Starbucks Purchases Tea Company Teavana

In an effort to exert further its presence as the only place to drink, Starbucks announced plans this morning to purchase the tea company Teavana.  Teavana is a local and online presence that shows people the wonders of herbal teas.  After their initial start in Atlanta, Georgia, Teavana has expanded to over 250 stores in […]

New York Company Expanding in the Illinois Area

A recent story in the Chicago Tribune stated that Focus Financial Partners LLC bought the independent investment advisory firm Vestor Capital Partners on October 1. This is Focus Financial’s fifth transaction this year. The acquisition brought over $500 million in client assets for the company, which now has more than $52 billion in assets. “Over […]

Chicago Sun-Times Purchases Chicago Reader

The Chicago Tribune reported recently that Wrapports, owner of the Chicago Sun-Times, has acquired the Chicago Reader, a deal which includes chicagoreader.com and straightdope.com, from New York-based hedge fund Atalaya Capital Management. While the terms of the business deal were not specifically disclosed, sources estimate that the purchase price was around $3 million. As some […]