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London CNN —McDonald’s will buy every one of its 225 franchise restaurants in Israel, it announced Thursday, just weeks after saying that the Israel-Hamas war was hurting its business. The fast food giant said it had struck an agreement with Israeli franchise Alonyal to buy the firm’s McDonald’s (MCD) franchise restaurants in the country. The vast majority of McDonald’s stores around the world are run by local franchise operators. Many McDonald’s operators in the wider region quickly distanced themselves from the Israeli firm’s actions. Franchise groups in Kuwait and Pakistan, for example, issued statements saying they did not share ownership with the Israeli franchise.
Persons: London CNN —, Omri Padan, Alonyal, McDonald’s, , Chris Kempczinski, , Kempczinski Organizations: London CNN, Alonyal Locations: Israel, Kuwait, Pakistan
Kohl's said Tuesday that it's teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country. In a news release, Kohl's said the first Babies R Us shops will open this August and expand to more stores in the fall. Kohl's said the shops will range from 750 to 2,500 square feet, and will add more brands and merchandise to Kohl's baby category. As of Monday's close, Kohl's shares have fallen about 5% so far this year. Kohl's shares closed on Monday at $27.19, bringing the company's market value to $3.01 billion.
Persons: Kohl's, it's, Joe's Jeans, Anne Klein, Fisher, Price, It's, Tom Kingsbury, Michelle Gass, Levi Strauss, That's Organizations: WHP, Burlington Stores, Franchise Group, Macy's
Team owners will meet at the annual league meeting in March to discuss private equity. The investment ownership model is favored in the NBA, MLB and NHL— but not in the NFL. So, what will a rule change mean for institutional investors and their Wall Street brokers, as well as owners and sports fans? Experts also think NFL team owners' "wealth would increase drastically," said Rotthoff— due to the considerable profits they've already made from team valuations in the past decade. Wall Street investment banks could also benefit in their role as advisors to wealthy investors and sports teams, including helping to connect buyers with sellers.
Persons: , Josh Harris, Mark Patricof, Carrie Potter, Mellody Hobson, Condoleezza Rice, Sir Lewis Hamilton, Kurt Rotthoff, Dwayne Wade, Venus Williams, Eric Thomas, Gil Fried, Rotthoff, Rob Gronkowski, Spencer Platt, Goldman Sachs, Thomson, Taylor Swift, Jamie Squire, Potter, Fried Organizations: NBA, MLB, NHL, NFL, Service, Silicon, Forbes, The, Patricof, Rice, Denver Broncos, Seton Hall, Wall, Kansas City Chiefs, West, Sport Finance, Sports, Group, Wall Street, Chiefs, Dolphins, Getty Locations: The Washington, Crestview, United States, Orlando , Florida, West Florida
There is a significant amount of short interest in B. Riley Financial at 62.8% of the stock's float, or 10.4 million shares as of Jan. 31. Fisker has seen short interest continue for several weeks now. During the latter half of January, short interest remained flat but still amounted to 53.5% of the company's stock float. Short interest accounts for nearly a third of Blink Charging's total stock float. Shares of SunPower have fallen 25% this year, while Plug Power has lost more than 8%.
Persons: SunPower Organizations: Dow Jones, Nasdaq, CNBC Pro, New York Stock Exchange, Nasdaq Exchange, Riley, Street, Franchise, Riley Financial, Fisker, EV
New York CNN —McDonald’s said growing tensions in the Middle East have hurt its business. The Middle East doesn’t make up a huge part of its overall business. McDonald’s noted that it provided an insignificant amount of financial assistance for franchisees impacted by the war in the Middle East. That was far worse than the more-than 4% growth in the United States and other international businesses. Many McDonald’s operators in the region quickly distanced themselves from the Israeli operator’s actions.
Persons: New York CNN — McDonald’s, McDonald’s, McDonald’s Israel, Chris Kempczinski, Organizations: New, New York CNN, East, Hamas, Starbucks Locations: New York, East, United States, Israel, Kuwait, Pakistan
REUTERS/Brendan McDermid Acquire Licensing RightsNEW YORK, Nov 13 (Reuters) - Shares of financial services firm B. Riley (RILY.O) plummeted nearly 35% on Monday, extending losses for the fourth consecutive session, after it disclosed unrealized investment losses and S&P Global Ratings downgraded a key asset. That markdown resulted in B. Riley reporting a net loss of $75.8 million in the third quarter, compared with a profit of $45.8 million a year earlier. "We do not believe that the recent movement in our share price is warranted based on the fundamental strength and performance of our diversified platform," a B. Riley spokesperson said in a statement. B. Riley has also been targeted by a short seller. "Although B Riley attempted to address short seller concerns on their recent earnings call, the information they provided was limited," said Rick Meckler, partner at Cherry Lane Investments.
