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1 week ago | 
gazette.com | Pushkala Aripaka |Anuja Bharat Mistry
By Pushkala Aripaka and Anuja Bharat Mistry(Reuters) -U.S. meal delivery firm DoorDash will buy Deliveroo in a deal valuing the British rival at about 2.9 billion pounds ($3.85 billion), the companies said, banking on a bigger reach and local expertise to take on competition. Separately on Tuesday, DoorDash said it would buy SevenRooms, a New York City-based hospitality-related software company, for about $1.2 billion.
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1 month ago | 
money.usnews.com | Ananya Mariam Rajesh |Anuja Bharat Mistry
By Ananya Mariam Rajesh and Anuja Bharat Mistry(Reuters) - Capri Holdings may have to let go of its image as a luxury fashion house and bank on mid-tier pricing as well as a partnership with Amazon.com for its Michael Kors brand following its $1.4 billion sale of Versace to Prada.
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1 month ago | 
today.westlaw.com | Anil D'Silva |Anuja Bharat Mistry |Shounak Dasgupta
(Reuters) -KFC parent Yum Brands said on Monday that CEO David Gibbs would retire next year after more than five years in the role. The board has established a succession planning committee to appoint the next CEO, Yum Brands said, adding Gibbs would...
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2 months ago | 
usatoday.com | Anuja Bharat Mistry |Bhanvi Satija
Albertsons ACI.N said on Monday its CEO Vivek Sankaran will retire and insider Susan Morris would assume the top role, as the supermarket chain shifts focus to build its digital sales and retail media business. Sankaran, who took over the helm in 2019, led the company through its scuttled merger with Kroger KR.N. Albertsons sued Kroger in December, alleging a breach of contract that led to the demise of a planned $25 billion deal.
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2 months ago | 
insideretail.us | Anuja Bharat Mistry |Alan Barona |Tong Van |Celene Ignacio
Grubhub CEO Howard Migdal said on Friday that the food delivery firm has decided to cut about 500 jobs, as it focuses on aligning its business with Wonder after the takeover was completed last month. Grubhub was bought last year by a food delivery startup Wonder, led by Walmart’s former executive Marc Lore. As of 2024, Grubhub had more than 2,200 full-time employees. The layoffs represent more than 20% of the company’s workforce.
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2 months ago | 
insideretail.asia | Anuja Bharat Mistry |Shailesh Kuber |Celene Ignacio |Tong Van
Restaurant Brands International said on Tuesday it has bought stakes in Burger King China from its local franchisee for about US$158 million, giving it nearly total ownership of the business. The fast food chain operator said it would engage its advisors to work on identifying a new local partner to invest into the business.
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2 months ago | 
gurutrade.com | Anuja Bharat Mistry |Shailesh Kuber
Feb 18 (Reuters) - Restaurant Brands International said on Tuesday it has bought stakes in Burger King China from its local franchisee for about $158 million, giving it nearly total ownership of the business.
The fast food chain operator said it would engage its advisors to work on identifying a new local partner to invest into the business.
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Dec 6, 2024 | 
kfgo.com | Anuja Bharat Mistry
By Anuja Bharat Mistry(Reuters) -Kohl’s CEO Tom Kingsbury will step down after less than two years at the helm, paving the way for former Walmart executive Ashley Buchanan to take on the role as the department store chain looks to execute a turnaround. The company announced the transition on the eve of its third-quarter earnings report, noting that Kingsbury will remain in an advisory role and retain his board seat until he retires in May. Kohl’s shares fell nearly 5% after market close.
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Dec 6, 2024 | 
msn.com | Anuja Bharat Mistry
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Dec 6, 2024 | 
kfgo.com | Anuja Bharat Mistry
By Anuja Bharat Mistry(Reuters) – Lululemon Athletica shares jumped about 17% in early trading on Friday as an upbeat annual forecast raised investor optimism for a robust holiday quarter and prompted Wall Street to take a more bullish view on the stock. The athleisure maker has refreshed its clothing line with trendier styles to attract younger shoppers and keep up with stiff competition from newer brands such as Vuori and Alo.
