MILAN — Denim specialist Dondup and pant-maker PT Torino have named a new chief executive officer, recruited from within the executive ranks of their owner. Mauro Grange, founding partner of the Made in Italy Fund, a private equity group managed by Quadrivio and Pambianco, which own the two brands, is succeeding Matteo Anchisi in the CEO role at both fashion labels. Anchisi had been CEO at Dondup since 2019 and CEO at PT Torino since 2023. More from WWD “I am pleased to personally guide the companies thr ...

Core Insights - Cracker Barrel is undergoing significant changes following a controversial brand revamp that received negative public feedback and disapproval from notable figures [1][2] - The company has ended its engagement with Prophet, the consultancy that advised on the failed rebranding efforts, signaling a shift in strategy [2][6] Company Performance - Cracker Barrel has faced challenges in 2025, with a reported 16% decline in stock value year-to-date, attributed to decreased foot traffic and the backlash from the rebranding [3][5] - Recent initiatives include menu updates, new breakfast specials, and a pause on restaurant remodeling plans, aimed at regaining customer interest [4][6] Market Outlook - Analysts on Wall Street express cautious optimism, with a mean price target for the stock just below $48, indicating a potential 8% increase from recent closing prices [5][6] - The stock has shown recovery potential from its April lows of $34.75, suggesting that there may be room for growth despite the current downturn [5]

Core Insights - Cracker Barrel has decided to abandon its controversial rebranding effort that faced significant public backlash and criticism from notable figures, including President Donald Trump [2][3] - The company has announced leadership changes and has ended its relationship with Prophet, the consultancy that advised on the failed rebranding [3][8] Company Performance - Cracker Barrel has experienced a challenging 2025, with a reported 16% decline in stock value year-to-date, alongside decreased foot traffic in its restaurants [4][6] - Recent initiatives include menu changes, new breakfast specials, and a halt on the new logo and restaurant remodeling plans, indicating a shift towards regaining customer loyalty [5][8] Market Outlook - Wall Street analysts express cautious optimism regarding Cracker Barrel's stock, with a mean price target of just below $48, suggesting potential gains of approximately 8% from recent closing prices [6][8] - The stock has shown some recovery from its 2025 lows of $34.75, indicating a possible positive trend moving forward [6]