Persons: Brendan McDermid, Riley, Brian Kahn, Kahn, John Hughes, Bryant Riley, Rick Meckler, Meckler, Chibuike Oguh, Medha Singh, Niket, Deepa Babington, Stephen Coates Organizations: New York Stock Exchange, REUTERS, Reuters Graphics, Group's, Bloomberg, Reuters, Wolfpack Research, Cherry Lane Investments, Thomson Locations: New York City, U.S, Los Angeles, New York
Many McDonald’s operators in the region quickly distanced themselves from the Israeli operator’s actions. “It’s less control.”As the public feud plays out in the Middle East, McDonald’s corporate hasn’t said much about the war. What’s going on with McDonald’s in the Middle EastOnline, McDonald’s operators have made clear that they are independent of each other. “McDonald’s Pakistan is a wholly Pakistani entity owned and managed by SIZA foods,” reads a statement posted by McDonald’s Pakistan on X, formerly Twitter. Nierman suspects that many McDonald’s customers might not be paying too much attention either way.
Persons: McDonald’s, Artur Widak, , Andrew Gilman, hasn’t, Michael Seid, , Seid, Al Maousherji, ” Gilman, Evan Nierman, ” Nierman Organizations: New, New York CNN, Palestinian Ministry of Health, Hamas, CNN, Food Program, MSA, , McDonald’s, Al, Al Maousherji Catering, Kuwait Red Crescent Society, Universities Locations: New York, Israel, McDonald’s Israel, Kuwait, Pakistan, Gaza, United States, , McDonald’s Pakistan, McDonald’s Kuwait, Kuwaiti, Palestine,
Melissa Repko | CNBCAs shoppers head to Kohl's stores this holiday season, they will see gift ideas, Christmas ornaments and a potential glimpse of the retailer's future. Kohl's has leaned in by opening more Sephora shops inside of its stores. It'll be a bigger part of this holiday season. A year ago, roughly half of Kohl's stores had a Sephora shop. Pet merchandise is getting more square footage at Kohl's stores.
Persons: Merchant Nick Jones, Melissa Repko, Tom Kingsbury, Michelle Gass, Levi Strauss, Kohl's, Kingsbury, Christie Raymond, Covid, Raymond said, splurge, It'll, Raymond, Sephora, it's, Nick Jones, It's, Jones, Fido Organizations: CNBC, Burlington Stores, Franchise Group, Kohl's, Marks, ASDA, Walmart, Bed Locations: Ramsey , New Jersey, Kohl's
Last week, McDonald's Israel began donating meals daily to the Israel Defence Forces. Two days later, McDonald's Oman said it had donated $100,000 to help the people of Gaza. "We stand with Gaza in these difficult times," McDonald's Oman said in a statement posted on X, formerly known as Twitter. Meanwhile, McDonald's Israel said it will continue donating thousands of meals daily to "our forces across the country." As the two McDonald's franchise groups back different sides of the Israel-Hamas war, McDonald's Pakistan weighed in by distancing itself from McDonald's Israel.
Persons: McDonald's Israel, McDonald's, , Al Daud, Benjamin Netanyahu Organizations: Israel Defence Forces, Service, McDonald's, SIZA Foods, . Ltd ., McDonald's Corp Locations: McDonald's Oman, Gaza, Israel, Oman, Pakistan, . Ltd . Pakistan, Chicago
Kohl's shares spiked Wednesday as the struggling retailer posted a surprise profit and affirmed its full-year guidance while it chases a turnaround. Kohl's surprise quarterly profit comes after multiple quarters of disappointing sales and a sinking stock price. Since then, Kohl's has tapped its new CEO Kingsbury, former chief executive of off-price retailer Burlington Stores . That contributed to a big loss in Kohl's holiday quarter and weak outlook, which the Wisconsin-based company reiterated Wednesday. During the quarter, Kohl's had its strongest sales performance in February.
May 10 (Reuters) - Vitamin Shoppe owner Franchise Group Inc (FRG.O) would be taken private by a group led by CEO Brian Kahn in a deal valued at about $2.6 billion, the company said on Wednesday. Shares of Franchise, which also owns retailer Buddy's Home Furnishings and discount furniture store American Freight, climbed about 3% premarket. The offer price represents an equity value of about $1.05 billion. The company in March disclosed it had received an unsolicited proposal for a buyout, but did not disclose any details about the buyer. Reporting by Deborah Sophia in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.
Kohl's shares sink after big holiday-quarter losses
  + stars: | 2023-03-01 | by ( Melissa Repko | ) www.cnbc.com   time to read: +4 min
Kohl's shares sunk on Wednesday after the retailer posted a big loss and a sales decline of about 7% in the holiday quarter. Kohl's is not the only retailer that has felt a pullback as consumers spend more on food, housing and other necessities. During that same three-year period, spending at Kohl's fell by 15.4% and profit at the company plummeted by 203%. Kohl's inventory remains elevated, up 4% year over year as of the end of the fourth quarter, the company said. As of Tuesday's close, Kohl's stock is up about 11% this year, outperforming the approximately 3% gain of the S&P 500.
