Archives

Shifting from running a megabank to owning Duke’s Mayonnaise and other middle-market companies is proving lucrative for two famed bankers. Now they are passing the torch.

Charlotte-based private equity firm Falfurrias Capital Partners  is acquiring The C.F. Sauer Co., the Richmond, Va.-based maker of the Duke’s Mayonnaise brand.

Ralph Lauren Corp. is expanding again in High Point, planning to invest $142 million and create 500 jobs.