corporate-strategy
FinanceCampari Plans Restructuring to Ensure Financial Health
FinanceInvestors Scout for 'hidden' Defence Plays as Rally Broadens
FinanceAccor's Room Revenue Growth for 2024 Slightly Beats Estimates
FinanceAnglo Writes Down De Beers, Pressing on With Business Overhaul
OPmobility's Full-Year Revenue Rises, Led by Growth in North America
Date: February 20, 2025
(Reuters) - French car supplier OPmobility reported a rise in full-year revenue in 2024, outperforming the market despite the prolonged weakness in the automotive industry. The group's consolidated...
Mercedes-Benz Cuts Costs, Renews Focus on Combustion Engine Models in Bid to Revive Earnings
Date: February 20, 2025
(Reuters) - German luxury automaker Mercedes-Benz's passenger car division on Thursday reported a 40.5% drop in annual earnings, and said it expected significantly lower earnings in 2025 for the group...
Forever 21 Plans Nearly 200 Store Closures in Second Bankruptcy, Bloomberg News Reports
Date: February 19, 2025
(Reuters) - The U.S.-based operator of Forever 21 was preparing to close at least 200 more locations as part of a bankruptcy process expected to kick off as soon as next month, Bloomberg News reported...
HSBC Bonus Pool Flat in 2024 Amid Cost-Cut Drive; Headcount Falls 3%
Date: February 19, 2025
By Scott Murdoch and Selena Li SYDNEY/HONG KONG (Reuters) - HSBC's headcount fell 3% last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and initiated sweeping...
SoftwareOne Posts Slight Loss in 2024, to Close Crayon Deal in June
Date: February 19, 2025
(Reuters) - Swiss technology firm Softwareone expects to close its acquisition of Crayon Group in June, earlier than its previous guidance for a closure in the third quarter, it said on Wednesday....
HSBC Sees $1.8 Billion in Revamp Related Costs as New CEO Looks to Boost Returns
Date: February 19, 2025
By Selena Li and Sumeet Chatterjee HONG KONG (Reuters) -HSBC posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets businesses, and set stiff cost-cut...