Author: Juveria Tabassum
-
Restaurant Brands beefs up Burger King US turnaround with $1 billion Carrols deal
By Juveria Tabassum and Deborah Mary Sophia (Reuters) -Restaurant Brands will take full control of Carrols Restaurant Group in a deal that values the largest U.S. Burger King franchise at about $1 billion, accelerating a turnaround for the Canadian firm’s franchise model. The quick-service restaurant chain operator has rolled out a program to move away…
-
Lululemon, Abercrombie lift holiday quarter targets on robust demand
By Granth Vanaik and Juveria Tabassum (Reuters) -Lululemon and Abercrombie & Fitch raised their holiday quarter forecasts on Monday, signaling strong demand during the key sales period even as shopping budgets remained constrained. The upbeat forecasts follow a mixed holiday season for the sector, according to estimates from Adobe Analytics and Mastercard, as retailers competed…
-
Kroger to divest over 400 stores in bid to close $25 billion Albertsons deal
By Savyata Mishra and Juveria Tabassum (Reuters) – Kroger said on Friday it would sell over 400 grocery stores to C&S Wholesale Grocers in an effort to get regulatory approval for its nearly $25-billion takeover of smaller rival Albertsons. Kroger will get about $1.9 billion in cash for the store divestitures. The company said it…