The renowned Brazilian beauty conglomerate, Natura & Co, is currently contemplating the sale of The Body Shop. This decision comes as the skin care and cosmetics line experiences yet another quarter of declining sales, as stated in a recent securities filing. In an effort to explore all possible avenues, the board of directors at Natura
Business
As contract negotiations continue between the United Auto Workers (UAW) and major automakers, General Motors, Ford Motor, and Stellantis, the possibility of strikes has become a prominent concern. UAW members have overwhelmingly granted union leaders authorization to call strikes, although final vote tallies are still being determined. This article explores the implications and potential consequences
In a surprising turn of events, the collaboration between director Greta Gerwig, Mattel, and Warner Bros. Discovery has taken North America by storm. The movie based on the iconic doll, “Barbie,” has shattered records and secured its place as the highest-grossing film of the year, surpassing even the popular “Super Mario Bros. Movie.” With a
The ongoing strike between Hollywood studios and the Writers Guild of America (WGA) has entered its 100th day, causing significant disruptions in the production of TV shows and movies. As negotiations continue, the Alliance of Motion Picture and Television Producers (AMPTP) has made its latest contract proposal public in an effort to address the key
The real estate market experienced a setback in July, with sales of previously owned homes dropping by 2.2% compared to June. The National Association of Realtors reported that the annualized rate of sales reached 4.07 million units, reflecting a significant decline of 16.6% compared to the same period last year. These figures indicate that July
During last week’s Monterey Car Week, the classic-car market experienced signs of slowing down. Although the total sales for the auctions reached $397 million, making it the second-highest total ever recorded, it was a 16% drop from the previous year’s record-breaking total of $473 million. This decline, combined with high-profile disappointments on the auction block,
In a significant industry shake-up, German-based discount supermarket Aldi has announced plans to acquire approximately 400 Winn-Dixie and Harveys Supermarket locations in the Southern United States. This move will not only involve taking over the operations of these stores but also potentially rebranding them under the Aldi name. With the deal set to be finalized
The stock of Bloomin’ Brands, the parent company of Outback Steakhouse, experienced a 9% increase in premarket trading after an activist investor, Starboard Value, disclosed its interest in the restaurant company. According to a regulatory filing, Starboard Value now owns 9.9% of Bloomin’s shares. This development has sparked curiosity and speculation about the future of
Moderna, one of the leading biotech companies, has announced promising results from an early clinical trial of its new Covid vaccine. The updated vaccine is specifically designed to target the omicron subvariant XBB.1.5, but the findings indicate that it may also be effective against other rapidly spreading variants, including Eris and Fornax. This development comes
Target Corporation, the big-box retailer, has reported disappointing quarterly sales results and has revised its full-year forecast, as it continues to struggle to convince consumers to make non-essential purchases. The company has reduced its expectations for both sales and profit, reflecting concerns about inflation and the economic landscape. Despite better-than-expected quarterly earnings and improved inventory