Franchise News
Former CEO of Associated Wholesale Grocers Inc. Expresses Confidence in Company's Future Amid Major Transition
Former CEO David Smith retires, confident in AWG's future; Dan Funk takes over for growth and innovation.
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ExxonMobil Launches Groundbreaking Project: Transforming Air Pollution into Electricity
ExxonMobil invests $20B in clean energy, pioneering a project to convert air pollution into electricity using advanced carbon capture technology.
ALDI's Green Initiative: First Major US Retailer to Stop Offering Plastic Bags
ALDI stops offering plastic bags, leading US retail in environmental sustainability and cost savings, by eliminating bags from all stores and adopting eco-friendly practices.
Major Walmart Locations: Iconic 20-Year Store Closure Signals New Global Era
Major Walmart locations close, including a 20-year Kansas store; the site to become an international grocery store, reflecting new retail trends.
J.Crew Closure: Major Clothing Chain Shuts Down in Mall Post-Bankruptcy
Post-bankruptcy, clothing chain J.Crew closes its San Francisco store, affecting 30 employees and marking a trend of major brand departures.
Tesla Announces Plans to Increase Employee Pay Across U.S. Factories
Tesla responds to the United Auto Workers union's organizing efforts by planning to increase employee pay, aligning with other automakers, but specific details remain undisclosed.
Twitch's Workforce Downsizing: Streaming Giant Cuts 35% of Staff in Major Restructuring
Twitch cuts 35% of staff amid financial challenges, high operating costs, and a strategic reshaping by parent company Amazon, also facing widespread job cuts.
Shoppers Bid Farewell as Sears Shuts Down Final New Jersey Location
Sears closes its last New Jersey store in Newport Mall, ending a 40-year legacy and prompting varied shopper reactions amidst the company's decline.
Citigroup's Layoff Expenses and FDIC Charges Lead to $1.7 Billion in Additional Costs
Citigroup faces $1.7B in additional costs, and CEO Jane Fraser's restructuring targets cost reduction and improved performance.
Texas Favorite Whataburger Enters Loan Market, Raises $340 Million
Texas burger chain Whataburger raised $340M in the loan market, aiming for financial growth and equity management.
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