Nolah’s aim is to improve Americans’ health by focusing on helping people get better sleep.
After the completion of the transaction, Suave’s operations outside of the United States and Canada will continue to be operated by Unilever.
Following the news, Bed Bath & Beyond’s stock price, which is listed on Nasdaq, closed at $3.01 on February 7th, a drop of 48.6% from the previous trading day.
Stephanie Linnartz, former Marriott executive, would be taking over as Under Armour CEO and starting in the role on Feb. 27.
For the full fiscal year 2022, reported net sales were $12.44 billion, showing an increase of 7% compared to the prior year period. On a comparable basis, currency-neutral sales increased by 9%, with growth achieved across all divisions, led by double-digit increases in Nourish and Pharma.
Chief Finance Officer Laurent Mercier said that Coty would implement new price increases in a very granular manner.
Chairman, President and Chief Executive Officer Tim Boyle noted, “Financial performance could have been even higher, absent supply chain constraints.”
The Company expects gross and operating margin pressure to continue in the first half of 2023 as it sells through the remainder of its higher-cost inventory.
Levi Strauss & Co. also announced that Harmit Singh’s role has expanded to chief financial and growth officer.
Although the overall growth is on the rise, the performance fell short of the previously expected growth of 6-8%.