Triad

Morgan stepping down as executive chairman of Krispy Kreme

December 18, 2014

(Winston-Salem Journal)

Jim Morgan will remain chairman of Winston-Salem-based Krispy Kreme Doughnuts, though in a non-executive role as of Jan. 29. He was chief executive of the Winston-Salem-based company from January 2008 until June 2014, when Tony Thompson became CEO and president (Statewide, December).

New economic-development agency proposed for Guilford

December 18, 2014

(News & Record, Greensboro)

Officials from Guilford County, High Point and Greensboro are considering establishing a new, countywide economic-development group for recruiting business to the area. Greensboro and High Point currently have separate job-recruiting agencies.

Cone Health reorganizes senior officials

December 17, 2014

(Winston-Salem Journal)

Greensboro-based Cone Health has reorganized its top leadership roles, giving some of its senior officials new titles. Executive Vice President Judy Schanel will become chief operating officer and Chief Medical Officer Mary Jo Cagle will become chief clinical officer.

Shareholder votes on tobacco merger set for Jan. 28

December 15, 2014

(Winston-Salem Journal)

Reynolds American and Lorillard have scheduled shareholder votes on their proposed merger for Jan 28, according to a joint regulatory filing. Winston-Salem-based Reynolds announced in July plans to acquire Greenboro-based rival Lorillard – which owns Newport, the nation's most popular brand of menthol cigarettes – for more than $25 billion ("Buying a brand," August).

High Point's Oak Hollow Mall stuck in transition

December 15, 2014

(News & Record, Greensboro)

Nearly four years after High Point University bought Oak Hollow Mall with plans to house graduate programs there, the mall is still operating as a shopping center, though most of its stores have closed. Dillard's and Sears – two of the mall's five original anchor stores – have not sold their buildings to the university.

Krispy Kreme debuts rewards program

December 12, 2014

(Winston-Salem Journal)

Winston-Salem-based Krispy Kreme Doughnuts launched an app in four of its markets that will allow customers to earn rewards points for free doughnuts, coffee and other items at its retail stores. 
Related: Krispy Kreme earnings report disappointing 

Another grocery store proposed for Friendly site in Greensboro

December 11, 2014

(News & Record, Greensboro)

An Atlanta developer wants to build a shopping center anchored by a grocery store at the corner of Hobbs Road and Friendly Avenue in Greensboro. Earlier this year, a different developer proposed building a Trader Joe's grocery store at the site but was forced to drop its plans after neighbors protested the rezoning.

Reynolds, BAT file requests for lawsuit dismissal

December 11, 2014

(Winston-Salem Journal)

Winston-Salem based Reynolds American and British American Tobacco filed requests this week for the N.C. Business Court to dismiss a lawsuit attempting to block Reynolds' pending acquisition of Greensboro-based Lorillard.

High Point University to receive its own zip code

December 11, 2014

(High Point Enterprise)

Starting in 2015, High Point University will have its own unique zip code. A surge in enrollment in recent years has led to the university receiving 93,000 packages this year, compared with 12,000 in 2007.

HIgh Point Regional drops trauma center designation

December 10, 2014

(High Point Enterprise)

High Point Regional Hospital voluntarily withdrew its Level 3 trauma center designation in July, according to a spokeswoman from the N.C. Department of Health and Human Services. A representative from the health system said the hospital still treats trauma patients despite the change in designation. North Carolina has 12 trauma centers across the state.

Wake Forest to build $100M medical school

December 9, 2014

(Winston-Salem Journal)

Wake Forest Baptist Medical Center will move its medical-education programs to its Innovation Quarter research park in downtown Winston-Salem. Half the funds for the $100 million project will come from a capital campaign while the other half will come from historic tax credits. The building is expected to open to medical students in July 2016.

Winston-Salem's IMG College faces job cuts

December 8, 2014

(Winston-Salem Journal)

The parent company of IMG College will cut 3% of its workforce over the next few weeks, which could lead to the loss of 27 jobs for the Winston-Salem-based sports-marketer. IMG Worldwide, parent of IMG College – which has partnerships with more than 90 universities – was acquired by Beverly Hills-based talent agency William Morris Endeavor Entertainment in 2013 in a deal valued at about $2.4 billion.

Hanesbrands adding 75 jobs at Mount Airy sock plant

December 5, 2014

(Winston-Salem Journal)

Hanesbrands will invest $500,000 and add 75 jobs at its Mount Airy sock manufacturing plant, where the Winston-Salem-based apparel-maker currently employs 230. The town will provide $67,500 in incentives, including job skills training. A company spokesman said the incentives "helped solidify the decision" to expand local production.

Raleigh incubator expanding to Greensboro

December 4, 2014

Raleigh-based business incubator HQ Raleigh, which hosts more than 90 companies at its downtown Raleigh offices, is expanding to Greensboro in a partnership with Gate City developer Andy Zimmerman.

Greensboro's Unifi partners with UNC Athletics

December 4, 2014

(News & Record, Greensboro)

Greensboro-based Unifi is partnering with UNC Athletics in a plastic-bottle recycling challenge. The company's REPREVE division makes products from recycled fibers. To create awareness for the program, each person attending UNC's basketball game vs. Iowa on Wednesday was given a green UNC basketball t-shirt made from two recycled bottles. If the Tar Heels meet a campus recycling goal, Unifi will make a donation to the UNC Lineberger Comprehensive Cancer Center.

Greensboro's Prospect Brands buys menswear company

December 3, 2014

(Winston-Salem Journal)

Prospect Brands will acquire a majority interest in Midway, Ky.-based men's apparel-maker Crittendon & Co. The Greenboro-based company's brands include Duck Head and Gerbing, an outerwear manufacturer.

Southern Season to open Mebane distribution center

December 2, 2014

(The Times News, Burlington)

The city of Mebane approved a $90,000 incentive package for Chapel Hill-based Southern Season to build a $5.8 million to $5.9 million distribution center by summer 2015. The company operates stores in Chapel Hill, Charleston, S.C., and Richmond, Va. and plans to add more stores. The distribution center will employ 45 workers.

Eden hospital cuts 22 positions, reduces hours for 160 employees

December 2, 2014

(RockinghamNow.com)

Morehead Memorial Hospital in Eden announced it will cut 22 jobs and reduce hours for 160 staff members. The hospital said it has experienced a 30% decrease in inpatient services over the past three years. Morehead eliminated 22 jobs in May. 

BNC Bancorp completes acquisition of SC bank

December 2, 2014

(Winston-Salem Journal)

BNC Bancorp, parent company of Bank of North Carolina, has completed its $50.6 million acquisition of Charleston, S.C.-based Harbor Bank Group, giving the High Point-based bank a total of 51 branches in the Carolinas. BNC announced in November plans to acquire Valley Financial of Roanoke, Va. for $101.3 million. That deal is expected to close in the second quarter of 2015.

Longtime Novant Health exec resigns

December 2, 2014

(Winston-Salem Journal)

Sallye Liner will step down as chief clinical officer of Winston-Salem-based Novant Health after four and a half years in the post. A 38-year company veteran, Liner previously served as president of Forsyth Medical Center and was chief operating officer for 11 years.