Surging inflation, inventory gluts and fears of slowing consumer spending battered some popular retail stocks in 2022, but analysts think some of these names are poised for a rebound in the new year. The SPDR S & P Retail ETF (XRT) , which tracks the sector, plummeted 33% as companies grappled with this difficult macro environment and fears of a slowdown in spending on discretionary goods. A slew of little-known retail stocks dominated the list, including Shoe Carnival , a footwear company with a unanimous buy rating on Wall Street and the largest upside potential of the group. The owner of The Vitamin Shoppe shed 54% in 2022, but analysts expect good times ahead for the stock. Eighty-percent of analysts say shares are a buy, with the consensus price target implying 33% upside from Thursday's close.
The Kohl's logo is displayed on the exterior of a Kohl's store on January 24, 2022 in San Rafael, California. Kohl's on Thursday withdrew its full-year outlook, pointing to volatility in the retail environment and significant macroeconomic headwinds, on top of its "unexpected CEO transition." Kohl's also reported third quarter earnings on Thursday, with revenue dropping 7% to $4.28 billion. The company warned investors of this drop in revenue earlier this month when it provided preliminary results for the quarter. Kohl's has been under pressure from activist investors as its sales have declined and its stock has slumped.
Kohl's said Tuesday that CEO Michelle Gass is leaving the company for a new opportunity as its sales continue to fall. In a separate release, Levi Strauss & Co. said Gass will join the company in early January as president and step into the role of CEO within the next 18 months. Kohl's — and Gass — have been under pressure from investors. Its push for new leadership intensified after Kohl's terminated talks this summer to sell to the Franchise Group, owner of The Vitamin Shoppe. The board appointed Tom Kingsbury, a Kohl's director since last year, to serve as interim CEO.
Activist Investor Ancora Looks to Oust Kohl’s CEO, Chairman
  + stars: | 2022-09-22 | by ( Dean Seal | ) www.wsj.com   time to read: 1 min
Ancora Holdings Inc., the activist investor that helped get three directors installed on the board of Kohl’s last year, is now trying to have the retailer’s chairman and chief executive removed. In a letter to the Kohl’s board Thursday, Ancora said the retailer needs new leadership following a slow recovery from the pandemic, plunging profits and the scrapping of a potential sale to Franchise Group
Activist investor Ancora Holdings is pushing Kohl's to remove its chief executive and its chairman. Ancora sent a letter to the board Thursday asking for the replacement of CEO Michelle Gass and Chairman Peter Boneparth. The activist investor, along with Macellum Advisors, attempted to seize control of Kohl's board in 2021. In that attempt, Ancora, along with other stakeholders, pushed for new directors with retail experience, inventory reduction and the sale of Kohl's real estate. The real estate investor offered as much as $2 billion for the chain's property, which Kohl's would lease back for its store locations.
Tuesday Walmart is set to report earnings before the bell, followed by a conference call at 8 a.m. Home Depot is set to report earnings before the opening bell, with management slated to hold a call at 9 a.m. Wednesday Target is set to report earnings in the premarket, with a conference call slated for 8 a.m. Cisco Systems is set to report earnings after the bell. Thursday Kohl's is set to report earnings before the bell, with a call slated for 9 a.m.
Рестораны KFC в Румынии и KFC в Молдове завершили первый квартал с совокупной EBITDA в размере 19,6 млн румынских леев (3,92 млн евро) и чистой прибылью в размере 13,9 млн RON (2,78 млн евро). Причём KFC в Республике Молдова сообщил о росте продаж на 19% по сравнению с первым кварталом 2020 года, что обусловлено увеличением продаж с доставкой на 8%. Об этом сообщает mybusiness.md со ссылкой на отчёт Sphera Franchise Group, крупнейшей группы в сфере общественного питания в Румынии, которая владеет компаниями, управляющими брендами KFC, Pizza Hut и Taco Bell в рамках системы франчайзинга. Taco Bell România показала убытки в размере 1 млн леев, Pizza Hut România - 3,7 млн леев. С учётом того, что в целом в первом квартале 2021 г. группа зафиксировала продажи во всех ресторанах на 211,4 млн леев, что на 1,5% выше, чем в 4 квартале 2020 г., и на 6,6% выше, чем в первом квартале 2020 г., можно предположить, что сектор HoReCa постепенно начал восстанавливаться (хотя бы частично) после сильного падения в прошлом году.
Persons: RON, Taco Bell Organizations: KFC KFC, KFC, Bell, Бухарестская фондовая биржа Locations: Румыния, Молдова, Республика Молдова
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