McDonald’s Corp. to relocate its corporate headquarters to downtown Chicago by the spring of 2018

Company Signs Lease at 1045 W. Randolph in Chicago’s West Loop and Will Relocate Its Headquarters by Spring of 2018

OAK BROOK, IL, 2016-Jun-15 — /EPR Retail News/ — McDonald’s Corp. (NYSE: MCD) today announced the move of its corporate headquarters to downtown Chicago by the spring of 2018.

The company signed a lease at 1045 W. Randolph St. in Chicago’s vibrant West Loop neighborhood and will transform the space into a modern setting that fosters collaboration and connectivity.

“We are a brand on the move in more ways than one,” said McDonald’s President and CEO Steve Easterbrook. “Moving our headquarters to Chicago is another significant step in our journey to build a better McDonald’s. This world-class environment will continue to drive business momentum by getting us even closer to customers, encouraging innovation and ensuring great talent is excited about where they work.”

The move marks a return to Chicago where the company was headquartered from 1955 to 1971.

“McDonald’s looks forward to returning to the Chicago community where we started and to building together the next chapter of success in the history of this great company,” said Rick Hernandez, Chairman of the Board of McDonald’s. “Today’s announcement is about more than just a new location for us. It is an important investment in our people as we look to create a start-of-the-art company headquarters they can use to move our business forward for many years to come.”

The new headquarters will also house Hamburger University, one of seven worldwide locations, providing a state-of-the-art learning center for the company’s future leaders and employees.

“McDonald’s, welcome back to sweet home Chicago,” Mayor Rahm Emanuel said. “McDonald’s has identified the keys to success to today’s global market, talent, technology, and access to transportation networks, and they recognize these as Chicago’s strengths. I’m proud to welcome them to our dynamic city.”

About McDonald’s
McDonald’s is the world’s leading global foodservice retailer with over 36,000 locations in over 100 countries. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women.

FOR MORE INFORMATION CONTACT:
Media:

Terri Hickey
630-623-5593
terri.hickey@us.mcd.com

Becca Hary
630-623-7293
becca.hary@us.mcd.com

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McDonald's Global Headquarters - Oak Brook, IL

McDonald’s Global Headquarters – Oak Brook, IL

Ulta Beauty will open new satellite office in downtown Chicago

Downtown Work Space Offers National Beauty Retailer’s Employees More Flexibility; Supports Growth

CHICAGO, 2016-Apr-04 — /EPR Retail News/ — Ulta Beauty CEO Mary Dillon and Mayor Rahm Emanuel today announced the company will open a new satellite office in downtown Chicago to offer employees workplace flexibility and to support the company’s fast-paced growth. Ulta Beauty is the largest national beauty retailer with nearly 900 store locations across the United States featuring cosmetics, fragrance, skin and hair care products and salon services. The satellite office will have 100 work stations and give all of the company’s employees flexibility and access to Chicago’s public transportation and business community.

“A Chicago location offers our existing employees more flexibility and the ability to collaborate with business partners in new ways, and it will also help us continue to attract the top talent we need to fuel our growth,” said Mary Dillon, CEO, Ulta Beauty. “Additionally, our new satellite office solidifies our position as members of the Chicagoland community and reflects our continued commitment to this world-class city.”

“From the talent of our workforce to the quality of life in our communities, Ulta Beauty recognizes the many strengths and opportunities that Chicagooffers for fast-growing companies and I want to thank them for doubling down on the City of Chicago,” said Mayor Rahm Emanuel. “By expanding their presence here, Ulta Beauty joins a growing list of other companies who have chosen to make their future part of Chicago’s future.”

The company’s satellite office will be located at 120 South Riverside Plaza (between West Adams Street and West Monroe Street), within a block of both Union and Ogilvie Metra Stations and is currently under construction. The building sits on the west bank of the Chicago river with direct views of the iconic waterway, offers a number of amenities including a gym and tenant lounge, and is steps away from many great city restaurants.  The office will be approximately 23,000 square feet with up to 100 shared work stations, as well as conference space including collaborative huddle and multipurpose rooms. The 22-story office tower is owned by Ivanhoé Cambridge in partnership with Callahan Capital Properties. Ulta Beauty’s new satellite office is scheduled to open in the late summer of 2016.

Ulta Beauty’s corporate headquarters in Bolingbrook, Ill., currently employs more than 750 associates. Ulta Beauty continues to grow, last year adding more than 125 new jobs in its corporate office. This is in addition to the thousands of jobs the company has created nationwide. To support its continued growth, the company is also investing in its suburban location by expanding and renovating its headquarters.  The renovation will be marked by bright, open spaces to reflect the company’s recently defined brand identity that invites shoppers to explore the “Fun Side of Beauty”.

