SGB Updates

Newell Brands Debt Ratings Downgraded

Newell Brands Debt Ratings Downgraded

S&P Global Ratings lowered its debt ratings on Newell Brands Inc. as the company's earnings and cash flow guidance for fiscal year 2023 has come in significantly weaker than previous expectations because of weak macroeconomic conditions and continued inflationary pressures. (Read More)

Amazon To Lay Off Another 9,000 Employees

Amazon To Lay Off Another 9,000 Employees

Amazon's Andy Jassy, the company's chief executive, said in a note to employees on Monday that the company is laying off 9,000 corporate and tech employees by the end of April, adding to the 18,000 jobs it cut late in 2022 and again in January 2023. (Read More)

Sweaty Betty CEO And COO To Step Down

Drapers reported that Sweaty Betty's chief executive Julia Straus and chief operating officer, Mark Smith, would step down this summer following the brand's takeover by Wolverine Worldwide. A search is underway to fill the positions. (Read More)


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