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21.12.25 - 17:00
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Five decades on, McDonald′s still finds new ways to serve Hong Kong (SCMP)
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[The content of this article has been produced by our advertising partner.]
Hong Kong's first McDonald's opened on Paterson Street in Causeway Bay in January 1975. The queues that spilled on to the street have since become part of the city's shared memory. Half a century later, McDonald's Hong Kong operates 266 restaurants, employs about 18,000 people and serves around 1 million customers a day, making it a familiar presence across neighbourhoods and generations.
The anniversary comes at a time......
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18.12.25 - 16:12
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Activist Investor Elliott Builds Billion Dollar Stake In Lululemon (ZeroHedge)
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Activist Investor Elliott Builds Billion Dollar Stake In Lululemon
Shares of Lululemon are higher in premarket trading after a report that activist investor Elliott Investment Management has built a $1 billion stake in the company and is pushing for a turnaround at the struggling athletic apparel brand.
The Wall Street Journal cites sources familiar with Elliott's move to build a billion-dollar position, making it one of the company's largest shareholders. Elliott is seeking a new CEO to replace Calvin McDonald, who will step down in January.
Elliott has been working with veteran retail executive Jane Nielsen as a potential CEO candidate. Nielsen, a former CFO and COO at Ralph Lauren and a former CFO at Coach, is seen by Elliott as a capable leader to turn the company around. The company has faced mounting criticism over quality issues, brand dilution, and operational missteps. More importantly, it has lost market share in recent years to athletic apparel competitors Vuori and Alo Yoga.
Elli...
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16.12.25 - 17:18
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The Road Ahead for Lululemon After CEO Steps Down (Bloomberg)
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Lululemon Athletica Inc. announced Chief Executive Officer Calvin McDonald would be stepping down following the release of last week's quarterly earnings, as it looks to reignite innovation and stave off pressure from newer competitors. Burt Flickinger, the Managing Director of Strategic Resource Group, reacted live to the news on Bloomberg Businessweek Daily with Carol Massar and Tim Stenovec. (Source: Bloomberg)...
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