The company is known as the premier beauty retailer offering All Things Beauty All in One Place™. In fiscal year 2015, the company delivered a 25.1 percent increase in EPS on an 11.8 percent increase in comparable sales and a 21.1 percent increase in net sales. At the same time period, Ulta Beauty has created thousands of jobs, opened one hundred net new stores, grown its e-commerce business by more than 47 percent and attracted dozens of new brands. The company continues to disrupt the beauty category with its highly differentiated product assortment across all categories and price points, and by offering a full-service salon in every location with expert hair, skin and brow services.

“We welcome Ulta Beauty to the downtown business community,” said World Business Chicago President & CEO Jeff Malehorn. “This announcement further supports World Business Chicago’s mission to put Chicago at the forefront of the global economy by supporting businesses that are creating jobs and cultivating top talent.”

“We are very excited that Ulta Beauty has selected 120 South Riverside Plaza as its downtown office location.  With its prime West Loop location, efficient floorplates, extensive outdoor areas and abundant amenities, 120 South Riverside Plaza continues to attract premier tenants from a broad range of industries,” said Timothy Callahan, CEO of Callahan Capital Properties, which is Ivanhoe Cambridge’s partner in the ownership and operation of the property.

About Ulta Beauty
Ulta Beauty (NASDAQ: ULTA) is the largest beauty retailer in the United States and the premier beauty destination for cosmetics, fragrance, skin, hair care products and salon services. Since opening its first store 25 years ago, Ulta Beauty has grown to become the top national retailer providing All Things Beauty, All in One Place™. The company offers more than 20,000 products from over 500 well-established and emerging beauty brands across all categories and price points, including Ulta Beauty’s own private label. Ulta Beauty also offers a full-service salon in every store featuring hair, skin and brow services. Ulta Beauty is recognized for its commitment to personalized service, fun and inviting stores and its industry-leading Ultamate Rewards loyalty program. As of January 30, 2016 Ulta Beauty operates 874 retail stores across 48 states and also distributes its products through its website, which includes a collection of tips, tutorials and social content. For more information, visit www.ulta.com.

About World Business Chicago
Chaired by Mayor Rahm Emanuel, World Business Chicago drives Chicago’s economic growth. WBC collaborates to create jobs, cultivate talent, and put Chicago at the forefront of the global economy. A unique public-private partnership, WBC engages the region’s leaders to advance Chicago’s Plan for Economic Growth and Jobs.

About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and companies in select cities around the world. It does so prudently with a long-term view to optimize risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners that are leaders in their respective markets.

Through subsidiaries and partnerships, Ivanhoé Cambridge holds interests in close to 500 properties, consisting primarily in office, retail, residential and logistics real estate. Ivanhoé Cambridge held more than Cdn$55 billion in assets as at December 31, 2015. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada’s leading institutional fund managers. For further information: ivanhoecambridge.com.

About Callahan Capital Properties (CCP)
Callahan Capital Properties (“CCP”) is a real estate private equity firm focused exclusively on the acquisition and management of high-quality office properties in the central business districts of major U.S. gateway cities. Together with its strategic partner, Ivanhoé Cambridge, CCP’s office platform currently totals approximately 14 million square feet, with properties located in New York, Boston, Chicago, Seattle, Denver and Los Angeles. For more information:  callahancp.com.

SOURCE Ulta Beauty and World Business Chicago

Karen May, Director, Public Relations, Ulta Beauty, (630) 410-5457; Wendi Taylor Nations, Chief Marketing Officer, WBC, (312) 553-4938

Starbucks Plans to Open Stores in Diverse, Under-represented Neighborhoods in 15 U.S. Cities

  • Starbucks Plans to Open Stores in Diverse, Under-represented Neighborhoods in 15 U.S. Cities, Will Work with Local Minority and Women-Owned Suppliers, Nonprofits and Civic Leaders to Create New Opportunities for Economic Development and Community Engagement
  • First Stores to Open in Chicago, Ferguson, Milwaukee, Phoenix, and Queens, New York
  • Starbucks Multiplies Impact Beyond Stores with $1.5 Million in Starbucks Foundation Opportunity for Youth Grants in 15 U.S. Cities to Support Youth Training and Hiring Programs with Proven Results

SEATTLE, 2015-7-20 — /EPR Retail News/ — On the heels of the launch of the private-sector led 100,000 Opportunities Initiative to increase hiring of America’s opportunity youth, Starbucks (NASDAQ: SBUX) today announced two key strategic initiatives to support economic development and social change in diverse, urban communities by helping young people connect with meaningful employment and pathways to success.

Starbucks to Open Stores in Diverse, Urban Communities 

Starbucks today announced it will open stores in 15 diverse, low to medium income urban communities across the U.S., with at least five stores expected to open in 2016. These stores will be a key strategy in achieving the company’s previously stated goal of hiring 10,000 Opportunity Youth – young people between the ages of 16-24 who face systemic barriers to meaningful jobs and education – and the 100,000 Opportunities Initiative’s collective goal of hiring 100,000 Opportunity Youth by 2018.

