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For the First Time in Dubai Two Restaurants are Awarded Three MICHELIN Stars
Globenewswire· 2025-05-22 22:59
Core Insights - The MICHELIN Guide Dubai 2025 recognizes a total of 119 establishments across over 35 cuisine types, highlighting the city's vibrant culinary scene [1][3][22] - This edition includes two new One MICHELIN Star restaurants and two new Three MICHELIN Star restaurants, along with five new Bib Gourmand establishments [2][11][27] Group 1: MICHELIN Star Awards - Trèsind Studio achieves Three MICHELIN Stars, becoming the first Indian restaurant globally to receive this accolade [3][9][11] - FZN by Björn Frantzén is awarded Three MICHELIN Stars in its debut year, showcasing a blend of Scandinavian and Asian influences [8][11] - The total count of restaurants with Three MICHELIN Stars in Dubai now stands at two, marking a significant milestone for the city's culinary landscape [7][27] Group 2: New Additions and Recognitions - The 2025 selection includes two new One MICHELIN Star restaurants: Jamavar and Manāo, bringing the total to fourteen restaurants with this distinction [13][14][27] - Five new restaurants are added to the Bib Gourmand category, which recognizes establishments offering high-quality food at reasonable prices [15][27] Group 3: Special Awards and Acknowledgments - The Opening of the Year Award goes to Ronin, recognized for its contemporary Japanese dining experience [16] - The Sommelier Award is presented to Shiv Menon of Boca restaurant for his exceptional wine knowledge and sustainable practices [17] - The Young Chef Award is given to Chef Abhiraj Khatwani of Manāo, acknowledging his culinary skills and dedication to authentic Thai cuisine [19] Group 4: Industry Impact - The MICHELIN Guide's presence in Dubai is seen as a catalyst for the city's growth as a global gastronomic destination, enhancing its appeal and economic growth [4][6][22] - The diversity of the culinary offerings reflects the multicultural fabric of Dubai, with contributions from chefs and restaurateurs of various nationalities [6][22]
Correction: Michelin: Annual Shareholders Meeting of May 16, 2025
Globenewswire· 2025-05-16 14:23
Clermont-Ferrand – May 16, 2025 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Annual Shareholders Meeting of May 16, 2025 The Annual Shareholders Meeting of the Michelin Group was held today in Clermont-Ferrand under the chairmanship of Florent Menegaux, Managing Chairman. The event was webcast live on the Company’s website https://www.michelin.com. All of the resolutions submitted for shareholder approval were adopted, including, in particular: the payment of a dividend of €1.38 per share, payable in c ...
Michelin: Annual Shareholders Meeting of May 16, 2024
Globenewswire· 2025-05-16 14:17
Core Points - The Annual Shareholders Meeting of Michelin Group emphasized the need for agility and the importance of the "Michelin in Motion 2030" strategy to navigate recent crises and prepare for future challenges [2][6] - The meeting showcased various innovations, including the new MICHELIN CrossClimate 3 and MICHELIN CrossClimate 3 Sport tires, and an airless tire designed for NASA's ARTEMIS program [3][5] - The "Manufacture des Talents" initiative was highlighted as a significant example of social innovation, serving over 130,000 students and promoting employee development [4][6] Resolutions and Financials - All resolutions submitted for shareholder approval were adopted, including a dividend payment of €1.38 per share, effective from May 23, 2025 [9] - The re-election of Wolf-Henning Scheider to the Supervisory Board and the approval of 2024 compensation packages for management were also confirmed [9] Future Outlook - The company reported progress in its "Michelin in Motion 2030" strategy, with over 10 new product ranges launched and 245 patents filed in the previous year, indicating a strong commitment to innovation and customer experience [6]
Gen Digital: MoneyLion Lawsuit Could Hinder Momentum
Seeking Alpha· 2025-05-13 03:57
Core Insights - Gen Digital Inc. reported fiscal Q4 earnings on May 6, indicating stable growth in both revenue and net income, marking a solid conclusion to FY2025 [1] - The acquisition of MoneyLion has been completed, and the company is now focused on integrating this new business into its operations [1] Financial Performance - The earnings report reflects a consistent performance in the company's financials, showcasing both top-line and bottom-line growth [1] Strategic Moves - The completion of the MoneyLion acquisition is a significant strategic development for Gen Digital, as it aims to enhance its business operations through integration [1]
Michelin: Group sales down 1.9% due to lower Original Equipment, partly offset by a significantly improved mix. In a highly volatile environment, the Group tightens up its steering and keeps its 2025 guidance unchanged.
Globenewswire· 2025-04-24 15:45
Clermont-Ferrand – April 24, 2025 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the three months ended March 31, 2025 Group sales were down 1.9% due to lower Original Equipment volumes, partly offset by a significantly improved mix. In a highly volatile environment shaped by geopolitical and macro-economic uncertainties, the Group tightens up its steering and keeps its 2025 guidance unchanged. Consolidated sales for the quarter down 1.9% at €6.5 billion Volumes were down 7.3% due t ...
