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Salad and Go filed for Chapter 11 bankruptcy and is closing all locations on Wednesday, citing strategic challenges, weakening demand, higher costs, and a cyclospora outbreak that damaged consumer confidence.
Incoming Best Buy CEO Jason Bonfig plans to expand the retailer’s reach by opening smaller-format stores ranging from 12,000 to 15,000 square feet in markets unable to support traditional locations.
McDonald’s names veteran Skye Anderson as U.S. president to drive growth, succeeding Joe Erlinger after six years in the role.
Procter & Gamble is acquiring supplement brand Thorne for $3.8 billion, expanding its health and wellness portfolio with a company founded in 1984 and currently generating over $500 million in annual revenue.
Paramount Skydance CEO David Ellison defends his company’s $110bn takeover of Warner Bros. Discovery, arguing opposition relies on an outdated vision of Hollywood and that the merged entity would maintain competitive positioning against tech giants.
Lucid Group announced a delayed midsize vehicle launch to 2027 and began an ‘operational reset’ to improve cash flow by $1.4 billion amid leadership changes.
