In a statement Carlos Tavares, the CEO of automaker Stellantis said he expects India to be a profitable market and a big growth opportunity. Stellantis, which sells its Citroen and Jeep brands in India, expects revenues from India to more than… Read More ›
In a significant development, Anheuser-Busch InBev CEO Carlos Brito is set to step down from the company in July; he will be replaced by the head of the company’s North America division. The development comes at a time when AB InBev,… Read More ›
Secondhand clothing retailer ThredUp Inc has filed for a IPO disclosing a bigger than expected full-year loss ahead of its market debut. ThredUp Inc has the backing of Goldman Sachs. According to its filings, ThredUp, which was founded in 2009,… Read More ›
Basing itself on its quarterly earnings, which beat estimates based on strong demand for its home appliances from people stuck at home due to the coronavirus-induced COVID-19 pandemic, Whirlpool Corp has forecast a 2021 profit above analysts’ expectations. Demand for… Read More ›
On Wednesday, French carmaker PSA stated, it has appointed two executives that it had recently recruited from the Renault-Nissan-Mitsubishi alliance to head its DS and Citroen brands. Both executives have been named to its global executive committee. PSA said Beatrice… Read More ›
Arnott’s Biscuits is a brand that belongs to Campbell Soup Co. This is the second time in a week, that an offshore business has acquired an Australian food and drink business. According to a report from the Australian Financial Review,… Read More ›
The restructuring plan includes a write down of nearly $3 billion of its intangible assets. In a significant development, Coty Inc announced that it would overhaul its operations and write down nearly $3 billion of its intangible assets. The move… Read More ›
Employees at the plant can apply for open positions at other sites. In a statement Unilever said, it would be closing its ice cream manufacturing facility in Henderson, Nevada. As a result of this closure, 300 people are likely to… Read More ›
This is a must read for those looking to purchase a car. In what is likely to be an eye opener, an annual ranking exercise by researcher J.D. Power revealed that South Korean brands have once again demonstrated their best… Read More ›
Despite the hit, Mitsubishi UFJ Financial Group Inc (MUFG) has continued to forecast a net profit. On Monday, As per a report from the Nikkei, Japan’s MUFG is set to book a charge of around $893.34 million (100 billion yen)… Read More ›
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