With its stock down almost 50 percent since 2014, the legendary brand is taking a page from its younger competitors.Video provided by Newsy Newslook Ralph Lauren CEO Stefan Larsson plans to close 50 stores and cut 1,000 jobs as part of a restructuring plan to get the business back to profitability.(Photo: Spencer Platt, Getty Images)…
June 7, 2016 4:13 p.m. ET Fairway Group Holdings Corp., a New York supermarket chain that faltered following an ambitious expansion, won court approval on Tuesday for a reorganization plan that will cut its debt load in half. Judge Michael Wiles of the U.S. Bankruptcy Court in Manhattan signed off on the plan a little more than a month after the…
09:22 06 June 2016 Sabah Meddings Jeyes. Picture: Sonya Duncan ARCHANT NORFOLK PHOTOGRAPHIC © 2009 A manufacturer which produces cleaning products for the Queens household has slashed its losses thanks to investment in its US operation. … Read the full article at: http://www.edp24.co.uk/business/thetford_based_jeyes_targets_growth_after_restructuring_programme_1_4564345
Flags with the new logo of ThyssenKrupp flutter in the wind outside the headquarters of the German steel maker and multinational conglomerate in Essen, Germany, April 27, 2016. Reuters/Wolfgang Rattay German industrial group Thyssenkrupp aims to restructure its naval business after losing out on a $40 billion Australian defense contract to French rival DCNS. Australia…
Penfolds owner Treasury Wine Estates is restructuring its winery assets in California with the sale of the Paicines winery and several small vineyards and an expansion of production at the Beringer winery as it pursues $34 million in cost savings in its United States business. The overhaul of the Californian winery assets comes six months after Treasury…
June 2 (Reuters) – * Toshiba Tec to step up restructuring of pos business overseas – Nikkei * Toshiba Tec plans to close units marketing point-of-sales systems,cut jobs in business a cost of about 2 bln yen ($18.4 mln) this fiscal year – Nikkei * Toshiba Tec will shut down eight or nine pos system…
Treasury Wine Estates chief Mike Clarke is restructuring the firm’s Californian operations. Photo: David Mariuz Penfolds owner Treasury Wine Estates is restructuring its winery assets in California with the sale of the Paicines winery and several small vineyards and an expansion of production at the Beringer winery as it pursues $34 million in cost savings in its…
June 2 (Reuters) – * Toshiba Tec to step up restructuring of pos business overseas – Nikkei * Toshiba Tec plans to close units marketing point-of-sales systems,cut jobs in business a cost of about 2 bln yen ($18.4 mln) this fiscal year – Nikkei * Toshiba Tec will shut down eight or nine pos system…
Some of those changes are obvious: there are many new faces in the executive suite since North Tide Capital first pushed for the ouster of then-CEO Ben Leedle. The company has announced a $25 million restructuring effort that includes transition from five markets to two distinct business units, and it recently leased a full floor…
TOKYO — Toshiba Tec plans to close units marketing point-of-sales systems and cut jobs in the business at a cost of roughly 2 billion yen ($18.4 million) this fiscal year. The subsidiary of Japanese conglomerate Toshiba will accelerate reorganization efforts to deal with shrinking investment by U.S. retailers and unfavorable exchange rates. Toshiba Tec will shut…