Over the last year, Peloton, Saks, Express and Bath & Body Works have often failed to pay vendors on time, a sign they could be […]
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Ford to delay all-electric SUV, truck to focus on offering hybrid vehicles across its lineup by 2030
The Detroit automaker said it will continue to invest in EVs, including the three-row SUV, but it is postponing its production to allow the market […]
Continue readingDisney beat back activist investor Nelson Peltz. Now the real work begins
Disney CEO Bob Iger has a year to show investors they were right to back him and the board over Trian Partners’ Nelson Peltz.
Continue readingNearly half of Levi’s sales are happening online and in its shops, a shift as department stores fade
Levi Strauss is now doing nearly half of its sales through its own website and stores, the company said when reporting fiscal first quarter earnings.
Continue readingDisney shareholders to decide Nelson Peltz’s board fate at annual meeting
Trian Capital has waged a proxy fight against Disney to land two board seats. Disney shareholders will vote yes or no at Wednesday’s board meeting.
Continue readingUlta shares fall as CEO warns beauty demand is slowing
The beauty retailer Ulta’s CEO Dave Kimbell said sales are still growing, but at a slower-than-expected rate.
Continue readingDisney’s largest shareholder Vanguard reportedly backing management over Peltz in board fight
Vanguard has voted for Disney management ahead of Wednesday’s shareholder meeting, Bloomberg News reported citing people familiar with the matter.
Continue readingPrivate equity firm Silver Lake to take entertainment company Endeavor private at $27.50 a share
Private equity firm Silver Lake announced Tuesday that it’s acquiring entertainment company Endeavor Group Holdings for $27.50 a share.
Continue readingGM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers
The Detroit automaker said the decline was largely due to a 22.9% year-over-year decline in sales to fleet customers.
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