Starbucks will open the first of these stores in the Englewood neighborhood of Chicago’s south side; the West Florissant neighborhood in Ferguson, Missouri; the Jamaica neighborhood in Queens, New York; Milwaukee, Wisconsin; and will remodel its store at 7th & Camelback in Phoenix, Arizona. Each of these locations will have an onsite training space where young people can learn valuable customer service and retail skills, based on the same world-class training Starbucks partners (employees) receive. Starbucks will also partner with local youth services organizations and government to leverage existing programs that help connect young people with internships, apprenticeships and jobs in the community and foster the type of dialogue and engagement needed for continued social change.

“We have a long history of developing stores in diverse neighborhoods and we hope to do even more – together with the community – to bring great jobs, engage young people, and drive economic opportunity for all,” said Blair Taylor, chief community officer for Starbucks and chair of the Starbucks Foundation. “We want to be part of the solution in these communities and help create a sustainable future for those who may be looking for a second chance.”

Starbucks will hire on average 20 to 25 partners (employees) per store from the local community, providing a new pathway to opportunity through training and development, meaningful career options and industry-leading benefits that include the chance to get an online, tuition-free bachelor’s degree from Arizona State University through the Starbucks College Achievement Plan.

Starbucks also plans to collaborate with local women and minority owned contractors and businesses in the design and development of these stores, and work with women and minority owned suppliers to bring locally-made food products to the stores.

“There’s a quiet, much-needed movement underway to rebuild Ferguson” said Michael McMillan, chief executive officer for the Urban League of Metropolitan St. Louis, which recently broke ground on a new jobs and education center for youth in Ferguson. “Starbucks is stepping up and investing in our community in a way that will open up exciting opportunities for all. We hope more businesses will appreciate this city’s resilience and join us in turning what was a tragedy into a triumph.”

“We want to decrease the number of young men and women in Phoenix who are not connected to meaningful educational or career paths,” said Mayor Greg Stanton. “I applaud Starbucks for helping low-income, diverse communities address this problem. These new Starbucks stores will help engage our young people with exciting new training opportunities and help support our city’s minority-owned and operated suppliers.”

“In making this commitment to open in Englewood, Starbucks, like Whole Foods, sees the opportunity and revitalization occurring in one of Chicago’s oldest neighborhoods. This is further proof that when the public and private sectors come together to invest in communities, we can create new jobs and economic resources that will spur economic growth into the future,” said Mayor Rahm Emanuel.

“A new generation of young people – especially in low-income communities – are at risk for never, ever having a job,” said Congressman Bobby L. Rush of the 1st District of Illinois. “These young people are often neglected, especially those who are no longer in school or unable to find jobs, and are not being trained to be productive citizens in the workplace. We look forward to welcoming Starbucks to our Englewood community and share in their ongoing commitment to the training, employment and education of our nation’s youth.”

To determine which communities are a good fit for this store concept, Starbucks looks at all the available data on the socio-economic health of America’s cities to understand which communities have the biggest opportunity gaps, which have the biggest need for business investment and leadership, and where there is local movement underway to build a better future for its residents. The company plans to accelerate the development of these stores over the next three years with the goal of opening in at least 10 additional cities by 2018.  Starbucks will monitor the success of the stores for continued adoption to embed with our store development strategies.

Starbucks Foundation Announces $1.5 Million in Opportunity for Youth Grants in 15 U.S. Cities

Today, the Starbucks Foundation also announced it has awarded $1.5 million in Opportunity for Youth grants to 72 nonprofit organizations in 15 U.S. cities for fiscal year 2016. These grants, ranging from $5,000 to $75,000, build on the foundation’s long history of investing in proven, as well as innovative, programs that equip young people ages 16-24 with the skills and training required for the changing global economy. Starbucks partners (employees) engage and volunteer with the organizations to help young people become job-ready and develop skills to continue on the pathway of opportunity. Since launching in 1997, the Starbucks Foundation has grown to support communities around the globe. In 2014, the foundation gave $13.1 million in 2014, making 144 grants to nonprofit organizations, including $3.37 million to organizations supporting opportunity youth around the world.

“The Starbucks Foundation is dedicated to empowering our nation’s young people to seek out the right path forward through development and training, public service and volunteering, educational opportunities as job readiness,” said Taylor. “We are thrilled to be able to award $1.5 million to these well-deserving non-profits who will help multiply impact beyond our stores and make a meaningful impact to these young future leaders.”

For more information on this news release, contact us.

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Starbucks Plans to Open Stores in Diverse, Under-represented Neighborhoods in 15 U.S. Cities

Starbucks Plans to Open Stores in Diverse, Under-represented Neighborhoods in 15 U.S. Cities