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 ...
Tag: Turnaround
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 ...
Starbucks cuts 1,100 corporate jobs in bid to speed turnaround
STARBUCKS is eliminating 1,100 corporate jobs in a move aimed at increasing efficiency and quickly enacting changes to revitalise the ...
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 ...
Disney raises Bob Iger’s pay by 30%, reflecting turnaround in profit – The Business Times
WALT Disney boosted chief executive officer Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround ...
Adidas seals turnaround year with strong fourth-quarter sales – The Business Times
ADIDAS reported what it said were better than expected preliminary fourth-quarter results on Tuesday (Jan 21), with strong sales and ...
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 ...
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, ...
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 ...
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 ...
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