A discount appliance chain will soon open its first location in the metro-east.
Appliance Discounters, a family-owned discount, factory-direct appliance retailer, based in Webster Groves, Missouri, has signed a lease on a 10,355 square-foot space at 6104 N. Illinois St., in the same plaza that also houses The Bedroom Store and Cherry Berry Yogurt.
Tim Johnston, vice president of NAI Desco in O’Fallon, said the new store is anticipated to open sometime this fall. The chain also has stores across the river in Webster Groves, Missouri; Arnold, Missouri; St. Charles, Missouri, and Ballwin, Missouri.
Campbell Soup has announced that it has purchased Garden Fresh Gourmet, a refrigerated salsa business, for $231 million. Read more here.
General Electric will sell its private equity business for $12 billion. Find out more here.
Hewlett-Packard will pay $100 million to settle a class-action lawsuit connected with its acquisition of software maker Autonomy. Learn more here.
-Will Buss, BND business writer