Fashion
Gucci owner Kering turns to Renault CEO in turnaround bid
Kering is set to name the chief executive officer of Renault as its next CEO, looking to an Italian manager who’s turned around the French…
Tag
Turnaround
Business
Starbucks reshuffles leadership to accelerate turnaround bid
Starbucks is reorganising part of its senior ranks, looking to speed up plans to reverse a sales slump. Mike Grams, hired last year as…
Business
Nomura’s China losses narrow as brokerage seeks turnaround
Nomura Holdings posted a smaller loss at its joint venture in China last year, as the brokerage seeks to turn around the business in the…
Business
Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is…
Business
Starbucks says turnaround on track as sales decline persists
Starbucks’ chief executive officer said he’s confident the company’s turnaround is progressing even though a key gauge of sales declined…
Business
Hooters files for bankruptcy as brand eyes turnaround plan
It listed assets of US$50 million to US$100 million and liabilities in the same range in its petition Hooters of America has filed for…
Business
Renault, Nissan further loosen ties to support Japanese firm's turnaround
Automakers Renault and Nissan said on Monday (Mar 31) they had agreed to further amend their two-decade-old partnership to allow for a…
Fashion
Gucci sales tumble as Kering turnaround fails to take shape
GUCCI quarterly sales tumbled as Kering’s biggest label struggles to emerge from an extended demand downturn. Revenue at Gucci fell 24 per…
Business
Nokia hires Intel’s AI executive as CEO in push for turnaround
NOKIA said it was replacing chief executive officer Pekka Lundmark with Intel’s Justin Hotard in a surprise announcement as the network…
Business
Disney raises Bob Iger’s pay by 30%, reflecting turnaround in profit
WALT Disney boosted chief executive officer Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround of the media…
Business
Nike results beat low expectations; CEO warns turnaround will be a slog
NIKE’S results beat modest estimates on Thursday (Dec 19) and its shares jumped briefly, but the company soon dashed investor hopes and…
Business
Intel CEO Gelsinger leaves as chipmaker’s turnaround flounders
INTEL chief executive officer Pat Gelsinger, who was hired in 2021 to lead an ambitious turnaround of the iconic chipmaker, will leave the…
Culture
Loss-making Burberry puts focus back on outerwear in turnaround plan
BURBERRY will put the focus back on its core trench coats and scarves, be less ambitious with prices for bags and shoes, and use its…
Business
Indonesia weighs switching Garuda CEO as part of turnaround plan
INDONESIA is considering switching the chief executive officer at the Garuda Indonesia airline, part of the new government’s push to…
Business
Intel surges after results spark optimism over turnaround
INTEL gave a fourth-quarter revenue forecast slightly above estimates, sparking optimism that it’s capable of reclaiming some lost market…