Business

Outdoor retailer closing nearly 60 stores amid bankruptcy

West Marine is planning to close 59 stores around the country as it works through bankruptcy proceedings. The boating and fishing supply retailer based in Fort Lauderdale, Florida, filed for Chapter 11 bankruptcy protection last month and submitted a list of retail locations it intends to close amid its restructuring,…

Some rich Californians are giving away cash to skirt the state’s proposed billionaire tax

Rather than hand over their fortunes to the California state government, wealthy Californians are finding creative, tax-efficient ways to minimize potential billionaire-tax impact — including giving their money away. Some high-net-worth residents in the Golden State are intentionally reducing their balance sheets through philanthropy or real estate strategies because they…

KFC adds new menu items, updates logo as part of global brand refresh

KFC is launching what it calls its “next chapter” globally, rolling out new menu items, redesigned restaurants and refreshed branding as the fast-food giant looks to strengthen its position in the increasingly competitive chicken market. The Yum Brands-owned chain said Monday that the initiative will eventually touch its more than…