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Retail | Wholesale | Food | Beverage 2023: WILLIAM G. ‘BILL’ CRUTCHFIELD JR.
At age 15, Crutchfield founded what would eventually become his electronics retail business by installing hi-fi sound systems in Charlottesville-area homes. Today, his privately held corporation has 750 employees in Virginia and brought in $460 million in revenues in 2022. After launching his first mail-order catalog in 1974, Crutchfield grew the business into a major […]
Retail | Wholesale | Food | Beverage 2023: SHANE SMITH
Smith became CEO of Smithfield Foods in 2021, just as Smithfield, the world’s largest pork product manufacturer and hog producer, said it would end slaughter operations in its hometown of Smithfield, the country’s self-proclaimed “ham capital.” Now, Smith is trying to navigate tricky financial waters as conservative politicians have been talking tough about Chinese holdings [&hel[...]
Retail | Wholesale | Food | Beverage 2023: STEVE PRESLEY
Presley is now in his second year of leading the Swiss food producer’s North American zone and sitting on the company’s executive board. Prior to Nestlé’s 2022 reorganization, he was head of its U.S. division and oversaw the sale of Nestlé’s confections business and the acquisitions of Starbucks’ packaged goods business and Essentia water. In […]
Retail | Wholesale | Food | Beverage 2023: RICK DREILING
It’s been a wild ride at the discount retailer this past year, with a shakeup in Dollar Tree’s C-suite toppling much of its top brass. Mike Witynski, who had held leadership roles at Dollar Tree since 2010 and was CEO of the Fortune 500 discount retailer since 2020, left in January. He played a key […]
Lidl US chief to leave, reports say
Updated Aug. 7, 2023 The president and CEO of Lidl US, the Arlington-based United States branch of the German grocery chain, is set to leave the post at the end of August, according to reports in German and U.S. trade publications citing an internal memo. Michal Lagunionek, Lidl’s U.S. president and CEO since 2021, will […]
Plans revealed for second Buc-ee’s Va. location
Buc-ee’s appears to be planning its second Virginia location, this time along Interstate 81 in Rockingham County near Mt. Crawford. According to a post on the county’s Facebook page, Buc-ee’s, the Texas-sized travel center chain, has applied for a special use permit for review and approval of a proposed sign plan. The Texas-based retailer is […]
Five Guys moving HQ to Alexandria
Five Guys Enterprises LLC is moving its corporate headquarters from southern Fairfax County to Alexandria this month, a spokesperson confirmed Friday. The new main office for the family-owned hamburger chain will be in leased space at 1940 Duke St., starting July 17. Friday was the company’s last day at its Lorton headquarters at 10718 Richmond […]
Buc-ee’s to open in New Kent by 2025
It’s official. Buc-ee’s, the Texas-size travel center chain, completed its purchase of property in New Kent County and will open its first Virginia location in the next two years, with three more slated across the state, S.L. Nusbaum Realty Co. said in a news release. A groundbreaking date for the New Kent site has not […]
Norfolk eyes $18M purchase of MacArthur Center mall
Read update: Norfolk City Council votes to buy mall Norfolk City Council will discuss acquiring the struggling downtown MacArthur Center mall for $18 million during a special meeting Wednesday. MacArthur Center is owned by Wells Fargo & Co., which holds the mall following a loan default by the mall’s previous owner, Connecticut-based Starwood Property Trust. […]
Amazon begins HQ2 move-in
Amazon.com Inc. is moving more than 8,000 employees into the first phase of HQ2, its $2.5 billion East Coast headquarters in Arlington’s emerging National Landing area, this week. The e-tailer plans to officially open HQ2’s first phase, Metropolitan Park (Met Park), in June and to complete its move-in by the end of the summer. However, […]
Two retail, office buildings in Chesapeake sell for $3.1M
Two buildings with retail and coworking spaces on South Military Highway in Chesapeake have sold for $3.1 million, Cushman & Wakefield | Thalhimer announced Monday. The 38,800-square-foot and 10,000-square-foot buildings sit on 4.7 acres at 2211 S. Military Highway. The property’s 31 tenants include Amazon.com Inc., FedEx Corp., U-Haul and Laundry Land. Advisory Investments LLC […[...]
Charlottesville car dealerships acquired
Flow Automotive Cos. has completed its acquisition of five Umansky Automotive Group dealerships in Charlottesville, the company announced April 18. Terms of the deal were not disclosed. Flow’s acquisition includes locations selling Honda, Toyota, Subaru, Mercedes-Benz, Chrysler, Dodge, Jeep and Ram automotive brands, according to a news release. Flow currently has dealerships representing Au[...]
