Word: jp
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Dates: during 2000-2009
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...carriers, JAL has a high portion of revenues coming from non-flying businesses and potential spinoffs could target freight operations and less profitable operations. JAL is also being wooed by foreign carriers that might invest for minority stakes in the airline. "There aren't many solutions for JAL," says JP Morgan Securities airline analyst Hitoshi Hosoya. "What it needs is capital - cash." (See 10 milestones on the road to GM's bankruptcy...
...subject of reasons, however, there is an interesting twist to the demise of Herrell’s—one that isn’t necessarily explained by rising operating costs or the strain of the recession. Apparently, JP Licks, a competing ice-cream vendor that opened in a strategic Mass. Ave. location last summer, benefitted from financial incentives offered by Harvard University. The university owns the real estate JP Licks currently occupies, and it essentially invited the franchise in, offering the popular Boston-area chain preferential access to the space and a lease at a below-market rate...
...these objections ignore the fact that Harvard does own the real estate it currently leases to JP Licks and has the right to bring in the tenants it wants. As a university, Harvard has a vested interest in leasing to businesses that together can provide a certain type of collegiate community geared toward the interests and needs of students. The university clearly judged that JP Licks was one of those businesses, and, as much as we have appreciated Herrell’s service over the past three decades, we have no complaint about the role Harvard may have played...
Still, we were curious about the particular decision to bring in JP Licks as opposed to all the other options Harvard might have explored. The statements from university real-estate officials who claimed that encouraging JP Licks to come into the Square was in line with their “commitment to local businesses that bring a unique and quality product” seemed odd. After all, while JP Licks is a local business with a quality product, so is Herrell’s, which has offered the same product for 27 years. If Harvard is truly committed to local...
Tragic news broke today that Harvard Square has completed its slow turn toward gentrification with the impending shuttering of Herrell's ice-cream store on Dunster street. The Crimson's Athena Jiang reports that the owner cited rising food costs, sky high rent, and of course, JP Licks for their mounting financial woes...