Industries

For the Record - Central Virginia, March 2012

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Bow-tie Cinemas’ Movieland in Richmond has acquired land adjacent to its existing property. With the acquisition, the company plans to offer movie-goers restaurants and additional parking. (News release)

CarMax Inc., a Goochland County automotive retailer, will hire 965 people in 52 markets nationwide. Most of the positions will be in sales and service; 57 jobs will be in the Richmond region. (Richmond Times-Dispatch)

Franklin Street, a Richmond communications firm, received membership in the Transworld Advertising Agency Network, which has agencies in 53 markets worldwide. (News release)

Genworth Financial Inc., an insurance brokerage headquartered in Henrico County, sold its tax and accounting financial advisory unit to Cetera Financial Group, of El Segundo, Calif., for $78.6 million. Genworth might receive more from the deal if its former unit reaches certain revenue goals. (Richmond Times-Dispatch)

Grace Estates Winery plans to open in Albemarle County later this year with an initial offering of six wines. The winery is based at Mount Juliet Farm, which has sold fruit to other Virginia wineries for more than 10 years. (Daily Progress)

MeadWestvaco Corp., a Richmond-based provider of packaging solutions, bought Polytop Corp., of Slatersville, R.I., a manufacturer of dispensing closures. The deal is part of MeadWestvaco’s goal to increase its packaging capabilities. (Business Wire)

Mondial Assistance USA, a Henrico-based insurance provider, has been renamed Allianz Global Assistance as part of a global brand transition. The company expects to hire 100 more employees this year. (News release)

Regency Square, a Henrico County shopping center, was transferred to its lenders, led by Bank of America, by its owner, Michigan-based Taubman Centers Inc., to avoid foreclosure. The new ownership group hired LNR Partners LLC of Miami Beach to handle its affairs with the facility. (Richmond Times-Dispatch)

RelayFoods.com, a Charlottesville-based online grocery delivery service, received a $3.1 million investment from Massachusetts-based Battery Ventures. The money will be used to expand the company’s operations base and customer services. (Daily Progress)

Riverstone Group LLC, a Richmond-based owner and operator of high-end resorts, bought the Keswick Hall resort in Albemarle County. Riverstone owns Richmond’s Jefferson Hotel and resort properties in South Carolina and Tennessee. (Richmond Times-Dispatch)

Southwest Airlines, an air carrier based in Dallas, will convert its AirTran Airways operations at Richmond International Airport to operate under the Southwest system. The announcement was hailed by local officials as a boost to air service in the Richmond region.  (Richmond Times-Dispatch)

Virginia Commonwealth University School of Pharmacy will open a satellite campus at the University of Virginia Medical Center this fall, allowing students to spend their third and fourth years at the U.Va. campus. (News release)

Students at VCU’s Brandcenter won the Innovation Challenge, an international business competition involving more 100 universities. The VCU entry was a cloud-based app for AT&T that worked to support small-business owners. (Richmond Times-Dispatch)


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