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☆ Zoa Energy Drink has crossed over $100 million in retail sales, says Dwayne 'The Rock' Johnson
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailZoa Energy Drink has crossed over $100 million in retail sales, says Dwayne 'The Rock' JohnsonDwayne 'The Rock' Johnson, actor and co-founder of ZOA Energy Drink and Teremana Tequila, joins 'Squawk on the Street' to discuss his brands' goals moving forward, the WWE, thoughts on Disney and the future of "Black Adam."

☆ Gen Z is driving luxury sales as wealthy shoppers get younger
▼ + stars: | 2023-01-17 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

"By 2030, younger generations (Generations Y, Z, and Alpha) will become the biggest buyers of luxury by far, representing 80% of global purchases," it said. Luxury sales have so far been largely immune to rising interest rates, a slowing economy and high inflation. Bain estimates that global sales of personal luxury goods sales surged 22% in 2022, to 353 billion euros, or roughly $381 billion. The U.S. regained the top spot for luxury sales in 2022, surpassing China, with 25% sales growth and total sales of 113 billion euros, or about $121 billion. Bain said Web 3.0, including the metaverse and NFTs — a type of digital asset called nonfungible tokens — will help future luxury sales to younger consumers even further.

☆ How WWE’s Vince McMahon ruthlessly got his job back despite allegations of sexual assault and misuse of company funds
▼ + stars: | 2023-01-14 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +12 min

WWE has always been a family business – Vince McMahon, Sr., handed over the reins to his son in the 1980s – and it seemed set to continue that way. Why was Vince McMahon stepping aside such a big deal? Vince McMahon was more akin to a king than a business executive in the world of WWE, his fingerprints on everything. Once considered a wrestling genius, critics have more recently come to consider Vince McMahon a creative liability. McMahon,” Vince McMahon’s devious on-screen character, who served as wrestling’s greatest heel for years in the late 1990s and early 2000s.

☆ WWE retains restructuring specialist Kirkland & Ellis as adviser for strategic review
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +1 min

Jan 12 (Reuters) - World Wrestling Entertainment (WWE.N) said on Thursday it has retained bankruptcy and restructuring powerhouse Kirkland & Ellis LLP as its legal adviser related to its review of strategic alternatives for the company. It has also retained The Raine Group LLC as financial advisor and August LLC as strategic communications adviser. Vince McMahon returned to WWE earlier this month and made some changes to the company's board. At the time, WWE announced that it was launching a review to explore "strategic alternatives" for the company. Later, WWE said that it found some unrecorded expenses tied to Vince McMahon.

☆ Watch CNBC's full interview with Jan Rogers Kniffen
▼ + stars: | 2023-01-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Jan Rogers KniffenJan Kniffen, CEO of J. Rogers Kniffen WWE, joins 'Squawk Box' to discuss wage pressure in retail markets, concerns over margin compression, and inflation normalizing in the retail sector.

☆ Discretionary retail companies see cooling inflation, says Jan Rogers Kniffen
▼ + stars: | 2023-01-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDiscretionary retail companies see cooling inflation, says Jan Rogers KniffenJan Kniffen, CEO of J. Rogers Kniffen WWE, joins 'Squawk Box' to discuss wage pressure in retail markets, concerns over margin compression, and inflation normalizing in the retail sector.

☆ WWE's smaller rival AEW interested in merger, sources say
▼ + stars: | 2023-01-12 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

All Elite Wrestling, a professional wrestling league owned by the Khan family, is interested in merging with World Wrestling Entertainment , according to people familiar with the matter. The idea that Vince McMahon, the controlling shareholder of WWE, would merge his company with the much smaller AEW is a long shot. AEW hasn't had talks with McMahon or Nick Khan, the company's chief executive, said the people. It's unclear what type of job McMahon would want with WWE after a sale, but WWE is a much larger and more established organization than AEW. McMahon, who was worth more than $3 billion as of July, is also known as the primary creative force behind WWE's storylines.

☆ Jim Cramer gives his take on the returning CEOs of Disney, Stitch Fix and WWE
▼ + stars: | 2023-01-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer gives his take on the returning CEOs of Disney, Stitch Fix and WWECramer gave his thoughts on three returning CEOs and whether he believes their return will ultimately benefit the companies.

☆ WWE Board Elects Vince McMahon Executive Chairman
▼ + stars: | 2023-01-11 | by ( Patrick Chu | ) www.wsj.com time to read: 1 min

Vince McMahon had previously retired as WWE chief executive and chairman amid a board investigation of sexual misconduct claims against him. World Wrestling Entertainment Inc. said Tuesday night its board of directors unanimously voted to elect majority owner Vince McMahon as executive chairman of the board, less than a week after the former chief executive returned to the company and ousted three directors, while two other board members resigned. Mr. McMahon’s daughter, Stephanie McMahon, has resigned as chairwoman and co-chief executive officer, the company said in a statement. Nick Khan will serve as the sole chief executive.

