Suntory CEO Resigns Amid Whisky Investment Dispute
Takeshi Niinami, CEO of Japanese drinks giant Suntory, steps down following internal criticism over the company's multi-billion pound whisky strategy and leadership direction.
Category : Acquisitions
Nestlé CEO fired after secret affair with marketing VP
Nestlé CEO Mark Schneider has been abruptly fired after a secret romantic relationship with a marketing executive he promoted to Vice President of Americas Marketing just 18 months after meeting her, in a dramatic corporate governance scandal.
Nestlé UK CEO Laurent Freixe Fired in Shock Restructure
Laurent Freixe, the long-serving CEO of Nestlé UK & Ireland, has been abruptly dismissed as the food giant scraps its regional management boards in a major corporate overhaul.
Nestlé CEO Laurent Freixe Sacked Over Employee Relationship
Nestlé's CEO for the Americas, Laurent Freixe, has been abruptly dismissed after an internal investigation revealed an undisclosed personal relationship with a staff member, violating company policy.
Nestlé UK CEO sacked over undisclosed relationship
Nestlé's UK & Ireland boss, Stefano Agostini, has been abruptly dismissed after nearly four decades with the company for failing to disclose a personal relationship with a colleague, breaching strict corporate governance rules.
Nestlé fires top exec Laurent Freixe for conduct breach
Exclusive: Laurent Freixe, a veteran Nestlé executive and CEO of Zone Latin America, has been abruptly dismissed by the food and drink giant for a serious breach of the company's code of conduct, the Independent can reveal.
Wall Street Mogul's Charity Credit Card Scandal Exposed
Multi-millionaire investor Jason Ader faces scrutiny after using charity-linked American Express cards to fund an extravagant European vacation, raising serious questions about financial ethics.
Royal Mail Profits Double Under Kretinsky's Takeover
Under Daniel Kretinsky's ownership, Royal Mail reports a dramatic profit surge to £348m, marking a stunning turnaround for the former state monopoly and silencing critics of the controversial acquisition.
Spirit Airlines Warns of Potential Bankruptcy
US low-cost airline Spirit Airlines warns of potential bankruptcy, citing financial strain from grounded aircraft and fierce competition, just months after a blocked merger with JetBlue.
Widow's £3.7bn battle after bee kills Prince William's friend
The widow of businessman Ian Hewitt, a close friend of Prince William, is fighting for control of his £3.7 billion empire after he died from a heart attack caused by swallowing a bee during a polo match.
Cracker Barrel founder loses £6.5m logo trademark battle
Tennessee restaurateur Tommy Lowe defeated in High Court after claiming ownership of iconic Cracker Barrel logo. Judge delivers scathing verdict in favour of parent company CBOCS Properties.
Manhattan CEO arrested in Malta on US fraud charges
Luigi Mangione, CEO of Manhattan Group, arrested in Malta on US fraud charges. Alleged $5.5 million scheme targets elderly investors. Extradition proceedings underway.
Entain CEO Faces 11 Charges in £100m Bribery Scandal
Gambling giant Entain's CEO arrested on 11 counts of bribery and fraud linked to former Turkish operations. Serious Fraud Office investigation reveals alleged £100m scheme spanning 2011-2017.
TikTok Owner Launches $5bn Staff Share Buyback Amid US Pressure
ByteDance, the Chinese parent company of TikTok, initiates a $5 billion stock buyback programme for current and former employees, valuing the firm at a staggering $265 billion. This strategic move comes as the tech giant faces intense pressure from US law
Nine's Profits Dip Amid Major AI and Digital Investment Push
Nine Entertainment reports a 4.4% profit dip to A$258.3m but signals a bold digital future with major AI investment and the strategic sale of its Domain stake, reshaping Australia's media landscape.
Trump Children Face Financial Ruin in NY Fraud Case
A bombshell New York court ruling could see Donald Trump's children stripped of their vast business empire and personal wealth. Ivanka, Don Jr, and Eric face asset seizures, bankruptcy, and a ban from running companies in New York in a stunning legal blow
Time Out Magazine Exits London for Manhattan HQ
In a seismic shift for media, Time Out Magazine abandons its London birthplace after 55 years, relocating its global headquarters to Manhattan. Discover the reasons behind this historic move.
Korean Air seals $14bn Boeing deal after Trump intervention
Korean Air finalises a landmark $14 billion order for up to 50 Boeing 737 MAX jets, a deal reportedly secured following direct talks with former US President Donald Trump.
Ex-Wiggles CEO launches lawsuit against children's group
Ex-CEO Luke O'Neill takes The Wiggles to Australia's Federal Court in a stunning legal battle over contractual disputes and financial claims, shaking the children's entertainment world.
Coca-Cola in Talks to Sell Costa Coffee Chain
The Coca-Cola Company is reportedly in advanced discussions to divest its Costa Coffee chain, just six years after its landmark £3.9bn acquisition. The potential sale signals a significant strategic shift for the beverage giant.
Royal Mail Misses Targets as Kretinsky Takeover Nears
Royal Mail faces a delivery crisis, missing crucial performance targets for the second year. As Czech billionaire Daniel Kretinsky's EP Group finalises its acquisition, concerns mount over the future of the UK's postal service and potential regulatory act
Sanjeev Gupta's GFG Steel Empire Collapses
The dramatic collapse of Sanjeev Gupta's GFG Alliance, from its Yorkshire roots to its global ambitions, is a cautionary tale of debt, hubris, and the high-stakes world of industrial finance.
NY Firm Buys 28 Wyoming Newspapers, Sparks News Desert Fears
A New York-based media conglomerate, NMC, has acquired nearly all of Wyoming's local newspapers, raising profound concerns about the future of independent journalism, community voice, and the potential rise of 'news deserts' in the American West.
OnlyFans parent company secretly registered at UK Companies House
The parent company of adult content platform OnlyFans, Fenix International, has been discreetly registered at UK Companies House with a hidden ownership structure, raising questions about corporate transparency.
Musk Must Face $500m Twitter Severance Lawsuit, Judge Rules
A US federal judge rules that Elon Musk must confront a lawsuit alleging he refused to pay at least $500 million in severance to thousands of Twitter employees he dismissed after his $44 billion acquisition. The case advances as the court finds credible c
Trump's Billionaire Cabinet: Musk, Oil Titans for White House
Exclusive: Leaked documents reveal Donald Trump's secret shortlist for a potential 2024 administration, featuring Elon Musk and oil tycoon Harold Hamm in top roles, signalling a dramatic pro-business shift.
Rare Elizabeth I coin found by detectorist sells for £20,400
A metal detectorist's dream find, a 'mind-blowing' silver sixpence from the first year of Elizabeth I's reign, has been sold at auction for a five-figure fortune, highlighting the immense value of Britain's buried history.
Court Rejects Meta's Bid to Dismiss FTC Antitrust Case
A US federal judge delivers a significant setback to Meta, allowing the FTC's landmark antitrust lawsuit to proceed. The case challenges the tech giant's alleged monopolisation of the virtual reality market.
Nexstar's $7.6bn Tegna Takeover Collapses
The blockbuster $7.6 billion acquisition of Tegna by Nexstar Media Group has been abruptly terminated following intense scrutiny from US regulators and political figures, marking a major setback for media consolidation.
Tycoon Emil Barr to the rich: "Stop moaning about tax"
Multimillionaire Emil Barr launches a blistering attack on Britain's wealthy elite, urging them to stop complaining about taxes and instead focus on philanthropy and job creation. The outspoken entrepreneur defends his own success while calling for a new
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