Author name: fwadmin

Daimler Truck said it took a €120 million hit from a write-down of its China joint venture due to a persistently weak market and that its full-year guidance was under review.

EssilorLuxottica has agreed to buy the brand from Vans owner VF for $1.5 billion, a move aimed at helping the Ray-Ban maker expand beyond eyewear.

San Diego-based pet food retailer said that interim CEO R. Michael Mohan would transition to a new role leading a board committee focused on value creation.

The move follows a similar retreat by Tractor Supply as more companies face criticism over DEI.

Darden said it will acquire all the outstanding shares of Chuy’s for $37.50 per share. The price represents a 40% premium to Chuy’s 60-day volume weighted price.

Japan’s Nikkei 225 climbed after the Reuters Tankan survey showed an increase in business optimism among large Japanese manufacturers.