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Found 7 results

  1. By Andrew Weiland , of SBT Published September 14, 2007 Milwaukee-based developer Steve Stewart and restaurateur Jay Supple, chief executive officer of Oshkosh-based Supple Restaurant Group, plan to introduce America to the Montreal Bread Co. restaurant chain. They plan to open the first Montreal Bread Co. location in the United States in the River Renaissance development, a seven-story, 82-unit condominium building under construction southeast of Water and Erie streets in Milwaukee’s Historic Third Ward. Stewart, president of New Vision Development Co., is a partner in the River Renaissance project, which will be complete in November. During the next 10 years, Stewart and Supple plan to open and sell franchises for an additional 50 to 100 Montreal Bread locations across the United States. They will be master franchisors for Montreal Bread in their territory, which so far includes Wisconsin, Illinois and Minnesota. That means they will be able to open or sell franchises for Montreal Bread locations in those states. In addition, Stewart and Supple are negotiating with Montreal Bread to add more states to their territory. “We want to be the master franchisor for the entire U.S.,” Stewart said. Montreal Bread Co. is a chain of European style cafes. Its menu includes sandwiches, soup, salads, desserts, pizza, cheese platters, fruit platters, vegetable platters and retail bread and wine. “It’s an upscale café,” Supple said. “It’s another level above Panera Bread and Atlanta Bread Co. It’s kind of a meet-and-greet place, kind of like Starbucks, but with a much bigger menu. It’s a concept we feel we can take and repeat it throughout the country. That’s what is appealing to us.” Stewart and Supple plan to open six to eight Montreal Bread locations in the Milwaukee area and about 15 total Wisconsin locations during the next 10 years. The concept is flexible and can fit in a 500- to 1,500-square-foot space. “We’re going to have a lot of other Montreal Bread locations throughout Milwaukee, but the locations will be very urban,” Stewart said. The concept will work in suburban locations, but only in high-density communities such as Whitefish Bay in high-traffic areas, Stewart and Supple said. They also plan to do catering and deliveries, so they will be looking for locations near a large number of offices. Rob Weich, chief operating officer of Mequon-based Weich Group Inc., and Alec Karter, a commercial real estate broker with Pewaukee-based Judson & Associates, will help Stewart and Supple find locations and franchisees for Montreal Bread restaurants. “They’ve got some good contacts,” Stewart said. The River Renaissance Montreal Bread location will occupy about 2,800 square feet of space, which will include a 1,500-square-foot training area for franchisees. It will be located on the first floor of the building right at the corner of Water and Erie. The restaurant will also have sidewalk seating for about 40. “This is going to be kind of our model,” Supple said. Supple also plans to open a Fratellos restaurant in an 8,610-square-foot space in River Renaissance, along the Milwaukee River. It will be the fifth location for Fratellos, which has two locations in Appleton, one in Ashwaubenon and one in Oshkosh. Fratellos serves a wide variety of American dishes, including seafood, steaks, sandwiches and pizza. “We try to have something for everybody who comes through the door,” Supple said. Most of the Fratellos locations are located on a waterfront, and the River Renaissance location will feature seating for 100 outside along Milwaukee’s Riverwalk. “The places are beautiful, but you have a menu that is very price sensitive,” Supple said. Supple’s company also owns Wave Bar and Ballroom in Appleton, and he is a franchisee for Golden Corral restaurants in Plover and Oshkosh, a Melting Pot restaurant in Appleton and a Hilton Garden Inn hotel in Oshkosh. “We’re a little bit unique in that we have independent concepts and franchise concepts,” Supple said. The company has been looking to expand into the Milwaukee area, he said. Some in the Milwaukee area are already familiar with Fratellos from taking trips north for Green Bay Packer games or vacations. “This is big for us,” Supple said. “It’s a larger market. We’ve been looking down here for about three years. We love the Third Ward.”
  2. C'est un bon cas d'étude pour les écoles de gestion... via Bloomberg Target Will Abandon Canada After Racking Up Billions in Losses Target Corp. (TGT) will abandon its operations in Canada after less than two years, putting an end to a mismanaged expansion that racked up billions in losses. The Canadian business is seeking court approval to begin liquidation, the Minneapolis-based retailer said today in a statement. The move will lead to a $5.4 billion writedown. This is the first major strategic shift made under Chief Executive Officer Brian Cornell, who took over for Gregg Steinhafel last year. Steinhafel had seen Canada as burgeoning market for Target, the second-largest U.S. discount chain, because so many Canadians already knew the brand and would cross the border to shop at American stores. Fixing the Canada unit, which amassed more than $2 billion in operating losses since 2011, has been a top priority for Cornell. After taking the reins in August, he spent a portion of his early days at the company touring operations in Canada. The woes plaguing the company’s 130 stores there ranged from empty shelves to prices being higher than locations in the U.S. “We were unable to find a realistic scenario that would get Target Canada to profitability until at least 2021,” Cornell said today. “This was a very difficult decision, but it was the right decision for our company.” Target announced its foray into Canada in 2011 with the purchase of 220 locations from Zellers Inc., a subsidiary of Hudson’s Bay Co., for about C$1.8 billion. The deal cemented the chain’s first expansion outside the U.S., where it had about 1,750 stores at the time. Target’s shares have rebounded since taking a hit following a data breach during the 2013 holiday season. The stock had gained 21 percent to $74.33 over the past 12 months through yesterday. To contact the reporter on this story: Matt Townsend in New York at [email protected]
  3. Interesting to see if Air Canada rouge would beat them to the punch. http://www.staradvertiser.com/business/business-breaking/hawaiian-airlines-may-add-more-east-coast-flights-in-2-years/
  4. Under heavy renovation at the moment. They are adding new street-level locations despite 75% availability (only the SAQ remains) and the Stylexchange failure. Will they shake off the cockroach stigma? This next picture shows flooring being put on top of the old bagel place. New Taiwanese place where Grumman used to be
  5. Copier-Coller du Site AppleInsider.com Apple Inc. is finalizing plans for its first Canadian flagship shop, a spacious multi-story retail outlet to be located in the heart of Montreal, a source tells AppleInsider. The Cupertino-based gadget maker is reported to have secured some 9,300 square feet of space along the 1300 block of Rue Ste-Catherine Ouest, where it plans to heavily alter -- but not raze -- an existing structure. According to a set of initial design plans, the company has proposed that the ground floor of the building be raised and that existing column structures on the property be relocated. Plans also call for the building to receive a new roof and stainless steel facade. On the interior, Apple's proposal calls for two stories of retail sales space to be joined by a trademark glass staircases, similar to the one found at its SoHo, New York and Regent Street, London locations. Office space, a back-end stock room, and bathroom facilities will consume a portion of the 9,300 square feet, trimming the retail sales area to approximately 8,000 -- leaving the Montreal location a couple thousand square feet short of Apple's Manhattan-based shops. Although Apple presently operates four retail locations in Canada, none of the stores are designated as flagship locations. Montreal would represent just the 10th high-profile location for Apple, joining its eight existing flagships spread across the U.S., U.K., and Japan, as well as a ninth under development in Manhattan's Meatpacking district. Apple's flagship shops have been strategically placed in the world's most densely populated shopping districts and are conceived as projections of the Apple brand with their architecture and interior design. Each year, the company spends an undisclosed sum on marketing costs for the the high-profile locations, ranging up to $10 million. Unexpected delays withstanding, Apple hopes to begin operating out of the Montreal location during the summer or early fall of next year, according to the source.