April 5, 2013
King of Prussia-based Lilly Pulitzer is proving to be a stylish pocket of retail growth for parent company Oxford Industries Inc. When Oxford reported its fiscal 2012 financial results earlier this week, the company positively cooed over Lilly Pulitzer's "year of extraordinary growth. " Net sales at Lilly Pulitzer, which designs and distributes brightly colored apparel and accessories, rose 30 percent to $122.6 million for the year ended Feb. 2, from $94.5 million the previous year.
March 6, 2013 |
In Business Keep the champange on ice. Mike Armstrong isn't celebrating. A11.
January 16, 2013 |
Let others trumpet the 39 new drug approvals by the Food and Drug Administration in 2012 as a 16-year high. Failure occurs far more often. Consider the recent stumbles by two area biopharmaceutical companies. Last week, Morphotek Inc. , of Exton, said results from a Phase III study of its experimental treatment for ovarian cancer failed to meet its "primary end-point. " The study involved 1,100 patients at 274 medical centers. The company, a subsidiary of the Tokyo-based Eisai Co. Ltd. , said additional analysis of the clinical results was needed before Morphotek could decide how to adjust its development strategy for the drug, called farletuzumab.
January 15, 2013 |
As officials described the Goldman Sachs 10,000 Small Businesses program last week, I was reminded of another educational effort aimed at ongoing enterprises. The U.S. Small Business Administration launched its Emerging Leaders 200, or e200, training program - described as providing MBA-like curriculum to people with little time or money to pursue one - in Philadelphia in 2008. Both programs focus on operating businesses, not start-ups. The required minimum is at least two years in business for the Goldman Sachs effort and three years for e200.
January 3, 2013 |
In the absence of many big lease deals or office building sales, the commercial real estate industry seems to have turned to buying or selling parts of itself. BGC Partners Inc. , a New York institutional brokerage company, started the new year by buying two regional brokerages, including one in Philadelphia. Smith Mack , a 28-year-old brokerage with four offices locally, was acquired by BGC, which first got into real estate in October 2011 when it bought Newmark & Co. Real Estate Inc. for $90.1 million.