Buchanan Realty Group CLICK HERE located in Hamilton Hills Shopping Center, 621 Old Hickory Blvd., sponsors Strictly Business, a weekly column that takes a look at a few of this week’s business highlights.
The Buchanan Realty Group – (731) 300-3071 – provides commercial real estate services throughout Tennessee. The group specializes in leasing, tenant representation, investment sales and acquisition – concentrating on retail, hospitality, c-store, medical, industrial and multi-family sectors.
Humboldt’s Jones Family of Companies expands with addition of Rontex America
HUMBOLDT, TENNESSEE – Jones Family of Companies, Inc., a leader in sustainable nonwovens products across a broad range of industries, announced the acquisition of Rontex America, LLC, Friday.
According to a press release from Kayla Taylor, Director of Marketing Strategy – Younger Associates – this acquisition is the latest strategic initiative for the Jones Family of Companies as it concentrates on strengthening its presence and capabilities in its core nonwovens markets, including sleep products, packaging, acoustics, building materials and floor products, while expanding into other key engineered and technical performance nonwovens sectors.
“Rontex’s expertise and experience in engineered nonwovens will be a powerful addition to our family of companies and bolster our aspirations to drive long-term growth,” said CP Davis, President and CEO of the Jones Family of Companies. Davis adds, “We are very proud to have Rontex join our family.
“Rontex has a strong history and reputation for quality, customer service and innovation. This move further enables Jones to deliver comprehensive non-woven solutions designed to improve comfort, protection, and sustainability.”
Brooks Shaw’s Old Country Store gift card program supports Essential Workers
JACKSON, Tennessee — Brooks Shaw’s Old Country Store is seeking community partners to help provide meals for West Tennessee’s essential workers and their families through its new program — Feeding the Need of Essential Workers in West Tennessee.
Individuals and organizations may partner by purchasing gift cards from now until the end of the year. A $15 card may be used toward breakfast, lunch or dinner for an essential worker. Cards will be honored at the Old Country Store’s Southern buffet or Dixie Café takeout.
“We want to partner with people who are looking for a way to show our essential workers gratitude for the sacrifices they have made during the COVID-19 pandemic,” Clark Shaw, president and CEO, said. “Additionally, we are offering a discount for those who purchase gift cards in bulk.”
Old Country Store’s discount rates for those businesses or individuals who purchase gift cards in bulk are:
15% off — $1,000 to $9,999 and
20% off — $10,000 or more
Beer Board issues Cracker Barrel permit during monthly meeting
Cracker Barrel Old Country Store, 188 Vann Drive, was approved for a request to sell, store and serve beer on the premises by the Jackson Beer Board during its monthly meeting at the City Council Conference Room at City Hall, Tuesday.
Owner of Old Hickory Mall files bankruptcy
The owner of the Old Hickory Mall – Chattanooga-based CBL Properties – has announced it has filed for bankruptcy protection on Monday.
CBL Properties, which also owns CoolSprings Galleria and CoolSprings Crossing in Franklin, among many other shopping centers around the country, made the announcement Monday along with another shopping mall operator, Pennsylvania Real Estate Investment Trust.
CBL and PREIT both claimed in their filings that the COVID-19 pandemic was the cause of financial difficulties for their companies and that the pandemic forced tenants to permanently close stores or not pay rent.
Both companies, who filed separately and are owned and operated independently of each other, plan to keep their mall properties open during the duration of the bankruptcy process.
Even before the virus, malls have struggled to attract shoppers who are increasingly shopping online or elsewhere. But the pandemic has forced malls to temporarily close for months.
CBL operates 107 malls across the country.
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(BUCHANAN REALTY GROUP CLICK HERE sponsors Strictly Business)
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