Swensons eyes Columbus site
The Galley Boy could be heading to Ohio’s capital, the Columbus Dispatch reported Monday.
The double-hamburger patty with two secret sauces and other staples of Akron’s 75-year-old Swensons drive-in chain would make their first foray beyond Northeast Ohio under a proposal to open a location at 7490 Sawmill Road along the Columbus-Dublin boundary.
It might not be the only one planned for central Ohio.
A company called MG Rome Hilliard LLC bought the Columbus parcel for $1.2 million in May, and a second parcel in Westerville for $700,000 in June.
Swensons did not respond to requests for comment.
The Columbus Zoning Committee will review the application for the Sawmill Road store on Monday.
Consumers to open branch
Minerva-based Consumers National Bank on Monday said it would be opening a new full-service bank branch at 3680 Embassy Parkway in Fairlawn.
It marks the bank’s first full-service branch in Summit County and the 14th branch office in its network. Consumers National Bank anticipates that banking operations at the new Fairlawn office will begin in the summer of 2018.
The bank will also house commercial lenders and will have mortgage and consumer lending capabilities. A drive-up ATM is also planned.
Lamborghini unveils SUV
With the sport utility vehicle market growing by leaps and bounds, another maker of luxury, high-performance cars is hoping to grab a share of those profits.
Lamborghini unveiled the once-improbable Urus SUV on Monday at its headquarters in Sant’Agata, Italy, where the supercar maker owned by the Volkswagen group is expanding the factory to meet utility vehicle demand.
The Urus enters a luxury field crowded with the Mercedes G-Class, the Bentley Bentayga and the trailblazing Porsche Cayenne — and soon to be joined by Aston Martin, Rolls Royce and in all probability, Ferrari.
The 32 Lamborghini dealers in the United States already have orders ranging from 10 to 25, Giunta said. In the United States, the Urus starts at $200,000.
Va. bank president named
The Federal Reserve’s Richmond regional bank announced on Monday that Thomas Barkin, a senior executive at global management consulting firm McKinsey & Co., will be the bank’s next president.
He will succeed Jeffrey Lacker, who resigned as the bank’s president in April after revealing his involvement in a leak of confidential information in 2012 that had triggered congressional and FBI investigations.
Barkin, 56, who will take over at the Richmond bank Jan. 1, will be a voting member next year of the Federal Open Market Committee, the panel of Fed board members and regional bank presidents, who set interest-rate policies for the central bank.
GNC cancels senior note sale
GNC Holdings Inc. canceled a sale of senior notes and its plans to borrow more as it considers other options to raise funds.
The Pittsburgh-based nutritional supplements company retained Goldman Sachs as its strategic adviser. The company did not specify its options, though a potential sale is usually part of a strategic alternatives search.
The shift comes several months after former Rite Aid CEO Ken Martindale took the leadership post at GNC. The company had been undergoing a strategic review process. It has been facing stiffer competition as more retailers enter the market for health and wellness products.
GNC operates about 9,000 locations worldwide, including roughly 6,800 stores and franchise shops in the United States.
Compiled from staff and wire reports.
Business news briefs, Dec. 5: Swensons closer to first Columbus-area location