville, and Carolina Forest.
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Multifamily developer Lifestyle Communities announced LC Ingleside, a North Charleston development that will initially feature 451 multifamily apartment homes, complemented by an array of hospitality-focused amenities. The first units are expected to be delivered in September of 2025, with completion of the first phase anticipated by the end of 2026.
New addition to CHS airport
Global hospitality and entertainment company Delaware North has launched Ashley Cooper Provisions at the Charleston International Airport as part of the company’s 10-year contract extension. The 50-seat venue features Charleston-inspired bites and cocktails. Ashley Cooper Provisions replaces and expands on the space where Harvest & Grounds was previously.
Coming soon
The Trader Joe’s shopping center that's connected to Towne Centre will get two new retail stores – discount furniture store Homesense and golf clothing and equipment store Golf Galaxy. Both stores will come online sometime in the first half of 2025. (Post and Courier).
Bearcat restaurant closes
Bearcat has closed after 13 months. Rising costs and mediocre patronage were reasons for the closure of the West Ashley restuarant. "Opening an independent restaurant in 2024 is really hard these days," chef/owner George Kovach told The Post and Courier. "We were just unfortunately slow."
Polestar begins US production of the Polestar 3 LR
Polestar has started US production of the Long range Single motor variant of its flagship SUV, the Polestar 3. The production of Polestar's most affordable ($67,500 vehicle starting price) and longest-range EV is taking place in Polestar’s shared Volvo plant in Charleston.
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Gaming services studio PTW has opened a new location in Charleston, featuring "state-of-the-art amenities designed for next-gen game testing." The Japanese company, which was founded in 1994 and has 8,500+ employees, expects to create hundreds of jobs for the Charleston area over the next few years. PTW offers a variety of services for gaming companies including art production, game development, and quality assurance.
New Italian restaurant coming to Hanahan
Chef Mark Bolchoz plans to open Italian restaurant Cane Pazzo in spring 2025 in Hanahan. Cane pazzo is an Italian phrase that translates to crazy dog.
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