All articles tagged with #moelis and co
Ken Moelis, founder and CEO of Moelis & Co., plans to step down and become executive chairman, with Navid Mahmoodzadegan set to succeed him as CEO, ensuring a smooth leadership transition at the $4.6 billion investment bank.
Tupperware Brands Corp has enlisted investment bank Moelis & Co to explore strategic alternatives as it struggles with declining sales and rising competition from cheaper food storage containers. The company has also found additional prior period misstatements in its financial reporting. Tupperware has warned of a possible bankruptcy and expects a "material decline" in revenues for the first quarter. The company has appointed a chief restructuring officer and has been slow to pivot to e-commerce sales.