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02.05.26 - 03:09
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Estée Lauder Accelerates Turnaround, Adds 3,000 Jobs To Chopping Block (ZeroHedge)
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Estée Lauder Accelerates Turnaround, Adds 3,000 Jobs To Chopping Block
Beauty and cosmetics giant Estée Lauder is accelerating its workforce restructuring, announcing Friday morning that it will cut another 3,000 jobs, bringing total planned reductions to as many as 10,000 roles. The move is expected to unlock hundreds of millions of dollars in additional savings. Still, it also suggests a deeper reset in the company's workforce after its hiring spree leading up to Covid, potentially putting a long-term cap on headcount.
The owner of Clinique, La Mer, MAC, Aveda, Bobbi Brown, Jo Malone London, Le Labo, Tom Ford Beauty, Too Faced, and others wrote in an earnings press release that it now "estimates a final net reduction in positions of 9,000 to 10,000, an increase from 5,800 to 7,000." In other words, management found another 3,000 jobs to cut.
According to Bloomberg data, Estée Lauder has a global workforce of about 40,470 as of the second quarter of 2025. The total workforce ...
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01.05.26 - 22:42
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Natuzzi Filed Form 12B-25 for Late Filing of Form 20-F (Business Wire)
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SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--#NATUZZI--Natuzzi S.p.A. (NYSE: NTZ) reports that, on the date hereof, it filed a Form 12b‑25 with the Securities and Exchange Commission with respect to the late filing of its Annual Report on Form 20‑F for the fiscal year ended December 31, 2025.
A copy of the Form 12b‑25 is available on the Securities and Exchange Commission's website at the following link: https://www.sec.gov/Archives/edgar/data/900391/000090039126000008/nt20-f_12b_25.htm.
About Natuzzi S.p.A.
Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is one of the most renowned brands in the production and distribution of design and luxury furniture. As of December 31, 2025, Natuzzi distributes its collections worldwide through a global retail network of 564 monobrand stores, 487 Natuzzi galleries, along with more than 550 curated placements in larger, multi-brand environments. Natuzzi products embed the finest spirit of Italian design and the unique craftmanship details of the “Mad...
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01.05.26 - 22:36
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Funko Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) (Business Wire)
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EVERETT, Wash.--(BUSINESS WIRE)--Funko, Inc. (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced that, on April 29, 2026, the Compensation Committee of the Board of Directors (Compensation Committee) of Funko granted inducement awards consisting of restricted stock units (RSUs) underlying 109,723 shares of Funko's Class A common stock to nine (9) new employees under the Funko, Inc. 2024 Inducement Award Plan (Inducement Plan). The Compensation Committee approved the awards as an inducement material to the new employees' employment in accordance with Nasdaq Listing Rule 5635(c)(4).
Each of the RSU awards will vest over four years, with 25% of the underlying shares vesting on each anniversary of the vesting commencement date, subject to the new employee's continued service relationship with Funko through the applicable vesting dates. The awards are subject to the terms and conditions of the Inducement Plan and the terms and conditions of an applicable award agreement covering the grant...
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01.05.26 - 22:33
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XMax Announces AI Model Agreement, Marking Major Milestone for its AI Business (GlobeNewswire EN)
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LOS ANGELES, May 01, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XWIN, the “Company” or “XMax”) today announced that its wholly owned subsidiary, XMax AI Inc., has entered into an API Model Procurement Agreement (the “Agreement”) to provide its customers access to XMax's artificial intelligence models through API-based (Application Programming Interface) services. The total price of the agreement is approximately $4.8 million, with monthly payments of $400,000 to XMax AI, Inc. The actual pricing may vary depending on the customer's usage of AI model services....
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01.05.26 - 22:18
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The Marzetti Company Completes Acquisition of Bachan′s, Inc. (Business Wire)
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WESTERVILLE, Ohio--(BUSINESS WIRE)--The Marzetti Company (Nasdaq: MZTI) announced today the successful completion of its acquisition of Bachan's, Inc., the fast-growing Japanese Barbecue Sauce brand known for its delicious, authentic, clean-label products. The transaction reinforces Marzetti's expanding position in the sauce category and is expected to provide additional opportunities for growth through our retail and foodservice distribution network, supply chain capabilities, and culinary expertise. Bachan's net sales for the twelve months ended December 31, 2025, were approximately $87 million. The $400 million purchase price for the transaction was financed with cash on hand and a $200 million term loan.
CEO Dave Ciesinski commented, “We are thrilled to welcome the Bachan's team to the Marzetti family. This acquisition is a strategic extension of our portfolio that will further strengthen Marzetti's position in the condiment and sauce category. Bachan's is a premium brand that celebrates food ...
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01.05.26 - 22:09
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Dave & Buster′s Announces Board of Directors Transition (GlobeNewswire EN)
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DALLAS, May 01, 2026 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ: PLAY), ("Dave & Buster's" or "the Company") today announced the appointment of Charles Protell to the Company's Board of Directors and Audit Committee of the Board, effective April 27, 2026....
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01.05.26 - 21:12
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SunOpta Completes Arrangement With Refresco (Business Wire)
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MINNEAPOLIS--(BUSINESS WIRE)--SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq: STKL) (TSX: SOY), a North American supply chain solutions provider, is pleased to announce the successful completion of the acquisition of the Company by an affiliate of Refresco Holding B.V. (“Refresco”) for US$6.50 per Common Share in cash (the “Consideration”) pursuant to a previously announced plan of arrangement under section 192 of the Canada Business Corporations Act (the “Arrangement”).
As previously announced, shareholders of SunOpta overwhelmingly approved the Arrangement at a special meeting of shareholders held on April 16, 2026. SunOpta obtained a final order from the Ontario Superior Court of Justice (Commercial List) in respect of the Arrangement on April 22, 2026.
In connection with the Arrangement, SunOpta's shares will be delisted from the Toronto Stock Exchange (“TSX”) and the Nasdaq Stock Market LLC (“Nasdaq”). SunOpta will also apply to cease to be a reporting issuer under app...
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