Gucci owner Kering turns to Renault CEO in turnaround bid
Kering is set to name the chief executive officer of Renault as its next CEO, looking to an Italian manager who’s turned around the French automaker to perform a similar role at the owner…
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Turnaround
Starbucks reshuffles leadership to accelerate turnaround bid
Starbucks is reorganising part of its senior ranks, looking to speed up plans to reverse a sales slump. Mike Grams, hired last year as head of North America stores, will become chief…
Nomura’s China losses narrow as brokerage seeks turnaround
Nomura Holdings posted a smaller loss at its joint venture in China last year, as the brokerage seeks to turn around the business in the face of slowing growth and trade tensions. Net loss…
Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is seeing progress on its turnaround strategy, its chief…
Starbucks says turnaround on track as sales decline persists
Starbucks’ chief executive officer said he’s confident the company’s turnaround is progressing even though a key gauge of sales declined faster than expected in the latest quarter.…
Coupang Says Farfetch Turnaround Is Taking Root
LONDON— Farfetch turned a profit in the fourth quarter of 2024 and parent Coupang is confident that its turnaround strategy for the once-ailing company is taking root. Coupang, a Fortune…
‘Worst is over’: Analysts bullish on Raffles Medical’s potential China turnaround; Maybank upgrades to ‘buy’
ANALYSTS have raised their target prices on private healthcare provider Raffles Medical amid expectations of an earnings recovery, which could be accelerated by a potential turnaround in…
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 hopes and sent shares lower when a top executive predicted…
Boeing CEO presses turnaround at embattled planemaker as contract vote looms
BOEING CEO Kelly Ortberg laid out a turnaround plan on Wednesday (Oct 23), including a push for a “fundamental culture change,” as the struggling planemaker grapples with a crippling…
Boeing CEO presses turnaround as loss balloons to US$6 billion
BOEING CEO Kelly Ortberg laid out a turnaround plan on Wednesday (Oct 23), calling for a “fundamental culture change” at the struggling planemaker as its quarterly losses surged to US$6…
German Cabinet passes 2025 budget, hailing 'economic turnaround'
Germany's Cabinet on Wednesday finalized the 2025 budget after weeks of wrangling, sending the €480.6 billion ($526 billion) package to parliament for approval. The budget has been the…