Stephanie McMahon has resigned as WWE co-chief executive officer and chairwoman after her father, Vince, was unanimously re-elected as the company’s executive chairman. Stephanie McMahon returned from a leave of absence in July to take over as co-CEO after Vince McMahon retired amid allegations of sexual misconduct. She informed staff Tuesday that she is again stepping down as Vince McMahon returns to facilitate a potential sale of the company. From left, Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena in Las Vegas, on July 2, 2022. “I’d like to express my full support for Stephanie’s personal decision,” Vince McMahon said in a statement Tuesday.

☆ Vince McMahon's daughter, Stephanie McMahon, resigned as WWE co-CEO after father's return to the company
▼ + stars: | 2023-01-11 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

WWE announced on Tuesday that Stephanie McMahon had resigned from her role as co-CEO. Her father, Vince McMahon, returned to the board last week, less than six months after retiring. Vince McMahon stepped away last year amid sexual misconduct allegations against him. WWE announced on Tuesday that Stephanie McMahon, Vince's daughter, resigned from her role as co-CEO and chairwoman. Last year, the board began investigating millions of dollars McMahon had paid several women who had made misconduct allegations against him.

☆ WWE co-CEO Stephanie McMahon resigns, Vince returns as executive chairman
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

Jan 10 (Reuters) - World Wrestling Entertainment (WWE.N) elected former chief Vince McMahon as the executive chairman of the board on Tuesday, the company said, adding that co-chief executive officer and chairwoman Stephanie McMahon resigned from her role. Nick Khan will serve as the new WWE CEO, the entertainment firm added. Vince McMahon, 77, returned to the board last week and elected himself and two former co-presidents and directors Michelle Wilson and George Barrios to the board. loadingVince McMahon, who ran the company for four decades, said last week that the only way for WWE to fully capitalize on growing demand for content and live entertainment was for him to return as executive chairman. McMahon retired in July last year, as the company's CEO and chairman, following an investigation into his alleged misconduct.

☆ Stephanie McMahon resigns as WWE’s chairwoman and co-CEO
▼ + stars: | 2023-01-10 | by ( Rob Mclean | ) edition.cnn.com time to read: +2 min

New York CNN —Four days after her disgraced father returned to WWE’s board, the wrestling company’s co-CEO and chairwoman Stephanie McMahon resigned from the company. The move comes as WWE’s board of directors elected her father, Vince McMahon, as executive chairman of the board. “I’ll forever be grateful that she offered to step in during my absence and I’m truly proud of the job she did co-leading WWE.”WWE said Nick Khan, who was co-CEO with Stephanie McMahon, will serve as CEO. Vince McMahon retired as CEO in July 2022, but remains the company’s majority shareholder. Following his departure, WWE disclosed multiple expenses that Vince McMahon hadn’t previously reported, totaling $19.6 million.

☆ Stephanie McMahon steps down as WWE co-CEO as her dad, Vince, returns as executive chairman
▼ + stars: | 2023-01-10 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

LAS VEGAS, NEVADA - JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Stephanie McMahon has resigned as WWE co-chief executive officer and chairwoman after her father, Vince, was unanimously re-elected as the company's executive chairman. Stephanie McMahon returned from a leave of absence in July to take over as co-CEO after Vince retired amid allegations of sexual misconduct. She informed staff Tuesday that she is again stepping down as Vince McMahon returns to facilitate a potential sale of the company. "I'd like to express my full support for Stephanie's personal decision," Vince McMahon said in a statement Tuesday.

☆ Vince McMahon returns to WWE as a board member
▼ + stars: | 2023-01-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: 1 min

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☆ Vince McMahon is back at WWE to ensure a smooth sale process. Here's who might want to buy it
▼ + stars: | 2023-01-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

WWE has hired JPMorgan to help the company advise on a potential sale, according to people familiar with the matter. But it remains unclear what type of role, if any, McMahon would want at WWE if he sold the company. WWE has a market capitalization of more than $6 billion after rising nearly 17% percent on Friday, buoyed by heightened sale speculation. McMahon's company already has an exclusive streaming deal with Comcast's streaming service, Peacock, and a cable TV deal with NBCUniversal's USA Network. Fox sold off most of its entertainment assets in its $71 billion sale to Disney in 2019, but WWE fits with the smaller company's sports and live events focus.

☆ WWE confirms Vince McMahon is rejoining the board, stock spikes
▼ + stars: | 2023-01-06 | by ( Rebecca Picciotto | ) www.nbcnews.com time to read: +2 min

World Wrestling Entertainment confirmed on Friday that former CEO and majority shareholder Vince McMahon will be reinstated to the company’s board. “Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board,” WWE executives said in a Friday press release. He also said he would bring back former co-presidents Michelle Wilson and George Barrios as board directors. Three current board members, JoEllen Lyons Dillon, Jeffrey Speed and Alan M. Wexler, were removed from their positions. Even during his leave, McMahon maintained control over the company as a majority shareholder.

