Last week, Bay Harbor Islands, Fla.-based hedge fund ESL Investments unveiled a plan to rescue one of the icons of American retail: Sears Holdings Corp., which owns the Sears and Kmart brands. However, experts warn that ESL likely stands to gain more from the restructuring than Sears Holdings, and they note there is a potentially…
(Corrects Oct. 1 story to remove reference in second paragraph to Brexit uncertainty, which the company has said was a view held by its previous, not current, management team) Oct 1 (Reuters) – British outsourcing firm Mitie Group Plc said on Monday it would sell its pest control business to Rentokil Initial Plc for 40…
When Under Armour (NYSE: UA)(NYSE: UAA) told investors in late July that the cost of its ongoing business restructuring would be higher than initially expected, shares plunged more than 13% over the next few days in response. Early Thursday, however, the performance apparel and footwear specialist increased the price of that restructuring yet again —…
When Under Armour (NYSE:UA)(NYSE:UAA) told investors in late July that the cost of its ongoing business restructuring would be higher than initially expected, shares plunged more than 13% over the next few days in response. Early Thursday, however, the performance apparel and footwear specialist increased the price of that restructuring yet again — only this…
Under Armour said Thursday that it will spend $US10 million on severance payments not previously reported as it works to reduce its global workforce by 3% Its the second round of layoffs in the past year for the struggling athletic brand, which cut about 140 jobs at its Baltimore headquarters last August, when it first…
BALTIMORE, Sept. 20, 2018 /PRNewswire/ — Under Armour, Inc. (NYSE: UA, UAA) today announced an update to its 2018 restructuring plan based on an organizational and process redesign intended to optimize the company’s strategic growth initiatives and overall business performance. Previously, the company expected to incur total estimated pre-tax restructuring and related charges of approximately $190…
Gateley Plc, the legal business of law-led professional services group Gateley, is bringing together a group of heavyweight speakers and thought leaders to explore how businesses need to build resilience in order to survive and be successful in an increasingly uncertain world. The conference will be delivered in partnership with TheBusinessDesk .com and the Confederation…
‘Not Aimed at Reducing Cost Base’ Inchausti said the R&D restructuring was not aimed at reducing our cost base. On the contrary, our R&D to sales ratio in 2019 remains stable. Thomsen told Reuters the company expects to spend more on research and development this year than the DKK 14.014 billion ($2.199 billion) it spent…
Nokia will cut 500 jobs in the companys Naperville, Illinois, office by year-end as part of the companys restructuring plan. According to a report in Crains Chicago Business, citing unidentified sources, about 250 people were notified earlier this month that their jobs were eliminated and another 250 staff members will be cut by the end…
Tue, Sep 18, 2018 – 5:50 AM Singapore THE board of the “New Noble” – a fresh company which will emerge on the Singapore Exchange out of a complex US$3.5 billion debt revamp of troubled commodities trader Noble Group – will begin with a clean slate of eight or nine directors, mostly based in the…