Corporate Lunch
“To Infinity and Beyond” – That’s the saying right? Well, Bed Bath and Beyond might not even make it to infinity, as it announced another stock offering of $300 million, warning it will likely need to file for bankruptcy protection if it doesn’t work out.
L’Oréal will buy Australian luxury cosmetics brand Aesop for an enterprise value of $2.5 billion, a move to grow its presence in high-end cosmetics with international expansion.
Bakery chain Panera Bread rolled out Amazon’s palm-scanning technology for contactless payment for loyalty members in-store in St. Louis. Customers can now expect personalized recommendations and first-name greetings.
Amazon and Microsoft were accused by UK regulators of limiting competition in the cloud services market, and the country’s antitrust agency recommended an in-depth probe.
Mastercard will require all banks issuing its payments cards to use sustainable materials starting in 2028. Apparently the card can “bend hundreds of times,” so no need to worry.
Twitter is struggling to sell users on its new subscription product, Twitter Blue. Only 116,000 people signed up for the service of 2.6 million people who visited the Twitter Blue sales page in March … Come on, Elon.
Tesla had another record quarter of deliveries … 422,875 to be exact, which is 36% higher than a year ago. Okay, Elon … you’re forgiven.
Walmart outlined its growth strategy, unveiling its next-generation supply chain. Apparently, by the end of fiscal year 2026 Walmart believes ~65% of stores will be serviced by automation and ~55% of the fulfillment center volume will move through automated facilities.
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