☆ Lisa Rinna is leaving ‘Real Housewives of Beverly Hills’
▼ + stars: | 2023-01-06 | by ( Samantha Kubota | Liz Calvario | ) www.nbcnews.com time to read: +3 min

Longtime “Real Housewives of Beverly Hills” star Lisa Rinna announced on Jan. 5 that she is leaving the show, Bravo confirmed to TODAY.com. The 59-year-old reality star is “excited” for the next chapter in her career, after being on the reality show for eight seasons. “RHOBH” star Denise Richards also called out Rinna after the Season 12 reunion, writing on Instagram, “I watched #RHOBH last night. While I have empathy for Lisa Rinna losing her mom, what is her excuse all the other years on the show for being so cruel & so vindictive?”Rinna’s mother, Lois Rinna, died in November 2021 at age 93. And I was like, ‘Oh my God, I’ve made it.’”After news of her departure broke on Jan. 5, Rinna’s former costar Lisa Vanderpump seemingly shaded her on Twitter, writing simply “Ding dong.”

☆ Vince McMahon Plots Return to WWE
▼ + stars: | 2023-01-06 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

WWE owner Vince McMahon told the company that he plans to elect himself to its board, people familiar with the matter said. Vince McMahon , the majority owner and former chief executive of World Wrestling Entertainment Inc., plans to return to the company following his retirement last year amid a sexual-harassment scandal to pursue a sale of the business, according to people familiar with the matter. Mr. McMahon, who has majority voting power through his ownership of WWE’s Class-B stock, has told the company that he is electing himself and two former co-presidents and directors, Michelle Wilson and George Barrios , to the board, the people said. The move to reinstate Mr. McMahon, which the board previously rebuffed, and the others will require three current directors to vacate their positions.

☆ Thought last year was bad for crypto? From FTX to Silvergate, the red flags are flying for the year ahead.
▼ + stars: | 2023-01-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Those realizations came to head repeatedly in 2022 as crypto hacks and a wintry bear market crescendoed with the collapse of Sam Bankman-Fried's FTX. On a macro level, persistent recession fears make speculative assets such as tokens or tech stocks less enticing. More notable is crypto bank Silvergate's nearly 50% plunge Thursday, and the company's announcement it would cut 40% of its staff. Job cuts at Amazon and Salesforce signal the first necessary step in staging a turnaround for tech stocks. All told, analysts predict layoffs could catalyze a 20% rally for tech stocks in 2023.

☆ Retail sector signals wage inflation has peaked, says Jan Kniffen
▼ + stars: | 2023-01-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail sector signals wage inflation has peaked, says Jan KniffenJan Kniffen, J. Rogers Kniffen WWE CEO, joins 'Squawk Box' to discuss Kniffen's thoughts on the retail industry, how much of the retail struggles are a seasonal issue and more.

☆ Stocks making the biggest moves premarket: World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco and more
▼ + stars: | 2023-01-06 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

World Wrestling Entertainment — Shares advanced 9.7% after Vince McMahon elected himself executive chairman of the company despite retiring last year due to a sexual misconduct scandal. Shares dropped 14% premarket, after posting a 42% loss Thursday. Meanwhile, Ulta lost 1.8% after getting downgraded to under weight from equal weight. Bath & Body Works shed 1.7% after the firm moved it to equal weight from overweight. Discover Financial , Synchrony Financial — The consumer finance stocks were under pressure after being downgraded by Barclays to equal weight from overweight.

☆ Dow soars 700 points after December jobs and services activity reports boost hopes for Fed rate cuts
▼ + stars: | 2023-01-06 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

US stocks jumped Friday after December payrolls and services-sector data. The economic data showed signs of easing inflation, bolstering hopes the Fed will cut interest rates this year. The S&P 500 avoided a fifth consecutive weekly decline. Meanwhile, the Institute for Supply Management's services-sector report showed prices paid decelerated while services activity shrank for the first time since May 2020. Billionaire investor Leon Cooperman sees just a 5% chance the S&P 500 pares back the losses it's logged since March 2022.

☆ Vince McMahon returns to WWE, less than 6 months after he retired amid sexual misconduct allegations
▼ + stars: | 2023-01-06 | by ( Travis Clark | ) www.businessinsider.com time to read: +3 min

Vince McMahon, WWE's former CEO, has returned to the board, the company announced Friday. McMahon retired from the company in July amid misconduct allegations made against him. It comes less than six months after McMahon announced he was retiring from the company in July 2022, amid a board investigation into hush payments McMahon allegedly made to former female employees who had made misconduct allegations against him. But McMahon made clear that without his direct involvement, he would not approve any rights deals or a sale, WSJ reported. The board began investigating last year millions of dollars McMahon had paid several women who had made misconduct allegations against him.

☆ WWE shares jump 10% as former CEO Vince McMahon announces surprise comeback
▼ + stars: | 2023-01-06 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Former WWE boss Vince McMahon said he would return as executive chairman Thursday. McMahon announced a review into upcoming media rights negotiations and could reportedly be preparing to sell the company. McMahon retired last year over a sexual misconduct scandal. McMahon said he would lead those negotiations as WWE's executive chairman and would launch a strategic review into other possible broadcast partners. He retired as WWE chief executive and chairman last year amid an ongoing internal board investigation into sexual misconduct claims against him.

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