How Roti went bankrupt

Aug 28, 2024, 11:01 AM•crainalerts

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Wednesday, August 28, 2024

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1. How Roti went bankrupt

The fast-casual chain grabbed a lifeline in order to make it through the pandemic. Now it's backfiring.

2. Green Bay Road apartment project clears hurdle — but some Wilmette residents still aren't happy

The proposed Optima Lumina would go up next to a sibling, Optima Verdana, on the site of a Jaguar dealership that closed in 2017.

3. Millennium Bank adds Samir Mayekar to board as it looks to boost minority business lending

The former deputy mayor and head of the University of Chicago's Polsky Center hopes to use his experience with entrepreneurship to boost capitalization for minority-owned businesses.

4. Kroger hiked milk and egg prices above inflation, exec affirms in merger hearing

The top pricing executive for Kroger testified before a judge pondering whether to block the merger of the Mariano's parent company with Albertsons, Jewel-Osco's parent.

5. Another major drug distributor drops AbbVie's Humira

Cigna's pharmacy middleman, citing Humira's steep rise in cost over the years, will switch to its biosimilar competitors.

6. Restaurants' tool to reduce sticker shock: Crain's Daily Gist podcast

Neighborhood restaurant owners are trying a new approach to the wine list to win back diners burned by the rising cost of eating out. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth.

7. Endeavor furthers consolidation with new systemwide leadership jobs

The presidents of Endeavor's north and south regions, respectively — the legacy of NorthShore and Edward-Elmhurst Health — are taking on new roles that span the entire merged health system.

8. Chicago Teachers’ Pension prepares to pull Wamco bond investment

The move by the fund to liquidate its $550 million investment is an early sign of the potential fallout from federal investigations into Western Asset Management.

9. Fed minutes show Chicago, New York chiefs favored a July discount rate cut

It's a possible signal that presidents of those two banks were prepared to support an interest-rate cut last month when policymakers met in Washington.

10. Take a look inside the Big Ten's new high-tech football replay center

The Big Ten Conference is set to become the final big college football conference to formally centralize all replay-referring decisions at one location.

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