Business
Coupang Says Farfetch Turnaround Is Taking Root
LONDON— Farfetch turned a profit in the fourth quarter of 2024 and parent Coupang is confident that its turnaround strategy for the…
Tag
Turnaround
Business
Starbucks cuts 1,100 corporate jobs in bid to speed turnaround
STARBUCKS is eliminating 1,100 corporate jobs in a move aimed at increasing efficiency and quickly enacting changes to revitalise the…
Business
Nokia hires Intel’s AI executive as CEO in push for turnaround
NOKIA said it was replacing chief executive officer Pekka Lundmark with Intel’s Justin Hotard in a surprise announcement as the network…
Business
Nike results beat low expectations; CEO warns turnaround will be a slog
NIKE’S results beat modest estimates on Thursday (Dec 19) and its shares jumped briefly, but the company soon dashed investor hopes and…
Unsorted
Boeing CEO presses turnaround at embattled planemaker as contract vote looms
BOEING CEO Kelly Ortberg laid out a turnaround plan on Wednesday (Oct 23), including a push for a “fundamental culture change,” as the…
Business
Boeing CEO presses turnaround as loss balloons to US$6 billion
BOEING CEO Kelly Ortberg laid out a turnaround plan on Wednesday (Oct 23), calling for a “fundamental culture change” at the struggling…