King of Prussia
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Rihanna’s Savage X Fenty Lingerie Company Raises $125 Million in Funding, Planning Store at King of Prussia Mall
Right after opening the company’s first brick-and-mortar retail store, Rihanna’s Savage X Fenty lingerie company announced a new Series C funding round of $125 million led by Neuberger Berman, writes Tanya Klich for Forbes. This brings the total venture capital funding to date to $310 million for the brand, which first debuted in 2018 with…
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Montgomery County’s Suburban Office Market Wraps Up 2021 With Strongest Q4 in Two Years
The suburban office market ended 2021 with one of the strongest quarters for the past two years, which helped further stabilize it. Natalie Kostelni unlocked the performance metrics for the Philadelphia Business Journal. “Clients are looking at taking less space and investing more in that space,” said Les Haggett of CBRE Group, the Dallas, Texas…
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Children’s Hospital of Philadelphia Opens Second Inpatient Hospital in King of Prussia
The Children’s Hospital of Philadelphia (CHOP) just opened its second inpatient hospital in King of Prussia, the Middleman Family Pavilion. Built with families in mind, the new hospital aims to provide convenient access to CHOP’s excellent care and resources to children across the region. “Since our founding in 1855, a key component of CHOP’s mission…
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Glenmoore’s Uplink Studios Raised Thousands of Dollars Through 24-hour Gaming Marathon for King of Prussia’s CHOP
A 24-hour gaming marathon organized by Uplink Studios in Glenmoore managed to raise thousands of dollars for Children’s Hospital of Philadelphia, writes Matteo Iadonisi for 6abc. For the event, owner Derek Rodner partnered with Extra Life, a program of Children’s Miracle Network Hospitals, and invited the community to participate. For a full 24 hours, gamers…
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Former CHOP Patient’s Dream Comes True and Becomes Nurse at CHOP King of Prussia After Decades of Healing
After spending part of her childhood in CHOP hospitals, former CHOP patient Abby Lackman has gone on to fulfill her dream of becoming a CHOP nurse herself, reports Matteo Iadonisi for 6abc. “It’s been my dream,” said Lackman. “With my history, I’ve been in and out of the hospital and the CHOP nurses really made…
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King of Prussia’s Medical Linen Company ImageFIRST Expands Footprint to Maine with New Acquisition
Headquartered in King of Prussia, ImageFIRST, the largest provider of linen and laundry services for the healthcare industry, recently announced the acquisition of Pratt Abbott Uniform & Linen in Greater Portland, Maine. This marks the first facility for the company in the state of Maine, reported ImageFIRST. Pratt Abbott Uniform & Linen was first founded…
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King of Prussia Business Launches HR Playbook to Navigate a New Workplace Culture
To help businesses start the New Year off on the right foot, Workplace Harmony has launched Harmony in a Box, a DIY human resources starter kit that guides small and medium-sized businesses in developing an HR department and associated protocols. “HR is the No. 1 thing employees complain about. In a job market where employers…
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Penn Medicine Gene Therapy Doctor Signs Deal with Center for Breakthrough Medicines in King of Prussia
University of Pennsylvania Professor James Wilson recently signed a five-year renewable deal on behalf of his gene therapy lab to license its manufacturing process to King of Prussia’s Center for Breakthrough Medicines, writes Erin Arvedlund for The Philadelphia Inquirer. In turn, the center has the exclusive right to make the gene therapy lab’s process available…
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Despite Potential Stock Price Drop, King of Prussia Mall’s Simon Property Group Represents Great Investment Opportunity
While Simon Property Group, owner of King of Prussia Mall and Philadelphia Premium Outlets, could be approaching its stock price near-term low, this could also provide investors with a great opportunity to buy a quality asset at a discount, writes Zvi Bar for Seeking Alpha. Simon is the nation’s largest domestic retail REIT that focuses…
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King of Prussia Company Secures Deal on Shark Tank, Sees Sales Boost
Banana Loca, a King of Prussia-based company owned by Bechara Jaoudeh and Renee Heath, appeared on the TV show Shark Tank this past December. After gaining the interest of the sharks and securing a deal, their company has seen a tremendous increase in sales, writes Ryan Mulligan for the Philadelphia Business Journal. Banana Loca is…
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King of Prussia District Business Community Continues to Inspire with Ingenuity and Compassion
While 2021, like its predecessor, offered numerous challenges with constantly changing protocols and the continued impact of the pandemic, the King of Prussia District business community continued to inspire with ingenuity, compassion, and partnership, writes Shauna Sanchez for visitkop.com. In 2021, the King of Prussia District focused on recovery and helping the business community as…
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King of Prussia’s Center for Breakthrough Medicines Land Major Investment from South Korean Conglomerate SK
The Center for Breakthrough Medicines, which is based within MLP Ventures’ Discovery Labs innovation hub campus in King of Prussia, has secured an equity investment of $350 million from South Korean conglomerate SK, writes John George for the Philadelphia Business Journal. Together, the two organizations plan to create the largest end-to-end cell and gene therapy…
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King of Prussia-Based Qlik Confidentially Registers Intention to Once Again Go Public
Qlik, the King of Prussia-based data analytics company that does business in more than 100 countries, has confidentially submitted a draft registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering…
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Pizzeria Vetri, Coming Soon to King of Prussia, Hasn’t Let the Pandemic Toss It for a Loop
Pizzeria Vetri is run by executive chef John Sidoti, who curates the focused menu at Pizzeria Vetri’s all three locations and will do so for the upcoming fourth shop in King of Prussia, writes Ed Williams for Main Line Today. In early February, Pizzeria Vetri will return to King of Prussia with a new space…
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King of Prussia-based UGI to Acquire Stonehenge Appalachia for $190M
UGI Corp. in King of Prussia will expand the Marcellus Shale gas pipeline network with a $190 million acquisition of Stonehenge Appalachia, writes Andrew Maykuth for The Philadelphia Inquirer. UGI Energy Services, a subsidiary of UGI Corp., will become the new owner of the 47-mile pipeline in Butler County. Stonehenge Appalachia transports natural gas that…
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King of Prussia-Based Waste Management Company Wins 2021 SEAL Award for Environmental Sustainability
King of Prussia-based Clean Earth LLC was recently named the winner of the 2021 Sustainability, Environmental Achievement & Leadership (SEAL) Business Sustainability Awards for its Fullcircle program. The company is a leading provider of environmental and regulated waste management services, writes Jay Cooney for Clean Earth Inc. The 2021 SEAL Sustainability Award honorees included global…
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Custom Golf Club Fitter Opens New Location in King of Prussia
Golf club manufacturer and apparel retailer PXG has recently opened a facility in King of Prussia that allows customers to get fitted and test out custom golf clubs, writes Ryan Mulligan for the Philadelphia Business Journal. Much of PXG’s business model is based on providing custom fits for their customers, which is why their clubs…
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Valley Forge Tourism & Convention Board Announces Staff Promotions
After almost two years of overcoming obstacles, the Valley Forge Tourism & Convention Board (VFTCB) announced a few staff promotions. “Through challenges, it’s always so encouraging to see great leaders step up, and that calls for acknowledging the amazing employees at the VFTCB,” said Mike Bowman, President & CEO of the VFTCB. “We believe that…
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