#3g-capital tag

Some Investors Aren't Happy With Sketchers' Recent Sale

In September, an eminently recognizable footwear company changed hands - and went private as a result. Specifically, 3G Capital announced its purchase of Sketchers on September 12, which also marked the end of Sketchers' days as a publicly traded company. With that deal's completion now in the rear view mirror, details are beginning to emerge about how existing Sketchers shareholders fared as a result, and it turns out that not everyone is thrilled.That's led some Sketchers stockholders to file a lawsuit.

Business

fromBusiness Insider

2 months ago

Warren Buffett gurus say he made a 'rare' mistake with Kraft Heinz, now food giants are breaking up

Kraft Heinz is splitting after ten years because changing consumer tastes, cheaper rivals, weight-loss drugs, and aggressive cost cuts harmed innovation and performance.

fromABC7 Los Angeles

2 months ago

Kraft Heinz undoes blockbuster merger after a decade of changing tastes

But shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz and other food producers have tried to follow those trends. In 2021, Kraft Heinz sold both its Planters nut business and its natural cheese business, vowing to reinvest the money into higher-growth brands like P3 protein snacks and Lunchables. But the company continued to struggle, and Kraft Heinz's net sales fell 3% in 2024.

Business

fromFortune

2 months ago

Kraft Heinz to split in 2 after 10 years as one of the largest food companies in history

Kraft Heinz will split into two companies, separating shelf-stable meal brands from North American grocery brands and reversing the decade-old merged structure.

#skechers

fromEntrepreneur

6 months ago

Startup companies