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Search resuls for: "Gilmartin"


8 mentions found


☆ Birkenstock spooks with cautious outlook even as its sandals stay on trend
  + stars: | 2024-01-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com   time to read: +3 min
New York CNN —Birkenstock sandals might be as pricey as ever, and the folksy footwear are as popular with shoppers as ever, too. Despite strong sales, the company gave a cautious outlook for 2024, saying it expects “modest headwind to impact margins.”Birkenstock shares dipped nearly 8.5% on the news Thursday. “They have really strong profitability that was really eating them during their IPO and post IPO. “Overall the brand remains healthy with strong sales growth in the fourth quarter and encouraging first-quarter trends so far. “The comfort of these sandals coincided with the casual comfort dressing trend that was already in play pre-pandemic and accelerated through it.
Persons: “, Abigail Gilmartin, Gilmartin, ”, TikTok, Beth Goldstein, Birkenstocks, Birkenstock, ” Goldstein Organizations: New, New York CNN, Bloomberg Intelligence, CNN, “ Locations: New York
☆ Wood Group’s non-deal requires a rapid Plan B
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: +2 min
LONDON, May 15 (Reuters Breakingviews) - Ken Gilmartin needs a Plan B. The chief executive of $1.3 billion John Wood Group (WG.L) did little to encourage Apollo Global Management’s (APO.N) interest, despite the U.S. private equity house submitting no less than five separate bids for the UK infrastructure business. But now Apollo has ditched its most recent plan to buy Wood Group for 240 pence a share – and the target’s shares have slumped 35% back to 145 pence. Gilmartin and the Wood Group board reckon the company will be successful as a solo operation. But if investors were convinced, then Wood Group’s share price shouldn’t have plummeted back to around where it was when Apollo’s interest emerged in February.
☆ U.S. clean energy 'carrots' could put Europe behind in decarbonization race, execs say
  + stars: | 2023-03-09 | by ( Ron Bousso Liz Hampton | Ron Bousso | Liz Hampton | ) www.reuters.com   time to read: +4 min
HOUSTON, March 8 (Reuters) - Billions of dollars in clean energy incentives are poised to speed investment on American soil while putting the European Union's energy transition at risk by luring away money and talent, executives at the CERAWeek energy conference said this week. European energy companies echoed the call for Europe to come up with its own new incentives. Patrick Pouyanne, CEO of French energy giant TotalEnergies told the conference the IRA was an "invitation to accelerate green infrastructure." In Europe, you begin to regulate," he said, adding that Europe and the United States should consider forming a free trade agreement on renewable energy infrastructure. Ken Gilmartin, CEO of British engineering firm Wood Plc, said the IRA would put the United States in first place in the decarbonization race.
☆ Wood Group has grounds to face down Apollo
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Feb 23 (Reuters Breakingviews) - John Wood Group (WG.L) has a seriously pushy bidder. While the latest 230 pence a share one represents a 50% premium to Wood Group’s closing price on Wednesday, the target has reasonable grounds to say no. Wood Group’s latest offer implies only around seven times on the same metric. Admittedly Wood Group shares are hovering around 200 pence, far below Apollo’s offer. Still, if he’s right and Wood Group trades on the same multiple at its peers, it would be worth nearly 3.8 billion pounds.
☆ Here are 15 mental health startups set to defy the funding slowdown and excel in 2023, according to venture capitalists
  + stars: | 2023-02-14 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +3 min
Europe's mental health startups raised a record $1.4 billion in 2021 but investment slumped last year. We asked 9 of Europe's top mental health VCs to name the startups to watch in 2023. Startups tackling issues around mental health have been far from immune to the global slowdown in tech funding. Insider asked nine European venture capitalists to pick out mental health startups that will excel throughout 2023 despite the overarching slowdown in funding. Here are 15 European mental health startups to watch in 2023, according to some of the region's top investors.
☆ Investors piled a record $12.6 billion into wellness apps during the pandemic. Now they're starting to bet on startups tackling mental illnesses.
  + stars: | 2023-01-13 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +5 min
The COVID-19 pandemic created a wellness boom across Europe, with mindfulness apps growing rapidly. VCs pumped a record $771 million into European startups tackling mental illnesses in 2021, per Dealroom. But psychologists have been clear that they are not substitutes for clinically-approved treatments for mental health conditions. Now, there is a new wave of startups looking to move beyond wellness and tackle mental illnesses. "The scale of the problem of mental illnesses became evident after COVID-19," Joseph Zipfel, chief investment officer at SFC, told Insider.
☆ 4 major trends in health startups in 2022, after an unexpected post-pandemic dropoff in funding
  + stars: | 2022-12-24 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +6 min
VCs poured $13.5 billion into healthtech startups in 2022 — down nearly 50% from 2021. But a global slump and the tech downturn changed all of that, and funding into health startups fell by nearly 50% to $13.5 billion this year. AI-driven drug development and mental health startups also boomed during COVID-19 but have seen a funding dropoff in 2022. Tech that served underrepresented groups was spotlightedFrom menopause to mental health, health conditions that were billed as 'taboo' pre-pandemic have come to the forefront this year. Startups offering personalized treatments for niche issues or demographics, such as menopause app Vira Health, mental health platform MyMynd, and men's health platform Numan, all raised capital this year.
☆ Kevin McCarthy staffer argued Trump shouldn’t condemn violence on January 6 because the media would ‘win’
  + stars: | 2022-12-23 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +4 min
Former Trump WH staffer Sarah Matthews described tension in the press office as January 6 unfolded. She said an aide argued that Trump shouldn't condemn violence because the media would "win." The aide, Chad Gilmartin, now works for House Minority Leader Kevin McCarthy. She added that White House Press Secretary Kayleigh McEnany was "receptive" to the idea. Gilmartin now works as a communications adviser for House Minority Leader Kevin McCarthy, who appears likely to be the next Speaker of the House.
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