Restructuring

Brazil's GPA Reports Sharply Narrower Fourth-Quarter Loss

Brazilian food retailer GPA, controlled by France's Casino, reported that its fourth-quarter loss narrowed to 303 million reais ($61.36 million), improving...

Estée Lauder Slashes Annual Profit Forecast, To Cut Jobs

MAC lipstick maker Estée Lauder slashed its annual profit forecast and announced a restructuring programme aimed at cutting about 3% to 5% of its wo...

Logistics, Delivery Heft Could Help Amazon Margins, Profitability

Whether Amazon.com can cash in on its delivery heft by boosting fee revenue from its 'Buy With Prime' service after a 2022 overhaul of its logistics n...

French Finance Minister Vows To Defend Staff At Groupe Casino

French finance minister Bruno Le Maire has vowed to defend staff at debt-ridden supermarket retailer Groupe Casino, amid fears of job losses that could ari...

P&G To Record Up To $2.5bn In Gillette Writedown, Operations Rejig

Procter & Gamble said it would record up to $2.5 billion (€2.3 billion) in charges over two fiscal years as it writes down the value of its Gillet...

Oatly Reports Revenue Growth Of 2.5% In Third Quarter

Swedish oat drinks maker Oatly has reported 2.5% year-on-year growth in revenue to $187.6 million in the third quarter of its financial year.

FrieslandCampina Targets Annual Cost Savings Of €400m To €500m

Dutch dairy cooperative FrieslandCampina aims to achieve annual cost savings in the range of €400 million to €500 million from 2026, by implement...

Juul Plans To Lay Off 30% Of Workforce In Cost-Cut Push, Source Says

Juul Labs is planning to lay off 30% of its workforce, a source familiar with the matter told Reuters, as the e-cigarettes maker aims to reduce its operati...