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Morgan Stanley’s Paul Horning nominated for Businessman of the Year from the Atlanta Gay Chamber

Morgan Stanley’s Paul Horning nominated for Businessman of the Year from the Atlanta Gay Chamber

ATLANTA – Paul Horning, a senior vice president at the Horning-Link Group of Morgan Stanley Wealth Management has been nominated by the Atlanta Gay and Lesbian Chamber of Commerce (AGLCC) as the Business Man of the Year.

Horning, along with four other nominees, will be honored at the 15th annual Community Awards ceremony on Aug. 23 at the InterContinental Hotel in Buckhead.

“I am pleased that Paul’s work at Morgan Stanley and within the LGBT community has been recognized by the AGLCC,” said Michael Outlaw, Managing Director and Buckhead Complex Manager at Morgan Stanley in Atlanta. “I congratulate him for standing out in his profession and making a difference in his community.”

Forever 21 reducing work hours due to ObamaCare

(ATLANTA BUSINESS CHRONICLE) -- Forever 21 Inc. is the latest national company to cut employee hours to counter the impact of ObamaCare.

RELATED | Forever 21 among companies that put faith first

Policymic.com reported Forever 21 will limit non-management workers' hours to 29.5 a week, which is a hair below the 30-hour minimum ObamaCare considers full-time employment.

The changes begin Aug. 31, according to the policymic.com story.

RELATED | Insurance premiums could increase under ObamaCare

Novare plans new Buckhead residential tower

ATLANTA -- Another Buckhead high-rise apartment tower is in the works -- the latest in a string of similar projects.

Novare Group, Batson-Cook Development Company, and Ackerman & Co. are planning SkyHouse Buckhead, a 26-story, 364-unit luxury tower.

The site is just off Peachtree Road next to the new MARTA pedestrian bridge that's going to cross Georgia 400. The land is also behind Maggiano's Little Italy restaurant.

It marks the third intown Atlanta residential tower for Novare Group. Architectural firm Smallwood, Reynolds, Stewart, Stewart is designing its latest project.

Novare is also developing 100 6th Street in Midtown. It already completed SkyHouse Midtown on West Peachtree Street. Novare has other projects underway in Orlando, Fla., and Austin, Houston and Dallas, Texas.

Hudson's Bay Co. to buy Saks for $2.4 billion

NEW YORK -- Hudson's Bay Company, parent company of Lord and Taylor is making a sizable luxury retail purchase. 

The company is paying around $2.4 billion to purchase Saks Fifth Avenue. According to the AP, reports surfaced a little over a month ago that Hudson's Bay Co. was interested in Saks.

Hudson's Bay also runs department stores in Canada. It will pay $16 per share for Saks, a 5 percent premium to the company's Friday closing price of $15.31, the AP reported. 

In Monday premarket trading, Saks' stock rose to almost 4 percent. Shares are up 46 percent for the year to date. 

The buyout waits approval from Saks' shareholders, and is expected to happen before the end of the year. 

The AP said according to FactSet, the New York-based retailer has about 150.2 million outstanding shares. 

Souper Jenny founder to open juice bar

Souper Jenny founder to open juice bar

ATLANTA -- Restaurateur Jenny Levison, best known for founding popular Buckhead eatery Souper Jenny, has announced her next endeavor: a juice bar.

Juicy Jenny Community Juice Bar + Superfood Emporium will open this fall in the same shopping center as Souper Jenny. It will feature six cold-pressed juices and six smoothies with fun names like Do I Have Kale in My Teeth?, and Everything But the Vodka.

"I envision Juicy Jenny having the comfortable, approachable feel of your favorite neighborhood coffee shop, complete with Wi-Fi access," Levison said in a statement. "We want the experience to be approachable, so that everyone from novice juicers to experts can feel free to ask questions and learn as much as they want about the benefits of incorporating juicing into your lifestyle."

In addition to juice, Juicy Jenny will offer breakfast items, protein bars and a takeout area.

Souper Jenny and the future Juicy Jenny are located at 56 East Andrews Drive.

Morgan Stanley’s Michael Merlin joins Atlanta Symphony Orchestra Board of Directors

Morgan Stanley’s Michael Merlin joins Atlanta Symphony Orchestra Board of Directors

ATLANTA -- Michael Merlin, an Executive Director at Hansberger & Merlin of Morgan Stanley in Atlanta has recently been named to the 2013-2014 Board of Directors at the Atlanta Symphony Orchestra (ASO).

“We are excited and pleased that Michael Merlin will be joining our Board of Directors,” said Atlanta Symphony Orchestra President & CEO Stanley E. Romanstein, Ph.D. “Michael has been a tremendous supporter of the ASO, and we look forward to having his superb leadership and business expertise help shape the future of this renowned Orchestra.”

Mr. Merlin commented, “I am both honored and humbled to have the opportunity to be a part of the Atlanta Symphony Orchestra Board.  The dedication that the ASO has to music education for all members of our community is inspiring.  I look forward to working with my fellow board members and the ASO to increase the impact of this great organization.”

New restaurants and retailer coming to Lenox, Phipps

New restaurants and retailer coming to Lenox, Phipps

ATLANTA -- Two first-to-market restaurants and one retailer will soon open at Lenox Square and Phipps Plaza.

Simon Property Group, which owns the two Buckhead malls, announced Tuesday that True Food Kitchen and Zinburger Wine and Burger Bar are coming to Lenox, while Phipps will add Giuseppe Zanotti, an Italian shoe label.

They are just the latest in a series of additions to Lenox and Phipps, including Bachrach, UGG, Trina Turk, Sprinkles Cupcakes and a planned 375 residential units.

True Food Kitchen's menu is based on an anti-inflammatory diet and features such ingredients as kale, quinoa and acai. Zinburger offers gourmet burgers paired with an array of wines.