The Kroger Co. has signed a $5 billion revolving credit agreement, solidifying its financial strategy amidst its ongoing merger plans with Albertsons Companies Inc. The agreement, executed on September 13, 2024, is an unsecured revolving credit facility that provides Kroger with significant financial flexibility as it navigates the competitive retail landscape. Key Details of the […]
Shares of Seven & i Holdings, the parent company of 7-Eleven convenience stores, surged nearly 3% as U.S.-based Artisan Partners urged the company to consider a buyout offer from Alimentation Couche-Tard Inc., a Canadian convenience store giant. The investor pressure has reignited debate over corporate governance in Japan and the future of Seven & i’s […]
The Pulse of Cloud: Quarterly Report July 2024 from Wipro reveals a significant surge in cloud investments, driven by advancements in artificial intelligence (AI) and generative AI (GenAI). The report, which surveyed 500 business leaders across the US and Europe, highlights that 54% of organisations plan to enhance their hybrid cloud infrastructure, while 56% aim […]
Aditya Birla Fashion and Retail Ltd. (ABFRL), in a significant corporate restructuring move, has announced the vertical demerger of its Madura Fashion and Lifestyle business into a new entity, Aditya Birla Lifestyle Brands Ltd. (ABLBL). This decision, approved by ABFRL’s Board of Directors, aims to enhance shareholder value by establishing two distinct companies, each with […]
In a significant move that’s set to revolutionize seasonal inventory planning, Lowe’s Companies, Inc. (NYSE: LOW), a leading home improvement retailer, has enlisted the expertise of RELEX Solutions and Accenture (NYSE: ACN). This collaboration leverages the delivery, advisory, and industry experience of Accenture along with the advanced, AI-driven technology provided by RELEX Solutions, aiming to […]