Saks Off 5th is closing the majority of its stores, including two in New York's Lower Hudson Valley, as parent company Saks Global Enterprises pivots to focus on its core luxury retail business. The move follows recent leadership changes and a major financial restructuring.
Darden Restaurants is winding down its Bahama Breeze brand, closing 14 locations and converting another 14 to other concepts within its portfolio, as the casual dining sector continues to face significant headwinds.
After years of high-stakes drama, false starts, and a brief, turbulent reign, The Walt Disney Company has finally named its next leader. Theme parks chief Josh D'Amaro is set to take the helm, marking the end of Bob Iger's prolonged and interrupted exit and opening a new chapter for the entertainment giant.
CEC Entertainment, parent company of Chuck E. Cheese and Peter Piper Pizza, announces CFO Scott Drake will assume the CEO and president roles effective February 13, succeeding David McKillips as the 'eatertainment' giant accelerates its expansion plans.
The Walt Disney Company has named Josh D’Amaro as its next Chief Executive Officer and Dana Walden as President and Chief Creative Officer, finalizing a long-awaited succession plan. The moves, effective March 18, position two seasoned insiders to lead the media giant into its next chapter as Bob Iger transitions to a senior advisory role.
US private equity giant Advent International is set to acquire a 14.3% stake in Aditya Birla Housing Finance Ltd. in a deal valuing the investment at $304 million, pending regulatory and shareholder approvals.
First Brands Group, parent of Cardone Industries, closes facilities in Harlingen and Arlington as bankruptcy and federal fraud charges against former executives unravel the company, leaving Texas workers out of work.
Devon Energy's decision to relocate its corporate headquarters from Oklahoma City to Houston is the most recent chapter in a decades-long trend of energy giants leaving the state, eroding its once-dominant position as a central hub of the American oil and gas industry.
Mark Epstein refutes claims that his late brother Jeffrey fathered a child, calling an email from Sarah Ferguson referencing a 'baby boy' a case of mistaken identity. The denial comes as millions of pages from the financier's files are made public.
Even as Berkshire Hathaway enters a new chapter, the enduring value of Warren Buffett's investment philosophy shines through in two financial sector holdings—Ally Financial and Jefferies Financial—that analysts see as compelling opportunities this February.
Emerging from bankruptcy ashes, the 52-year-old Bed Bath & Beyond brand is executing a radical pivot, acquiring Tokens.com to build a platform for tokenized real estate and asset-backed finance—a stark departure from its big-box retail roots.
Following a significant boardroom reshuffle and a strategic overhaul of its sales divisions, Japanese paper giant Hokuetsu (TSE:3865) finds itself at a critical juncture. With its stock showing signs of undervaluation against a backdrop of volatile returns, investors are weighing the potential of its new direction against the risks of execution.
The Texas-based independent theater chain LOOK Dine-In Cinemas has permanently closed its doors in Downey, Redlands, and Monrovia, leaving employees jobless and highlighting the ongoing struggles of mid-sized cinema operators against shifting consumer habits and streaming dominance.
While its metaverse venture stumbles, Meta Platforms' core advertising engine and strategic shift toward artificial intelligence are convincing analysts it remains the top contender for outperformance among tech's elite group by 2026.
After a tumultuous period of bankruptcy and closures, TGI Fridays CEO Ray Blanchette is steering a deeply personal turnaround. Early results from holiday pop-ups and a revamped brand voice show promise, but the road to 1,000 restaurants remains steep.
Abbott Laboratories moves to acquire cancer-testing leader Exact Sciences in a landmark deal, signaling a strategic shift toward high-growth diagnostics while simultaneously restructuring its challenged Nutrition business.
The French government has secured parliamentary approval for its 2026 budget, ending a months-long impasse after Prime Minister Sebastien Lecornu weathered a series of no-confidence motions. The passage followed strategic concessions to the Socialist party, a key swing bloc.
Federal prosecutors have charged the founders of the once-dominant auto parts supplier First Brands Group with orchestrating a massive, years-long fraud, alleging a scheme that misled lenders and ultimately led to the company's catastrophic bankruptcy, sending shockwaves through the industry.
In his first interview as Executive Chairman, Gildo Zegna outlines a strategy of agility and direct consumer engagement to navigate global uncertainties, as the group reports resilient 2025 results driven by its flagship brand.
McIlhenny Company, maker of Tabasco sauce, has sued Stoli Group USA, claiming the vodka giant's new 'Halapeño Pepper Vodka' unlawfully mimics the iconic hot sauce's packaging—a design initially proposed during failed partnership talks. The legal action intensifies as Tabasco launches its own competing spirit in collaboration with Absolut.
