All articles tagged with #company turnaround
Tim Cook, Apple CEO and Nike board member, bought $3 million worth of Nike shares, nearly doubling his stake, which boosted Nike's stock and signaled support for CEO Elliott Hill's turnaround efforts amid challenges like declining sales in China and tariff impacts.
An investor group including Jana Partners and NFL player Travis Kelce has acquired about 9% of Six Flags and plans to engage with management to improve the company's performance amid significant losses and declining attendance, with shares rallying on the news.
Starbucks is closing around 1% of its stores and laying off 900 corporate employees as part of a $1 billion restructuring effort led by CEO Brian Niccol, aiming to revitalize the struggling coffee chain through store remodels and operational changes.
Chipotle's rapid growth and turnaround under new leadership have come with significant challenges for employees, including declining training quality, poor scheduling practices, high turnover, and unionization efforts, raising questions about the company's evolving workplace culture and treatment of staff.
Boeing is stabilizing under CEO Kelly Ortberg, showing signs of recovery with increased aircraft production, improved delivery schedules, and investor confidence, though challenges like quality issues and delays remain. Ortberg's leadership has been positively received, and the company is working towards higher production rates and new jet development, aiming for profitability and a stronger market position.
Red Lobster, under new CEO Damola Adamolekun, has officially retired its popular but financially damaging Endless Shrimp promotion, focusing instead on menu innovation, value deals, and customer engagement to stabilize and revitalize the brand after emerging from bankruptcy. The company also reassures that U.S. tariffs on imported seafood will not lead to price hikes, as most key seafood is sourced domestically or from exempted regions.
Starbucks corporate employees are required to return to the office four days a week starting in October, with an option for a one-time voluntary exit with a cash payout, as part of the company's efforts to revitalize sales and streamline operations under CEO Brian Niccol.
Walgreens, once a $100 billion giant, has shrunk to a $10 billion private equity target due to failed M&A strategies, retail neglect, and declining pharmacy margins, leading to its acquisition by Sycamore Partners and a potential overhaul of its business model.
Howard Schultz expressed strong support for Starbucks CEO Brian Niccol's 'back to Starbucks' strategy, highlighting his enthusiasm for the company's efforts to revive its culture and sales, and publicly endorsing Niccol's leadership during a key company event.
Trivago's revenue plummeted during the pandemic, but the company is turning around by appointing former interns to leadership roles, emphasizing young talent and a culture that understands Gen Z consumers, leading to a 22% revenue increase in early 2025.