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Tag: parent

Amazon Seller Services gets fresh fund infusion of Rs 2,310 cr from parent, Retail News, ET Retail

New Delhi : US-based e-commerce giant Amazon has infused fresh capital to the tune of Rs 2,310 crore into one of its India units, Amazon Seller Services, according to regulatory documents. Amazon Corporate Holdings and Amazon.com.inc have made the Rs 2,310 crore investment in the unit, documents filed with the corporate affairs ministry showed. The …

Amazon Seller Services gets fresh fund infusion of Rs 2,310 cr from parent, Retail News, ET RetailRead More

Amazon Seller Services gets fresh fund infusion of Rs 2,310 cr from parent

US-based e-commerce giant Amazon has infused fresh capital to the tune of Rs 2,310 crore into one of its India units, Amazon Seller Services, according to regulatory documents. Amazon Corporate Holdings and Amazon.com.inc have made the Rs 2,310 crore investment in the unit, documents filed with the corporate affairs ministry showed. According to a PTI …

Amazon Seller Services gets fresh fund infusion of Rs 2,310 cr from parentRead More

Chuck E. Cheese parent files for Chapter 11 bankruptcy

Chuck E Cheese’s restaurant and games in Lakewood, California. Juan Camilo Bernal | Getty Images Chuck E. Cheese’s parent company CEC Entertainment said Thursday it has filed for Chapter 11 bankruptcy protection after venue closures stemming from the coronavirus pandemic roiled its business. The company, which is owned by private equity firm Apollo Global Management, …

Chuck E. Cheese parent files for Chapter 11 bankruptcyRead More

Darden stock jumps as Olive Garden parent cuts executive pay, to-go sales skyrocket

A customer arrives at a Darden Restaurants Inc. Olive Garden location in San Antonio, Texas, U.S., on Thursday, June 14, 2018. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants said Tuesday that it is furloughing some restaurant support center employees and slashing executive pay as same-store sales plummet 39% so far in the fiscal fourth …

Darden stock jumps as Olive Garden parent cuts executive pay, to-go sales skyrocketRead More

Calvin Klein-parent PVH CEO has ‘a great deal of confidence’ in Macy’s

One day after the Macy’s ticker was booted from the S&P 500, the head of a major apparel supplier signaled he has faith in the troubled department chain. Mann Chirico, CEO of PVH, on Wednesday told CNBC’s Jim Cramer that he thinks Macy’s will be able to make it through the pressure that retailers are …

Calvin Klein-parent PVH CEO has ‘a great deal of confidence’ in Macy’sRead More

Burger King’s parent is giving cash advances and rent deferrals to franchisees

Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange, November 6, 2019. Brendan McDermid | Reuters Restaurant Brands International is sending cash to franchisees and deferring rents as part of an effort to support its operators. The coronavirus pandemic has put pressure on …

Burger King’s parent is giving cash advances and rent deferrals to franchiseesRead More

Gucci parent Kering closes half of China stores, takes sales hit from coronavirus

Zhang Peng | LightRocket | Getty Images Gucci owner Kering SA has closed half of its stores in mainland China and the locations that are still open are operating on reduced hours, CEO Francois-Henri Pinault as the company warned investors of a drop in sales. “We have a strong drop in traffic and in sales …

Gucci parent Kering closes half of China stores, takes sales hit from coronavirusRead More

Burger King parent’s stock rises on earnings beat

A Popeyes restaurant is seen on in Washington D.C. Eric Baradat | AFP | Getty Images The return of Popeyes’ chicken sandwich helped parent company Restaurant Brands International top analysts’ expectations for its quarterly earnings and revenue. Shares of the company rose more than 1% in premarket trading on Monday. Here’s what the company reported compared …

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FTC not wild about sale of Harry’s to parent company of rival

The Federal Trade Commission (FTC) sees competitive issues with a proposed acquisition of online shaving products retailer Harry’s Inc. The FTC is authorizing the Bureau of Competition to file suite to enjoin Edgewell Personal Care Company’s (Edgewell is the parent company of Schick’s) proposed $1.37 billion acquisition of what it says is Edgewell’s key competitor, …

FTC not wild about sale of Harry’s to parent company of rivalRead More

Victoria’s Secret-parent L Brands bulls are ‘overzealous’

CNBC’s Jim Cramer said Friday that he is perplexed by the bullish reviews L Brands, the holding company of Victoria’s Secret and Bath & Body Works, has received from the analyst community. Four analysts have turned positive on the downtrodden stock since the beginning of the trading year, forecasting that a shakeup is on the …

Victoria’s Secret-parent L Brands bulls are ‘overzealous’Read More