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Announcement Regarding Fossil Group Plan Meeting to Be Held on Thursday, November 6, 2025
Globenewswire· 2025-10-31 04:45
RICHARDSON, Texas, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Fossil (UK) Global Services Ltd (the “Plan Company”), a subsidiary of Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”), announced on October 16, 2025 that pursuant to an order made by the High Court of Justice of England and Wales (the “Court”), dated October 15, 2025 (the “Convening Order”), in respect of the Company’s US $150,000,000 7.00% Senior Notes due November 30, 2026 (the “Notes”), a single meeting (the “Plan Meeting”) of such persons who are or ...
Target Zoom Glitch Added to Series of Mishaps Over Job Cuts
MINT· 2025-10-30 03:41
(Bloomberg) -- Target Corp. corporate employees logged onto a company Zoom meeting Tuesday morning to learn if they were among the 1,000 people that the retailer last week announced would lose their jobs.They instead encountered silence after a technical glitch briefly knocked out the call’s audio, according to people familiar with the matter and a memo seen by Bloomberg News. That left employees staring for a few minutes at the bright red Target bullseye logo on the call’s background while the issue was be ...
Molson Coors Beverage Company (TAP) Announces its Restructuring Plan
Yahoo Finance· 2025-10-28 23:27
Molson Coors Beverage Company (NYSE:TAP) is one of the Best 52-Week Low Mid Cap Stocks to Buy Now. On October 20, Molson Coors Beverage Company (NYSE:TAP) announced its corporate restructuring plan to create a more agile American Company and position it for future growth. As part of this plan, the company aims to cut around 400 salaried positions from its American business by the end of December 2025. This would result in an estimated 9% reduction in the company’s total American salaried business workforc ...
Target to cut 1,800 jobs in major restructuring as new CEO Michael Fiddelke steps in
The Economic Times· 2025-10-25 02:52
公司重组计划 - 公司宣布一项重大重组计划,将削减约1,800个公司职位[1] - 重组旨在加速决策、提升利润并为长期增长做准备[1] - 此次裁员是公司十年来首次大规模裁员,表明其变革决心[8] 领导层变动 - 首席运营官Michael Fiddelke将于2026年2月1日正式接替Brian Cornell出任首席执行官[2] - 新任CEO指出,公司长期以来积累的复杂性、过多层级和重复工作拖累了发展,减缓了决策[2] - 分析师认为,此次裁员传递出新任CEO准备在多年业绩疲弱后大胆采取行动的明确信息[2] 财务表现与市场预期 - 公司预计于11月19日公布第三季度财报,分析师预期营收为254亿美元,每股收益为1.76美元[4] - 在2021年新冠疫情后,公司销售额增长了超过150亿美元,但过去四年其年收入增长甚微[6] - 自2021年峰值以来,公司股价已下跌约61%,但在裁员消息公布后,盘前交易中股价上涨了0.7%[6][8] 分析师观点与市场挑战 - 杰富瑞分析师维持对公司股票的“买入”评级,但认为疲软的消费者需求和领导层变动可能损害短期业绩[3] - 分析师指出,该计划对长期投资者是积极一步,但投资者信心的明显改善需要等到销售额显著复苏[2] - 公司近期面临客流量减少、库存问题以及一些客户反弹等挑战[6]
Target layoffs: 1,800 employees to lose jobs; first major job cuts in a decade
The Times Of India· 2025-10-24 18:22
AP image Incoming CEO Michael Fiddelke announced this decision in a memo to employees on Thursday.It comes at a time when Target’s share price has lagged behind rivals and the company has faced criticism for scaling back its diversity, equity and inclusion initiatives, according to Reuters. “Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life,” Fiddelke, who will take over as CEO in February 2026, said in the memo. “It’s a necessary step in building the future ...
Ascot to Launch C$0.01 Per Share Rights Offering and 50:1 Share Consolidation; Enters into Advisory Agreement with Fiore and Support of Major Shareholders and Creditors
Globenewswire· 2025-10-23 21:29
Agreement with Fiore Management and Advisory Corp. for Restructuring and Recapitalization Advisory ServicesRights Offering at C$0.01 per Share, 50:1 Share Consolidation and Best Efforts Private Placement of up to C$150 Million VANCOUVER, British Columbia, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSXV: AOT.H; OTCQB: AOTVF) (“Ascot” or the “Company”) announces it has entered into an advisory services agreement with Fiore Management and Advisory Corp. (“Fiore”) pursuant to which Fiore has agreed ...
Fossil Announces Intention to Proceed with the UK Proceeding and Extension of Exchange Offer for Its Senior Notes
Globenewswire· 2025-10-23 18:00
RICHARDSON, Texas, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) announced today that, in connection with its previously announced offer to exchange (the “Exchange Offer”) and consent solicitation (the “Consent Solicitation”) with respect to its 7.00% Senior Notes due 2026 (the “Old Notes”) (i) the Company had received the requisite consents to adopt the UK Proceeding Amendments (as defined herein) and (ii) Fossil (UK) Global Services Ltd (the “Plan Company”) will proce ...
Beer maker Molson Coors to slash 9% of it's American workforce in restructuring plan
New York Post· 2025-10-22 11:41
Beer maker Molson Coors Beverage Company will slash roughly 400 jobs, or 9% of its American salaried workforce, by the end of the year as part of a corporate restructuring plan, the company announced in a statement Monday. The mass layoffs come as the Chicago-based brewing company announced in August that it expected net sales to tumble between 3% and 4% this year — blaming weaker beer demand and “indirect tariff impacts” on aluminum. 3 Beer maker Molson Coors Beverage Company will slash roughly 400 jobs, ...
Gucci Owner Kering Nears $4 Billion Sale of Beauty Unit to L'Oréal
WSJ· 2025-10-18 21:30
A deal would be an early move by new Kering CEO Luca de Meo to revive the luxury giant's fortunes. ...