by Denver Business Journal | Dec 7, 2018 | Uncategorized | Story LinkOne of the world’s biggest tobacco companies is bullish on bud.
Altria, parent company of New York-based Philip Morris (NYSE: PM) and maker of Marlboro cigarettes, invested $2.4 billion into a Toronto medical and recreational marijuana company.
The deal gives Altria (NYSE: MO) a 45 percent stake in Cronos Group.
Cronos (NASDAQ: CRON) said Friday that the Richmond, Virginia, tobacco company will pay another $1.4 billion for warrants that, if exercised, would give Altria a 55 percent majority…
by Denver Business Journal | Dec 7, 2018 | Uncategorized | Story LinkUnited Airlines is doubling down on efforts to identify and report suspected cases of human trafficking.
The Chicago-based carrier on Friday announced a new partnership with the United States Department of Homeland Security (DHS) and that department's so-called "Blue Campaign,” the name for DHS’s effort to combat human trafficking.
Noted Trent Frazier, executive director of DHS campaigns: “United has a robust human trafficking awareness training program and will be a leader in the airline…
by Denver Business Journal | Dec 7, 2018 | Uncategorized | Story LinkDenver Business Journal honored the metro area's Most Admired CEOs at a November event at the Denver Marriott Tech Center. These are the videos shown at the event.
Click here to read the Most Admired CEO Special Report.
The videos, produced by Fireside Production, include insights from the CEOs on the executive role, challenges and workforce trends. There's also a message from the event's sponsor.
>Click the video above to see the power statement, click the videos below to view the rest.
by Denver Business Journal | Dec 7, 2018 | Uncategorized | Story LinkBroomfield-based Vail Resorts Inc. (NYSE: MTN) has plans to invest approximately $175 to $180 million across its network of 18 resorts in time for ski season 2019-20.
This move brings the company's total investments in "guest experience" at properties to more than $1.2 billion over the last decade, the ski resort giant says. Approximately $150 million was invested in improvements for the current season.
Skiers and snowboarders can expect improved ticket-buying experiences at North American…
by Denver Business Journal | Dec 7, 2018 | Uncategorized | Story LinkThe robots – which could be flying drones, autonomous cars or dog-like automatons – could access your home or office using a digital key.
by Denver Business Journal | Dec 7, 2018 | Uncategorized | Story LinkSears Holdings Corp. is trimming its revenue forecasts for the holiday selling season and for the next two months, according to a report.
Bloomberg reported that Sears trimmed its original revenue forecasts made after it declared bankruptcy on Oct. 15 of $241 million for the week of Christmas and $1.93 billion for the two months ending Jan. 12 to $215 million the week of Christmas and $1.69 billion for the entire two months, which is a shortfall of $240 million, or about 12.5 percent.
by Denver Business Journal | Dec 7, 2018 | Uncategorized | Story LinkUnited Airlines wound up on the wrong end of the official results in the November on-time arrivals derby.
According to the numbers just released by airline data behemoth OAG, United finished in fourth and last place among the four largest domestic carriers with 76.7 percent of flights arriving on time last month.
The United States Department of Transportation considers a flight to have arrived on time if it reaches the gate within 14 minutes of its scheduled arrival time.
by Denver Business Journal | Dec 7, 2018 | Uncategorized | Story LinkNaming a company, particularly one combining multiple established brands, is no easy task. A branding expert weighs in on VF executives' strategic considerations in arriving at Kontoor Brands.
by Denver Business Journal | Dec 6, 2018 | Uncategorized | Story LinkApparel giant VF Corp. (NYSE: VFC) announced that Kontoor Brands Inc. will be the name of the independent, publicly-traded company that will result from the separation of VF's jeanswear division.
The separation is expected to be completed in the first half of 2019, and the new company will house the Wrangler, Lee and Rock & Republic brands, as well as the VF Outlet business. The jeans division accounted for $2.66 billion of VF's total 2017 revenue of $11.8 billion.
Scott Baxter, head of the…
by Denver Business Journal | Dec 6, 2018 | Uncategorized | Story Link“If we get it right, the region will do well. If we don't move with intentionality, we'll miss the window,” one blockchain company founder says.
by Denver Business Journal | Dec 6, 2018 | Uncategorized | Story LinkIt’s safe to assume that Santa Claus and his reindeer are big fans of Colorado.
The Centennial State, after all, bought the seventh highest amount of milk, cookies and carrots the week before Christmas.
That’s according to Ibotta, the shopping app that offers cash back on purchases at grocery stores and other retailers. The Denver-based app maker analyzed three years worth of consumer purchases of milk, cookies and carrots, in addition to things like candy canes and egg nog, to figure out which…
by Denver Business Journal | Dec 5, 2018 | Uncategorized | Story LinkThe new hire suggests that Amazon is moving ahead with rumored plans to eliminate middlemen driving up health insurance and prescription drug cost.
by Denver Business Journal | Dec 5, 2018 | Uncategorized | Story LinkDenver's sizzling culinary scene just got another ringing endorsement, this time from OpenTable's verified diners who determined the restaurant reservation service's 100 Best Restaurants in America for 2018.
Matsuhisa Denver — the high-end Cherry Creek sushi and Japanese restaurant started by the renowned and eponymous chef Nobuyuki Matsuhisa — made the list, which isn't ranked, scoring a "91 percent recommended" score.
The list was aggregated based on an analysis of more than 12 million…
by Denver Business Journal | Dec 5, 2018 | Uncategorized | Story LinkUCHealth has named its next CEO of University of Colorado Hospital to replace Will Cook, who’s taking a similar job in Vail.
Christopher Gessner was named president and CEO of the hospital on the Anschutz Medical Campus. Gessner will also have oversight for UCHealth’s other facilities in Metro Denver, including Broomfield Hospital, Highlands Ranch Hospital and numerous outpatient locations. He’s slated to begin the position in late February.
Last month, Vail Health hired Will Cook as its…
by Denver Business Journal | Dec 5, 2018 | Uncategorized | Story LinkThe Jefferson County-based company built a full-scale model of its proposed lunar base habitat at its site on Cape Canaveral, Florida, and NASA can start reviewing it in person early next year.
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@mitchellbyars Worst parking lot "upgrade" ever in #Boulder..the Trader Joke's paving that took out trees and added unnecessary concrete islands. Doubtless to eliminate McDonald's scruffy handyman truck-'n-trailer regulars contingent. Snooty twerps.