Morning 10

Friday, October 25, 2024

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1. After making a splash in luxury chocolate, Vosges' founder preps her next act

Having sold Vosges Haut-Chocolat's assets to an outside investor, Katrina Markoff walked away and now is set to launch a label she bills as even more high-end than her first: Violet Flame.

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2. True Value weighs laying off almost half its workforce as company seeks sale

The retailer warns it could cut 900 employees in Illinois could if a sale is not finalized, the Chicago Tribune reports.

3. New Chicago school board members swear themselves in

All eyes were on the new board to see if it might take action to remove the CPS CEO amid an increasingly public clash between the schools chief and Mayor Brandon Johnson.

4. South Loop Rush facility sells for $22 million

The lender that seized a South Loop apartment tower in April has sold off the medical office portion of the property to a California private-equity firm.

5. Latest sale at Tribune Tower shows rocky road to condos for Michigan Avenue landmark

The condo, sold yesterday, went for about $2.5 million less than the developers originally wanted for it, one of several indications that the landmark building didn't go easily to condos.

6. Northwestern establishes Alzheimer's research hub with $25M gift from Mills family members

With a donation from one of Chicago's wealthiest dynasties, work at the center will focus on creating a suite of AI tools that allow neuroscientists to interrogate the genes and cells affected by the disease.

7. Doc groups target alleged center of insurers' price-fixing 'cartel' in lawsuit

The American Medical Association and Illinois State Medical Society are accusing a data analytics agency of undercutting physicians for out-of-network services.

8. Fresh off private-equity investment, Grant Thornton joins U.S. and Ireland operations

The deal is the professional services firm's first acquisition since receiving an investment from private equity’s New Mountain Capital earlier this year.