MILAN – Kering chief executive officer Luca de Meo is expected to meet Italian unions on Feb. 5 to discuss the future of the Alexander McQueen company in the country. “To reach break even, in the shortest timeframe possible, the company has announced a restructuring plan that forecasts redundancies equal to one third of the total workforce and the reorganization of the production processes to reduce costs,” said unions Filctem Cgil, Femca Cisl and Uiltec Uil in a statement on Wednesday. More from WWD The ...

Citigroup Inc. (C), headquartered in New York City, is a global financial services giant. It operates worldwide, offering institutional banking, personal banking, wealth management, and credit card services. The company has a market capitalization of $205.44 billion. Citigroup is undergoing a broad restructuring under CEO Jane Fraser, aiming to reduce headcount by 20,000 by the end of 2026. This month, the company announced 1,000 job cuts as part of this restructuring plan. As margins have been supported, ...

Core Viewpoint - United Parcel Service (UPS) is undergoing a significant restructuring that will result in the elimination of up to 30,000 jobs in 2023, highlighting the financial impact of its separation from Amazon amid increasing competition [1] Company Summary - UPS is implementing a major restructuring plan that includes cutting up to 30,000 jobs this year [1] - The separation from Amazon has proven to be costly for UPS, indicating challenges in maintaining profitability and competitiveness [1] Industry Summary - The logistics and delivery industry is facing intensified competition, which is influencing companies like UPS to make drastic operational changes [1] - The restructuring efforts by UPS reflect broader trends in the industry as companies adapt to evolving market conditions and competitive pressures [1]

TORONTO--(BUSINESS WIRE)--Jack Nathan Medical Corp. (TSXV: JNH; Pink Limited: JNHMF) (the "Company†) today announced a leadership transition and strategic alignment designed to support the Company's next phase of growth, balance sheet optimisation, and evaluation of value-enhancing strategic transactions. Mike Marchelletta will be stepping down as Chief Executive Officer and Vice-Chairman, effective immediately, to lead a prospective investor syndicate evaluating a potential strategic transaction involvin ...

As WWD reported, “critical” vendors are being determined. They will receive DIP numbers setting them up for prioritized payments, as part of the pool of “go-forward” vendors. DIP numbers enable post-petition shippers to get paid on a new schedule to be determined by the court. With these DIP numbers, merchandise to Saks, Neiman’s and Bergdorf Goodman could arrive relatively quickly, since many vendors held back shipments to Saks Global last year as the luxury retailer failed to meet commitments and the busi ...

Core Viewpoint - Small investors in Germany are expressing frustration over being excluded from opportunities to invest in companies undergoing restructuring, which has resulted in their total loss of investment [1][2][3]. Group 1: Company Restructuring - Companies like Varta AG, Leoni AG, and Mynaric AG have utilized the StaRUG process for debt restructuring, leading to the complete loss of equity for small shareholders [1][2]. - In these restructuring efforts, only major shareholders and creditors were allowed to contribute new capital, leaving minority investors feeling marginalized and indignant [2][3]. Group 2: Legal and Expert Opinions - Small investors are seeking intervention from Germany's constitutional court to address their grievances regarding exclusion from new capital opportunities [3]. - Restructuring experts highlight that investing in distressed companies is inherently risky, and the existing investments of small shareholders are often rendered worthless [4]. Group 3: Advocacy for Small Shareholders - Advocates argue that small shareholders should have the opportunity to participate in potential recoveries, citing the example of BayWa AG, which allowed ordinary shareholders to contribute during its restructuring [5]. - The inclusion of small shareholders in recovery efforts is viewed positively, as it acknowledges their loyalty to the company [6].

Auri Inc ("AURI") New revenues with Company and Subsidiaries Growth Activities and new initiatives. DALLAS, TX / ACCESS Newswire / January 5, 2026 / Auri Inc, ("OTCID:AURI") a cutting-edge driven incubating holding company releases further update to its progress in the company's efforts to restructure and grow its subsidiary companies with new business operations and assets. ...

Group 1 - The last three months have been challenging for CONMED as management is undergoing restructuring efforts to address significant supply challenges and reposition the company over time [1]

Core Viewpoint - Advance Auto Parts is undergoing a three-year restructuring plan that shows early signs of progress despite challenging market conditions, with shares rising by 10.1% in November following positive analyst upgrades after the third earnings report [1][2]. Company Performance - The investment case for Advance Auto Parts is based on its value proposition compared to peers like O'Reilly Automotive and AutoZone, suggesting significant upside potential if operational performance improves [2]. - Historical performance has been poor, indicating a need for management to turn the situation around [3][5]. Management and Strategy - CEO Shane O'Kelly, appointed in September 2023, faces challenges in inventory management and logistics, crucial for the auto parts retailing business [6]. - O'Kelly's plans include a fundamental rethink of the business model, involving the closure of 700 stores and four distribution centers, and the establishment of larger "market hub" stores to ensure reliable inventory for professional customers [8]. Financial Outlook - The company is on track for comparable same-store sales growth of about 1% in 2025, with an operating income margin of approximately 2.5%, marking an improvement from a decline of 0.7% in 2024 and a significant operating loss of $713 million [10]. - Investors are cautiously optimistic about the potential for a genuine turnaround this time [11].

Core Insights - Stadium Capital Management has completely exited its position in Grocery Outlet Holding Corp, selling 877,860 shares valued at approximately $10.9 million, which previously represented 10% of the fund's assets under management (AUM) [1][2][3] Company Overview - Grocery Outlet Holding Corp operates a network of independently run discount grocery stores in the U.S., focusing on a flexible sourcing strategy to offer value-priced products [5] - The company reported a total revenue of $4.6 billion and a net income of -$4.4 million for the trailing twelve months (TTM) [4] - As of the latest market close, Grocery Outlet's shares were priced at $11.13, reflecting a 48% decline over the past year, significantly underperforming the S&P 500, which increased by 14% during the same period [3][4] Financial Performance - In the latest quarter, Grocery Outlet's net sales increased by 5.4% to $1.2 billion, but net income fell by over 50% to $11.6 million, with adjusted EBITDA decreasing to $66.7 million, or 5.7% of sales [6] - The company's market capitalization stands at $1.1 billion [4] Market Position and Strategy - The exit by Stadium Capital indicates a shift in investor confidence regarding Grocery Outlet's turnaround timeline, as the company is currently navigating a significant restructuring plan and facing challenges such as softer comparable-store sales and increased selling, general, and administrative (SG&A) expenses [6][7] - Management is implementing a refresh program aimed at revitalizing growth, with initial pilot results being promising, although broader execution carries risks amid ongoing cost pressures [8]