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Tag: parent

Parent of Papyrus files for bankruptcy

Get great content like this right in your inbox. Subscribe Greeting card and stationery company Schurman Fine Papers is shutting down its retail store operations. The parent company of the Papyrus, American Greetings and Carlton Card store chains has filed for Chapter 11 bankruptcy protection with plans to close all its 254 locations in the U.S. …

Parent of Papyrus files for bankruptcyRead More

Victoria’s Secret parent L Brands shares rise on Barclays upgrade

Barclays is betting “change is afoot” at Victoria’s Secret’s parent company L Brands. The investment bank on Thursday upgraded L Brands shares to overweight from underweight, and gave the retailer’s stock a new price target of $30, double its previous target of $15. L Brands shares were recently up more than 4%, trading around $20.60. …

Victoria’s Secret parent L Brands shares rise on Barclays upgradeRead More

Hard seltzer is ‘here to stay,’ says CEO of Bud Light’s parent

Anheuser Busch InBev is betting on hard seltzer as beer consumption continues to fall in the United States. “It is something that’s profitable, it’s here to stay,” CEO Carlos Brito said on CNBC’s “Squawk Box” on Tuesday. The Bud Light brewer owns Bon & Viv, one of the top three seltzer brands, along with White …

Hard seltzer is ‘here to stay,’ says CEO of Bud Light’s parentRead More

SquareMeal Foods, the parent company of Mirchi & Mime inducts Nilesh Limaye to the Board of Directors

SquareMeal Foods, the parent company of two of Mumbai’s popular restaurants Mirchi and Mime, Madeira and Mime further strengthens its top brass by appointing Nilesh Limaye to the Board of Directors. To support the brand’s expansion plans, Limaye will bring in his expertise and enriching experience in the F&B space. Limaye comes with a diverse …

SquareMeal Foods, the parent company of Mirchi & Mime inducts Nilesh Limaye to the Board of DirectorsRead More

New York & Company parent to ‘rationalize’ real estate; gets NYSE listing notice

RTW Retailwinds, whose portfolio includes the New York & Company and Fashion to Figure businesses, is taking action after a disappointing holiday season. Based upon holiday results, the company expects comparable store sales for the fourth quarter to be down 8% to 10%. The operating loss for the fourth quarter is now expected to reflect …

New York & Company parent to ‘rationalize’ real estate; gets NYSE listing noticeRead More

Victoria Secret’s parent stock falls on weak holiday sales

Pedestrians walk past a Victoria’s Secret store, a subsidiary of L Brands, in New York. Craig Warga | Bloomberg | Getty Images L Brands on Thursday reported shrinking holiday sales, leading the retailer to cut its earnings outlook for fiscal 2019. Shares of the company fell more than 4% in premarket trading. Victoria’s Secret’s parent …

Victoria Secret’s parent stock falls on weak holiday salesRead More

Taco Bell parent is buying Habit Burger to break into fast casual

Source: Habit Burger Grill Yum Brands‘ $375 million acquisition of Habit Restaurants gives the owner of Taco Bell, KFC and Pizza Hut an opportunity to break into the fast-casual industry at a time when fast-food restaurants are struggling. Habit operates Habit Burger Grill, a premium burger chain founded in 1969 with nearly 280 locations, including …

Taco Bell parent is buying Habit Burger to break into fast casualRead More

Flipkart parent infuses Rs 2,839 crore in wholesale arm, Retail News, ET Retail

Bengaluru: Flipkart India, the wholesale arm of the Walmart-owned ecommerce marketplace, has received Rs 2,839 crore from its Singapore-based parent, regulatory filings show. This is the third such fund infusion into the unit this year, taking the total investment to Rs 5,701 crore. The investment comes at a time when the ecommerce giant is preparing …

Flipkart parent infuses Rs 2,839 crore in wholesale arm, Retail News, ET RetailRead More

Tim Hortons’ parent rolls up its sleeves to fix struggling business

After another disappointing quarter from Tim Hortons, the owner of the Canadian coffee chain shared more about its plans to reinvigorate the business. Shares of its parent company Restaurant Brands slid 3% in morning trading Monday, despite strong performances from its other two chains, Popeyes Louisiana Kitchen and Burger King. Tims, which is in the …

Tim Hortons’ parent rolls up its sleeves to fix struggling businessRead More

Incoming CEO of Taco Bell’s parent ‘wouldn’t rule out’ an acquisition

David Gibbs Stefanie Smith | CNBC The incoming CEO of Taco Bell’s parent company Yum Brands is not ruling out adding another brand to its restaurant portfolio. “We don’t need an acquisition to grow,” incoming CEO David Gibbs told analysts on a Wednesday conference call. “Our brands today are strong generally around the world, with …

Incoming CEO of Taco Bell’s parent ‘wouldn’t rule out’ an acquisitionRead More