Kering Shares Surge as Renault CEO Set to Join for Turnaround French luxury group Kering is making headlines as its shares experience a significant surge following reports that Luca de Meo, the current CEO of Renault, is set to join the company in the coming days. This move comes as Kering looks to navigate a […]
Procter & Gamble to Cut 7,000 Jobs Over Two Years
Procter & Gamble to Cut 7,000 Jobs Over Two Years Procter & Gamble, the American personal care giant, is set to undergo significant changes in the coming years. With a strategic restructuring program on the horizon, the company has announced its decision to slash 7,000 jobs over the course of two years. This move comes […]
Nordstrom Goes Private in $6.25 Billion Deal
In a significant move signaling a new chapter in retail strategy, the Nordstrom family has decided to take their iconic department store chain private. This announcement, made by the company’s board of directors, highlights an all-cash transaction valued at $6.25 billion, setting the price at $24.25 per share. This transaction marks a critical turning point […]
Lord & Taylor Will Relaunch as an Online Off-Price Retailer
The historic Lord & Taylor department store, which first opened its doors nearly 200 years ago in New York City, is poised for a remarkable transformation under new ownership. This iconic retailer, known for its chic offerings and customer service excellence, will soon emerge with a restructured identity as an online off-price luxury retailer. Anticipated […]