Consumer & Healthcare
Lululemon CEO McDonald to step down, shares rise 10%
LULULEMON Athletica said that CEO Calvin McDonald was leaving the company without a replacement and raised its annual profit forecast, sending shares up about 10 per cent in extended trade on Thursday...
Coca-Cola names insider Henrique Braun as new CEO
COCA-COLA on Wednesday named insider Henrique Braun as its new CEO, replacing James Quincey, as packaged food companies try to adjust their strategies to consumers looking for healthier and more affor...
Coupang CEO resigns over historic South Korean data breach
The company faces a potential fine of up to one trillion won
Swatch and Citizen face Italian scrutiny over pricing practices
[MILAN] The Italian competition authority said on Tuesday it had opened two investigations into Swiss watchmaker Swatch and Japan’s Citizen Watch.
PepsiCo plans layoffs as it looks to wrap up Elliott talks
Companies have frequently requested staff to work from home in recent years ahead of layoffs
WongPartnership issues payment demand to United Food for S$358,000 in unpaid fees
Long-suspended company given up to Dec 17 to pay up or face legal proceedings
Ikea to ramp up US production as tariffs bite
The push for local production aims to support its expansion in the US, its second-biggest market, and the wider region
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit
Nike continues to shake up leadership team under CEO Elliott Hill
The world’s largest sportswear company has lost customers by leaning too hard on selling lifestyle sneakers
Prada completes Versace takeover after long courtship
Prada heir Lorenzo Bertelli will become executive chairman of Versace once the integration is complete
