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Wolverine World Wide Inc. plans to close some 140 retail locations as part of a strategic realignment plan aimed at reacting to shifts in consumer shopping behavior, the company announced today.

HopCat – Ann Arbor will have more than 300 seats and feature up to 100 craft beers on tap and employ 140 people. The expansion represents a $2 million investment and will become the fifth location for BarFly Ventures, founded in 2008 in downtown Grand Rapids. 

The deal for a 66.8 percent stake in Fineldo SpA.’s Indesit Co. would give the Benton Harbor-based Whirlpool (NYSE: WHR) a larger presence in the European appliance market.

Grand Rapids' new NBA Development League basketball team, the Grand Rapids Drive, have announced that its retail store will be located in the Shops at Monroe Center and Division (MoDiv).

Diplomat Pharmacy Inc., the four-largest special pharmacy in the U.S., plans to use the proceeds from the IPO to repay debt and for working capital and “other general corporate purposes,” according to a July 2 filing with the U.S. Securities and Exchange Commission.

Grand Rapids-based Schuler Books Inc. plans to acquire Nicola’s Books, a 9,800-square-foot independent bookstore in the Westgate Shopping Center in Ann Arbor, according to a statement.

Kalamazoo-based medical device manufacturer Stryker Corp. (NYSE: SYK) said it has signed a definitive agreement to acquire the assets of the privately held Morrisville, Penn.-based Small Bone Innovations Inc., according to a statement.

Presented by the Grand Rapids Area Chamber of Commerce, the award honors individuals who have made contributions in the community to give leadership, mentorship and opportunities to women.

A division of Boulder, Colo.-based Hill Hotel Group LLC has acquired the Holiday Inn at Kalamazoo West from Greenleaf Hospitality Group, according to a statement.

The supply chain and logistics firm — a subsidiary of Penske Truck Leasing — will be processing freight for Ford’s assembly, powertrain, stamping, service parts and reverse logistics operations, according to a release.

Steelcase Inc. today reported quarterly sales of $723.1 million, an 8.4 percent increase over the $667.1 million from a year earlier.

Sales up 6 percent for Herman Miller

Written by | Wednesday, 25 June 2014 16:35 |

The Zeeland-based Herman Miller (Nasdaq: MLHR) this afternoon reported sales of $487.5 million for the fourth quarter that end May 31. That compares with $460.0 million in the same period a year earlier.

Detroit-based car dealership group The Suburban Collection has acquired Cadillac stores in Lansing and Plymouth, according to a report in Crain’s Detroit Business.

 

Rec Boat Holdings LLC of Cadillac has been acquired by Bénéteau Group, a French sailboat and motor boat manufacturer, according to a statement.

Michigan State University has selected three public-private development partnerships that will submit proposals for developing a biomedical research center in downtown Grand Rapids.

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