#turnaround

#turnaround

Boohoo Group has launched a £35m share placing as it seeks to strengthen its balance sheet and support its long-running turnaround, sending its shares down 10 per cent in early trading. The Manchester-based fast-fashion retailer, which rebranded last year as Debenhams Group to reflect the stronger performance of that label, said the equity raise would provide additional liquidity and help create what it described as an "optimal capital structure".

Nike has been on a downward trajectory; its share price tanked under the previous CEO, John Donahoe, who was ousted last September in favour of Elliott Hill, a 32-year veteran at the company who was brought out of retirement to lead it back to growth. At the heart of its problems was Donahoe's hyper-focus on growing direct-to-consumer sales. Before Nike, he was a leader in the tech space (eBay, PayPal and ServiceNow) and came in with a vision to have more shoppers buy directly from Nike.com.

John Vincent is going back to the future. Four years after selling Leon, the fast food chain named after his father and founded in 2004 with two friends, he has bought it back with hopes of reviving its fortunes. In a crisis you need a pilot in full control, the martial arts fan says, speaking to the Guardian from Leon's headquarters near London Bridge.

For nearly four years, Intel's then-CEO, Pat Gelsinger, attempted to turn around the semiconductor giant. But he failed: the company's stock ultimately declined 61% during his tenure. Gelsinger resigned almost a year ago; his replacement, Lip-Bu Tan, was met almost immediately with a broadside from President Trump, who told Intel's board to oust him due to his China-linked investments and perceived conflicts of interest.