MoneyLion Inc. (ML) Flat As Market Sinks: What You Should Know
ZACKS· 2025-04-21 23:06
Company Performance - MoneyLion Inc. ended the recent trading session at $85.90, showing no change from the previous day's closing price, while the S&P 500, Dow, and Nasdaq experienced losses of 2.36%, 2.48%, and 2.55% respectively [1] - Over the past month, shares of MoneyLion Inc. have decreased by 2.07%, compared to a 1.14% loss in the Business Services sector and a 5.6% loss in the S&P 500 [1] Earnings Projections - MoneyLion Inc. is projected to report earnings of $0.98 per share, reflecting a year-over-year growth of 63.33%, with revenue expected to be $156.61 million, indicating a 29.41% growth compared to the same quarter last year [2] - For the entire fiscal year, earnings are projected at $3.05 per share and revenue at $665.17 million, representing increases of 301.32% and 21.85% respectively from the prior year [3] Analyst Estimates - Recent changes to analyst estimates for MoneyLion Inc. suggest a shifting business landscape, with positive revisions indicating analysts' confidence in the company's performance and profit potential [4] - The Zacks Consensus EPS estimate has remained stagnant over the past month, and MoneyLion Inc. currently holds a Zacks Rank of 5 (Strong Sell) [6] Valuation Metrics - MoneyLion Inc. has a Forward P/E ratio of 28.21, which is a premium compared to its industry's Forward P/E of 14.61 [6] Industry Context - The Financial Transaction Services industry, part of the Business Services sector, has a Zacks Industry Rank of 88, placing it in the top 36% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Michelin: Publication of the preparatory documentation for the Annual Shareholders Meeting of May 16, 2025
Globenewswire· 2025-04-18 07:00
Group 1 - The Annual Shareholders Meeting of Michelin is scheduled for May 16, 2025, at Zénith d'Auvergne, France [2] - Shareholders will receive a notice of meeting that includes a voting form, agenda, resolutions for approval, and participation details [3] - Documentation related to the meeting is available on Michelin's website and can also be requested from the Company [4] Group 2 - The event will be broadcast live in both French and English on the Company's website, with a replay available for two years [4] - Key dates in the investor calendar include the quarterly information release on April 24, 2025, and the dividend payment date on May 23, 2025 [7]
Gen Completes Acquisition of MoneyLion, Accelerating the Company's Leadership in Financial Wellness
Prnewswire· 2025-04-17 13:00
Core Insights - Gen Digital Inc. has successfully completed the acquisition of MoneyLion Inc. for $82.00 per share, totaling approximately $1 billion, which enhances Gen's leadership in financial wellness [1] - The acquisition aims to empower consumers to manage and protect their digital and financial lives through a combination of Gen's Consumer Cyber Safety Platform and MoneyLion's financial ecosystem [1] - MoneyLion shareholders will receive a contingent value right (CVR) offering a potential additional payment of $23.00 in Gen common stock, contingent on specific performance criteria [1] Company Overview - Gen Digital Inc. is a global leader focused on Digital Freedom, offering trusted consumer brands such as Norton, Avast, LifeLock, and MoneyLion, aimed at providing financial empowerment and cyber safety [3] - The company serves nearly 500 million users across more than 150 countries, delivering award-winning products and services in cybersecurity, online privacy, identity protection, and financial wellness [3] Future Plans - Gen will discuss its expanded financial wellness offerings during its Fiscal 2025 Q4 and Full-Year Earnings Call scheduled for May 6, 2025 [2]
New York Sues DailyPay and MoneyLion, Alleging Abusive Lending Practices
PYMNTS.com· 2025-04-14 23:47
Core Viewpoint - The New York State Attorney General has filed lawsuits against earned wage access providers DailyPay and MoneyLion, accusing them of illegal and deceptive practices akin to payday lending, with fees leading to annual interest rates as high as 750% [1][2]. Group 1: Legal Allegations - The lawsuits claim that the companies employ abusive tactics to encourage borrowers to take out new loans to cover previous debts [2]. - The Attorney General stated that these companies profit significantly by taking advantage of workers' wages, emphasizing that New Yorkers should retain their earned income rather than fall victim to predatory lending [2]. Group 2: Company Responses - DailyPay has filed a lawsuit seeking declaratory relief against the New York State Attorney General, arguing that its services do not constitute loans and thus are not subject to state usury laws [3]. - DailyPay's Chief Legal and Strategy Officer highlighted that other states have implemented consumer protection legislation for earned wage access services, suggesting that the Attorney General's actions may push consumers towards more harmful financial options [4]. Group 3: Legal Objectives - The lawsuits aim to terminate the payday lending practices of these companies in New York, seek restitution for affected borrowers, and impose civil penalties and costs [5].
Michelin: Standard & Poor’s upgrades Michelin’s Long-Term rating by one notch to 'A', with a Stable outlook
Globenewswire· 2025-04-01 08:00
Core Viewpoint - Standard & Poor's has upgraded Michelin's Long-Term Issuer Default Rating from 'A-' to 'A' with a Stable outlook, reflecting confidence in the company's financial stability and performance [1][3]. Group 1: Rating Upgrade - The upgrade by Standard & Poor's is part of a trend, following similar upgrades by Fitch and Moody's, indicating a positive shift in Michelin's creditworthiness [3]. - The agency anticipates that Michelin will maintain a very strong balance sheet in 2025 and 2026, supported by strong profitability and solid free operating cash flow [2]. Group 2: Financial Resilience - Michelin's credit metrics are expected to remain resilient even in scenarios of prolonged tariff implementation, due to its high degree of local production in the U.S. and its ability to pass through higher costs [2].