Adidas Tumbles as Losses From Its Kanye West Venture Pile Up
Shares in the German sportswear brand fell sharply on Friday as the company grapples with a mountain of unsold Yeezy merchandise.
Posted inCompany Reports Consumer Behavior Inflation (Economics) Pepsico Inc Prices (Fares, Fees and Rates) Procter & Gamble Co Unilever NV United States Economy
Big Brands Keep Raising Prices, With Limited Shopper Resistance
Consumers continue to absorb significant price increases by PepsiCo, Unilever and others. The companies say that prices will remain high in the months to come.
Posted inBoards of Directors Company Reports Iger, Robert A Layoffs and Job Reductions Peltz, Nelson Shareholder Rights and Activism Trian Fund Management LP Walt Disney Company
Activist Disney Investor Declares End to Battle for Board Seat
The move by Nelson Peltz came a day after the company’s C.E.O., Bob Iger, announced a restructuring that will cut $5.5 billion in costs and eliminate roughly 7,000 jobs.
Posted inCompany Reports Disney Plus Disney, Walt, World (Lake Buena Vista, Fla) ESPN Hulu.com Iger, Robert A Layoffs and Job Reductions Peltz, Nelson Walt Disney Company
With Traditional TV in Free Fall, Disney Looks to Cut Costs
In the company’s first earnings report since Bob Iger returned as C.E.O., it exceeded Wall Street’s expectations. But thousands of employees are expected to be laid off.