Reported by Star-Bulletin staff & wire
Wednesday, August 19, 1998
Calif. jewelry retailer to open in Lahaina mall
Elegant Illusions Inc. said it has signed a lease to open a new Elegant Illusions Created Gem and Copy Jewelry store in Lahaina.The store, in the Lahaina Cannery Mall, is expected to open in mid-September, the Pacific Grove, Calif.-based company said. The Lahaina store will be the company's 30th and the sixth in a recently announced expansion that will bring its total to 50 stores in the United States and Virgin Islands, said James Cardinal, chief executive officer.
The jewelry retailer trades on the Nasdaq stock market.
Cinnabon being bought by AFC Enterprises
SEATTLE -- Cinnabon International Inc. is being acquired by AFC Enterprises, which bought two other Seattle companies -- Seattle's Best Coffee and subsidiary Torrefazione Italia -- in January. Cinnabon International is the holding company of Cinnabon Inc., which operates and franchises 358 retail cinnamon roll bakeries operating in 39 states, Canada and Mexico. Of those, 214 are company owned. The deal is expected to close by late September, AFC said.
Northwest backtracks on air-fare increase
ST. PAUL, Minn. -- Northwest Airlines Corp. today rescinded a 4 percent leisure fare increase on U.S. flights, reversing a surprising move yesterday in which the fourth-largest U.S. airline spurred an industrywide fare boost. The St. Paul, Minn.-based airline confirmed it has scrapped yesterday's increase but wouldn't comment further. Most major U.S. airlines increased fares on tickets purchased 7, 14 and 21 days in advance yesterday after Northwest initiated the boost. Analysts had expected this sixth attempt at increasing fares this year to hold, because Northwest was participating for the first time.
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