Kraft Heinz to divest its North American coffee business in $650 million deal
Kraft Heinz is selling its North American coffee business, including Maxwell House and Gevalia brands, to private equity firm One Rock Capital Partners for $650 million.
New Flutter CEO bets on FanDuel promotions to win customers as profits suffer
Flutter’s new CEO Dan Taylor is betting on product improvements and promotional spending to convert rising customer engagement into profits, following disappointing third-quarter results that missed Wall Street expectations.
CVS Health plans to split itself up. Here’s why a breakup could make sense now
CVS Health announced plans to split into two publicly traded companies by mid-2028, separating its retail pharmacy business from its insurance and pharmacy benefit management operations after improving financial performance.
American Airlines hikes annual fees on rewards cards for first time since 2018
American Airlines is increasing annual fees on two rewards credit cards to $150 for the first time since 2018, while adding benefits including TSA PreCheck credits and hotel bonus miles.
Disney plans several thousand layoffs, asks some managers to cut costs by up to 20%
Disney plans to cut several thousand jobs, with some managers asked to reduce costs by up to 20%, marking the latest round of layoffs under CEO Josh D’Amaro.
Protect Poundland from predatory capitalism, MPs tell government
Poundland filed for administration this week, prompting MPs to urge the government to protect the retailer and its 12,000 employees from what they describe as predatory private equity practices by owner Gordon Brothers.