Greg Andrews
IBJ News
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Past articles by Greg:
Meat-smoking firm Smoking Goose plans $625,000 investment to fund national expansion
The nine-year-old Indianapolis company, which already employs more than 50 workers, said it plans to add up to 25 more by the end of 2024. → Read More
Mall giant Simon chops corporate staff as COVID-19 wreaks havoc
The company is cutting more than 100 employees and furloughing others as it weathers the temporary shutdown of much of the retail industry. → Read More
Simon, partners bid $81 million for bankrupt Forever 21 chain
The deal is the latest evidence of Simon’s willingness to step into an ownership role to rescue mall chains that overexpanded and made other blunders as the internet roiled the fashion-retailing industry. → Read More
Celadon files bankruptcy, says it is ceasing operations
CEO Paul Svindland said challenges in the trucking industry, along with fallout from what prosecutors allege was a massive accounting fraud engineered by prior management, proved impossible to overcome. → Read More
Indianapolis property manager arrested, accused of multimillion-dollar Ponzi scheme
Bert Whalen and his Oceanpointe Property Management used fake leases to dupe investors into buying run-down rental properties in Indianapolis, according to an indictment made public Friday. No charges have been disclosed against his partner, former "Fox and Friends Weekend” host Clayton Morris. → Read More
KAR to spend $3.75M to open downtown Indy HQ for software unit
TradeRev, whose software facilitates dealer-to-dealer auto auctions, plans to add 200 workers by 2023. → Read More
After years of pruning, Emmis ready for reinvention
CEO Jeff Smulyan says he still loves radio, but the 72-year-old pines to own businesses that have real growth potential, rather than fighting over nickels and dimes in a stagnant industry. → Read More
A hard-to-digest reality: Steak n Shake might not make it
The outlook is that bad for Steak n Shake, which in the first quarter racked up an $18.9 million operating loss. That’s on top of a $10.7 million loss for all of 2018. → Read More
Elanco agrees to buy pet-drug developer for $234 million
Kansas-based Aratana Therapeutics has three treatments approved by the U.S. Food and Drug Administration and is working on drugs for a range of disease fields, including cancer. → Read More
Biglari says Steak n Shake turnaround to start with speedy service
What's wrong with Steak n Shake? Sardar Biglari says a key problem is a failure to upgrade kitchen equipment and design, leaving the chain with “high-cost, labor intensive, slow service.” → Read More
Decimation of daily newspapers sets stage for potential Star sale
All newspaper companies have cut costs as they struggle with the decline in what had been their cash cow—print advertising—and simultaneously scratch and claw for digital advertising. → Read More
In an era of TV merger mania, WTHR still standing pat
The frenzy of deal-making inevitably leads to speculation about the future of WTHR-TV Channel 13—which, incredibly, has been under the ownership of the same family—the Wolfes of Columbus, Ohio—since 1975. → Read More
Indianapolis event-software firm plans to hire more than 100 workers
Socio is just two years old but already has hundreds of clients across six continents, including Google, Microsoft, PepsiCo and Hyundai. → Read More
Rethink 65/70 coalition not fully satisfied with state's latest rebuild plan
The group says the revised plan for the north-split interchange falls short on increasing connectivity between neighborhoods separated by the interstates, and boosting economic development opportunities. → Read More
The case for (and against) investing in Elanco Animal Health
Investors hope Greenfield-based Elanco—the No. 4 animal health company in the world—will be the next Zoetis, the former animal-health division of Pfizer, which has nearly tripled in value since going public in 2013. → Read More
SEC’s $300,000 ITT settlement leaves trail of questions
The modest settlements might suggest the SEC concluded its case wasn't that strong or that it would be difficult to explain to a jury. → Read More
Biglari says higher prices wouldn’t fix Steak n Shake, but not everyone agrees
A franchisee says Sardar Biglari's devotion to low prices is taking a toll on the customer experience at Steak n Shake. → Read More
United Kingdom retailer buying Finish Line for $558M
The purchaser is not Sports Direct International, a United Kingdom-based firm that began buying up Finish Line shares last year, but rather its top rival, JD Sports. → Read More
Noble Roman’s new tack: a back-to-future strategy
If Noble Roman’s Craft Pizza & Pub takes off, the company might franchise dozens of restaurants across the state. → Read More
Insurer's top 3 execs 'retire' amid dispute with board leader
Three top executives of Baldwin & Lyons Inc.—who spent a combined 124 years with the Carmel-based trucking insurer—have suddenly "retired" after clashing for months with the board's executive chairman. → Read More