IP reports $1B loss
Mill closings and the implementation of the company’s multiyear 80/20 strategic plan also contributed to the losses, CEO Andy Silvernail said during an earnings call.
Sophia Surrett
There are 602 articles by Sophia Surrett :
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October 2025
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Food NewsFood Files: Society Memphis is back — and soon Little Italy Midtown will be, too.
Little Italy Midtown is coming back to its original space, Society Memphis has reopened under new ownership and Good Fortune Co.’s expansion will begin in the new year.
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Financial Services Former Evolve CEO to remain in custody on child porn charges
Robert Hartheimer was arrested by FBI agents on Thursday, Oct. 23, at Memphis-based Evolve Bank & Trust’s headquarters.
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Downtown Restaurant opening in Downtown’s former Tamp & Tap
“Having this space activated is important to bring more people in and liven up Downtown,” said Downtown Memphis Commission planning manager Brian Mykulyn.
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Financial Services Evolve Bank & Trust CEO arrested for child pornography
The arrest of Evolve Bank & Trust CEO Robert “Bob” Hartheimer is the latest challenge for the embattled Memphis-based bank.
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Real EstateLocal shop remodels to support more women, one bra at a time
A Fitting Place is a staple for many women who have been diagnosed with breast cancer, as they struggle to find customized post-mastectomy bras.
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Food NewsFood Files: Tonica Downtown, Little Petals East, Poppz opening
Tonica Downtown and Little Petals East Memphis are open to customers. Poppz Drinks & Sweets on Poplar will open in early November.
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Real EstateNo need for stage fright, this karaoke club lets you sing in private
“It’s your own little private party,” said Deidre Ellis, owner of The Studio Karaoke, which offers five soundproofed rooms and 80,000 songs to choose from.
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Transportation & Logistics Memphis airport building construction to cost $57 million
The Memphis-Shelby County Airport Authority board approved $57 million in funding for a portion of the Memphis International Airport’s $700 million renovation.
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Transportation & Logistics International Paper to outsource its IT services, resulting in layoffs
International Paper announced it will outsource all information technology operations to the multinational technology firm Infosys.
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Transportation & LogisticsInternational Paper sold its bag operations
International Paper’s bag operations are in California, Oregon and Texas, specializing in kraft paper-bag manufacturing.
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Transportation & Logistics Local packaging facility to close, laying off 76 employees
Crescent Park Corp., an outsourcing packaging partner and fulfillment company, will close Dec. 31.
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Transportation & Logistics Manufacturer to close Memphis facilities, lay off 152 employees
Most of the 152 employees will be laid off by early December.
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Real EstatePalladio closing for good ... or is it?
On Friday, Oct. 10, owner Cynthia Ham posted on social media that Palladio, a space with showrooms filled with antiques and home furnishings, would have its last day on Halloween.
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Transportation & LogisticsLong pause for laughter: FedEx commercials poke fun at office power moves
Prolonged eye contact, flashy watches, late arrivals and long pauses: The shipping giant returns to humor in new brand campaign.
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Transportation & LogisticsWhen Nashville air traffic control went dark, Memphis took over
For several hours between Tuesday, Oct. 7, to Wednesday, Oct. 8, Nashville air traffic was controlled from Memphis.
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Real EstateThe City hasn’t officially bought the Sheraton yet but it’s already repaid $4M on the bonds
“Before this actually gets signed, we will have paid $8 million that we don’t officially own yet,” said City Council member Jerri Green.
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Transportation & Logistics Fall break traffic at Memphis airport expected to be up by 6%
The peak days are expected to see about 11,000 passengers per day.
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Food NewsFood Files: How the sausage is made at new East Memphis Italian deli
Also, the local board game parlor Board to Beers is officially open at its new location at 3482 Plaza Ave.
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Transportation & LogisticsMemphis-based logistics company acquired
Mallory Alexander, founded in 1925, is a full-service logistics provider for manufacturers, retailers and other storage and shipment suppliers worldwide.
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Transportation & Logistics FedEx adds exec to its freight segment spinoff
The new financial leader of the logistics giant’s less-than-truckload division spinoff is a former exec of a Fortune 100 company.
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Real EstateDowntown DoubleTree closing, impacting almost 90 workers
“They, evidently, have come to the decision that they’ll lose less money if they close than if they stay open,” said an area hotel consultant.
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Real EstateSheraton deal should close by early November, Mayor Young said
Memphis Mayor Paul Young said the deal had taken longer than expected, but he was unsure about the specifics.
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Food NewsFood Files: First Watch poised to open second Memphis location
First Watch submits a permit to look at a Wolfchase space. Raven & Lily in Collierville is now closed. Sanderlin’s Rise Southern Biscuits & Righteous Chicken is now open.
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September 2025
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Transportation & Logistics $150M, 190 jobs: Brownsville factory canceled
The factory was expected to be part of Ford Motor Co.’s BlueOval City supply chain.
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