Minneapolis - St. Paul Business News

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amiller92
Wells Fargo Center
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Re: Minneapolis - St. Paul Business News

Postby amiller92 » May 3rd, 2016, 4:09 pm

A non-trivial portion of that facility appears to be a distribution center that probably would not go away if acquired by somebody that doesn't already have local operations.

MNdible
is great.
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Re: Minneapolis - St. Paul Business News

Postby MNdible » May 5th, 2016, 12:20 pm

It should also be noted that Kroger could, for example, just purchase the Cub Foods stores from SuperValu. It's not widely understood, but SuperValu is primarily a grocery wholesaler/distributor and has been divesting itself of most of its retail operations since its botched merger with Albertsons.

Which, by the way, was a clear example where the Minneapolis company acquired a major competitor and shifted operations from Boise to here.

LakeCharles
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Re: Minneapolis - St. Paul Business News

Postby LakeCharles » May 5th, 2016, 3:00 pm

Those damn Idaho taxes. Driving out good companies like Albertsons.

widin007
Nicollet Mall
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Re: Minneapolis - St. Paul Business News

Postby widin007 » May 6th, 2016, 1:27 pm

Related to this Jamba Juice did cite the cost of business as a reason they are relocating to Texas, so companies do say things like that when it is an issue.
http://www.sfgate.com/news/bayarea/arti ... 396715.php

mplsjaromir
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Re: Minneapolis - St. Paul Business News

Postby mplsjaromir » May 6th, 2016, 2:08 pm

You don't really need skilled people to run a cold juice company.

seanrichardryan
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Re: Minneapolis - St. Paul Business News

Postby seanrichardryan » May 6th, 2016, 6:05 pm

Little known fact, my first job was the newly opened Jamba Juice City Center, back when it had store and stuff.
Q. What, what? A. In da butt.

QuietBlue
Target Field
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Re: Minneapolis - St. Paul Business News

Postby QuietBlue » May 7th, 2016, 10:27 am

Plenty of skilled people in Texas (in the major cities, anyway), but yeah, there's no benefit to a company like that being headquartered in the Bay Area right now.

widin007
Nicollet Mall
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Re: Minneapolis - St. Paul Business News

Postby widin007 » May 7th, 2016, 3:33 pm

Just showing that companies do in fact cite cost of business as a reason for leaving, wasn't supposed to be a critical look at Jamba Juice as a company.

Didier
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Re: Minneapolis - St. Paul Business News

Postby Didier » May 7th, 2016, 4:46 pm

It's not a question of whether taxes play a role in company relocations, though. It obviously does in some cases. In question here was the notion that high taxes played a role in St. Jude's being acquired.

mplsjaromir
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Re: Minneapolis - St. Paul Business News

Postby mplsjaromir » May 7th, 2016, 5:10 pm

Jamba Juice $192 million market cap v St Jude at $22 billion. I wouldn't consider them even close to analgous. You could cite a lemonade stand's business strategy as well.

Didier
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Re: Minneapolis - St. Paul Business News

Postby Didier » May 8th, 2016, 9:49 am

Not to mention that the situations aren't related at all.........

QuietBlue
Target Field
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Re: Minneapolis - St. Paul Business News

Postby QuietBlue » May 8th, 2016, 10:38 am

The article didn't specifically mention taxes in regards to Jamba's move, either. There are other financial issues that could well have been the deciding factors, especially given where they're moving from. Things like rent/real estate costs, high COL for employees, etc. It's a very expensive area in which to be located, and if you don't have a good business reason to be there, relocating starts to make a lot of sense.

acs
Wells Fargo Center
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Re: Minneapolis - St. Paul Business News

Postby acs » May 10th, 2016, 5:50 pm

This is just speculation at this point, but another MN company is a takeover target, and this one would hurt.

http://www.bizjournals.com/twincities/n ... ation.html

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Tiller
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Re: Minneapolis - St. Paul Business News

Postby Tiller » May 10th, 2016, 8:38 pm

We really need to bring Teddy Roosevelt back from the grave.

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Munch'n
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Re: Minneapolis - St. Paul Business News

Postby Munch'n » May 10th, 2016, 11:19 pm

I could definitely see the HQ being dragged away. :(
Meet me in Wells

amiller92
Wells Fargo Center
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Re: Minneapolis - St. Paul Business News

Postby amiller92 » May 11th, 2016, 8:55 am

Tiller wrote:We really need to bring Teddy Roosevelt back from the grave.
The FTC just won an injunction against the Staples/Office Depot deal (again). Halliburton/Baker Hughes fell apart amidst a challenge from DOJ. Comcast dropped it's attempt to buy TimeWarner last year in the face of antitrust scrutiny.

Teddy's spirit lives.


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