Boston-based Aria Partners, which owns 4 percent of the struggling Plymouth-based women's clothing retailer, has agreed to buy the company for $1.75 per share. Christopher & Banks “immediately dismissed” an offer Aria made last month.
Trails reopen as waters subside, but bridges damaged at Tettegouche State Park
Water levels on the river have dropped about six to eight feet since Friday.
Body pulled from Mississippi River ID'd as missing Elk River man
Keith Harvell had been missing since early last month.
2 victims identified in double-fatal north Minneapolis shooting
A 21-year-old man and a 51-year-old man were identified as the people who died at the scene this past weekend.
Former Proctor HS football player pleads guilty to sexual assault of teammate
The case will also remain in juvenile court, with conditions.
Lineup for returning Canterbury Park Concert Series revealed
Tickets go on sale Friday.
Doug Wardlow reneges on promise, will challenge GOP's AG candidate in primary
Wardlow's announcement sparked swift criticism from the MN GOP and the party-endorsed candidate, Jim Schultz.
US News '150 Best Places to Live' features 1 from MN, 3 from WI
The latest US News list is for the most populous metro areas only, so no small towns.
7 tornadoes touched down last week in western MN, ND
Two of the seven were EF-2 level tornadoes, according to the National Weather Service.
Floodwaters sweep through restaurant in Waite Park
The Sauk River crested on Monday.
City of Minneapolis, Jaleel Stallings reach $1.5M settlement
Although a settlement was made, the city will not admit fault or take any responsibility for the incident as part of the agreement with Stallings.
Christopher & Banks rejects buyout
Aria Partners last Tuesday offered to buy Christopher & Banks for $1.75 per share, 51 percent more than the Plymouth-based company's stock closing price. The company rejected the deal Friday, suggesting that the "proposal does not reflect the full, long-term value stockholders are expected to receive from continued focus on the current strategy."
Christopher & Banks hires new CEO
Christopher & Banks has named veteran retail executive LuAnn Via to be its new president and chief executive officer, the Pioneer Press reports. Via was most recently the CEO of Payless Shoes. She will start her new role with the women's apparel company on Nov. 26. Via replaces Joel Waller, who took over when Larry Barenbaum left the struggling Plymouth-based retailer in February.
Christopher & Banks considers selling or bankruptcy as sales struggle
The Plymouth-based women's retailer hasn't seen sales recover amid the pandemic.
The Tile Shop to go public after merger with acquisition firm
Plymouth-based The Tile Shop, retailer of manufactured and natural stone tiles, intends to start trading on the Nasdaq Stock Market after it merges with Boston-based JWC Acquisition Corporation.
Christopher & Banks closing 100 stores, 2 in Minnesota
The company says it will be closing its Albert Lea and merging its two locations in Roseville into one. Weak sales forced the women's clothing retailer to cut about 20 percent of its staff earlier this month.
Investment firms want 3M, Target to stop political contributions
Two Boston-based investment firms are urging a pair of Minnesota business giants to stop contributing to political campaigns. Their shareholder resolutions note potential fallout from controversial donations.
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