Printable View
Bud Light used to be the top-selling beer in the United States. Based on dollar volume, Modelo Especial has been the top-selling beer for the past three months. Shares of Anheuser-Busch closed today at 56.50, a gain of 0.18 (0.32%).
Anheuser-Busch to sell off eight beer, beverage brands amid falling Bud Light sales
https://www.nationalreview.com/news/...d-light-sales/
Tapestry is the parent company of Coach, Stuart Weitzman and Kate Spade New York. Capri Holdings, founded in 1981 by fashion designer Michael Kors, sells clothes, shoes, handbags, wallets, watches and other accessories. Shares of Tapestry closed today at 34.67, a drop of 6.57 15.93%). Shares of Capri Holdings closed at 53.90, a gain of 19.29 (55.74%).
Coach parent Tapestry to buy Versace and Jimmy Choo owner Capri Holdings in $8.5 billion deal
Deal will create a US luxury fashion conglomerate that will rival major competitors in Europe, including LVMH.
https://www.theguardian.com/fashion/...wner-85bn-deal
Aldi was founded in 1946 by brothers Karl and Theo Albrecht in Essen, Germany. The name is short for Albrecht Discount. Aldi now operates more than 10,000 supermarkets worldwide and is the third-largest grocer in the United States after Walmart and Kroger.
Aldi to buy 400 Winn-Dixie, Harveys grocery stores in southeastern U.S.
https://www.msn.com/en-us/money/othe...-s/ar-AA1fmB5E
Abram, Ira, Joseph and Philip Shorin founded the Topps Chewing Gum company in 1938 and introduced Bazooka Bubble Gum in 1947. From 1954 to 2013, each pack of gum included a tiny Bazooka Joe comic strip. Topps began producing baseball cards in 1952. In January 2022, the baseball card business was sold and the company's confection divsion, which also makes Ring Pop, Push Pop and several other candies, rebranded as Bazooka Candy Brands. .
Apax Partners buys US confectioner Bazooka Candy Brands for $700 million
https://www.just-food.com/news/apax-...bazooka-candy/
Richard Stack founded Dick's Sporting Goods in 1948 in Binghamton, New York. The chain now has 791 stores and is the largest sporting goods retailer in the United States. Shares of Dick's Sporting Goods closed today at 111.53, a drop of 35.51 (24.15%).
Dick's Sporting Goods blames 'increasingly serious' theft problem for profit plunge
https://www.cnn.com/2023/08/22/busin...eft/index.html
United Parcel Service was founded in 1907 in Seattle as the American Messenger Company. Since 1919, all UPS delivery trucks have been brown. Shares of UPS closed today at 168.88, a gain of 2.00 (1.2%).
UPS workers approve new contract with hard-fought pay and safety gains, ending strike threat
The five-year deal, with wage increases and new protections for working in high temperatures, covers 340,000 employees and could boost other labor efforts across the country.
https://www.nbcnews.com/business/bus...ins-rcna100466
Roark Capital Group, founded in 2001 in Atlanta, is named for Howard Roark, the protagonist in Ayn Rand's 1943 novel The Fountainhead. Roark owns Arby's, Hardee's, Jimmy John's, Carl's Jr., Green Burrito, Baskin-Robbins, Buffalo Wild Wings, Sonic Drive-In, Jim 'N Nick's Bar-B-Q and the Cheesecake Factory. Subway has nearly 37,000 locations worldwide and around 20,000 in the United States, even after closing thousands of locations over the past eight years.
Sandwich chain Subway will be sold to fast-food investor Roark Capital
https://www.npr.org/2023/08/24/11958...-roark-capital
John Tyler and Thomas Leavey founded Farmers Insurance Group, originally Farmers Automobile Inter-Insurance Exchange, in 1928 in Los Angeles. Farmers is now owned by Zurich Insurance Group and insures cars, trucks, RVs, motorcycles, boats, homes and businesses and offers life insurance and financial services. Shares of Zurich closed today at 47.09, a gain of 0.69 (1.49%).
Farmers Insurance to lay off 2,400 workers across its entire business
https://www.cnn.com/2023/08/29/busin...ffs/index.html
Consulting company CMSPI estimates these increases will cost merchants an.additional $502 million annually – .and the cost is certain to be passed on to consumers. By the way, for the year ending June 30, 2023, Visa's gross profit was $29,310,000,000 and Mastercard's gross profit was $23,590,000,000.
Visa, Mastercard plan to hike credit-card fees
https://money.usnews.com/investing/n...-card-fees-wsj
Charles Walgreen founded the Walgreen's drugstore chain in 1901 in Chicago. In 1955 the comma was dropped from the name. Shares of Walgreens closed today at 23.43, a drop of 1.88 (7.43%).
Walgreens chief executive steps down
The Wall Street Journal, Sep 1 2023
Rosalind Brewer has stepped down as chief executive of Walgreens Boots Alliance. Brewer, a former Starbucks and Sam’s Club executive, took over as CEO of Walgreens in March 2021. Her abrupt exit leaves the drugstore giant in search of a new leader at a time of upheaval. Walgreens’ share price has fallen nearly 50% in the past two years, while rival CVS Health has dropped almost 25%. Walgreens has been the worst-performing component in the Dow Jones Industrial Average this year.
https://www.msn.com/en-us/money/comp...wn/ar-AA1g5F7Y