Shares of Cartier owner Richemont climb 6% on record full-year sales, new CEO
Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after it reported record full-year sales even as
Read More
Retail industry
Walmart says more diners are buying its groceries as fast food gets pricey
The company's CFO said customers across incomes are looking for cheaper meals. Source link
Read More
Shein suppliers work 75-hour weeks, report claims as Chinese fast-fashion giant looks to IPO
A new report suggests that workers at some of its suppliers are still clocking 75 hours a week, despite assurances the company
Read More
McDonald’s $5 value meal is coming in June — and staying for just a month
The offering will include four items — a McChicken or McDouble, four piece chicken nuggets, fries and a drink. Source
Read More
Fat Brands confidentially files to IPO Twin Peaks, Smokey Bones brands days after federal indictment
Fat Brands and its chair Andy Wiederhorn were criminally indicted for an alleged $47 million bogus loan scheme. Source link
Read More
These are the 2024 CNBC Disruptor 50 companies: See the full list of startups riding the AI wave
CNBC reveals the 2024 Disruptor 50 list, AI-driven startups moving beyond the 'better, faster, cheaper' mantra that defined Silicon Valley's
Read More
Shein’s U.S. charm offensive and IPO could hinge on NRF membership. So far, it’s been rejected
If Shein gets a stamp of approval from the NRF, it could help legitimize the retailer in the eyes of
Read More
Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown
Chipotle Mexican Grill, Wingstop and Sweetgreen all beat Wall Street's estimates for their quarterly same-store sales growth. Source link
Read More
Fat Brands stock craters after company, chair Andy Wiederhorn charged in $47 million ‘sham’ loan scheme
Fat Brands' portfolio includes Fatburger, Johnny Rockets and Twin Peaks. Source link
Read More