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Groupon shares take fresh hit as new CEO outlines strategy

Group posted US$27.6m quarterly loss; to invest in customer acquisition, streamline global ops

Published Thu, Nov 5, 2015 · 09:50 PM

San Francisco

TAKE another discount on the stock price: Groupon fell hard on Wednesday as the company's new chief executive laid out his strategy in the face of weakening sales.

In midday trade, the daily deals group Groupon traded down 27 per cent at US$2.93 - after already tumbling some 75 per cent over the past two years, Groupon on Tuesday named Rich Williams as its new CEO, replacing co-founder Eric Lefkofsky,…

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Groupon shares take fresh hit as new CEO outlines strategy

Consumer & Healthcare

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

Japan’s Uniqlo opens Rome store as part of European expansion

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LVMH’s first quarter sales growth slips to 3% on luxury slowdown

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