Restructuring

Trump’s Tariff Threats Hang Over Young Arnault’s Mission To Fix LVMH Drinks Unit

Alexandre Arnault is taking a key role at LVMH's $6 billion wine and spirits business just as US President Donald Trump risks unleashing a trade war.

Estée Lauder Forecasts Bleak Quarterly Profit, To Cut Up To 7,000 Jobs

Estée Lauder forecast third-quarter profit well below estimates, while also expanding its restructuring plan to include up to 7,000 job cuts.

Starbucks Reports Smaller-Than-Expected Sales Decline As Turnaround Takes Root

Starbucks reported a smaller-than-expected fall in first-quarter comparable sales, in early signs that the coffee chain was benefiting from CEO Brian Nicco...

REWE Group’s Deputy Chief Executive Jan Kunath To Step Down

Jan Kunath, the deputy chief executive officer of Germany's REWE Group, has decided to leave the company at the end of 2025.

Barry Callebaut Posts Lower Volumes As Cocoa Prices Soar

Chocolate maker and cocoa processor Barry Callebaut has reported a lower sales volume than expected for its first quarter.

Brown-Forman To Trim Around 12% Of Global Workforce

Brown-Forman has announced plans to lay off about 12% of its global workforce of 5,400 employees, as the Jack Daniel's maker looks to reduce costs amid wea...

Greenyard Delivers ‘Solid’ Top-Line Performance In H1 2024/25

Fresh produce firm Greenyard has reported 'solid' topline growth in the first half of its financial year with an increase in net sales and adjusted EBITDA.